#BTCUnbound
đđ The term BTCUnbound seems to refer to Unbound Finance (UNB), an innovative DeFi protocol that allows borrowing dollar-indexed stablecoins (like UND) at 0% interest, using liquidity tokens as collateral.
Hereâs a quick overview:
đ What is Unbound Finance?
- DeFi Protocol: Allows borrowing without selling assets.
- Stablecoin UND: Dollar-indexed, borrowable at zero interest.
- Native token UNB: Used for governance and rewards.
- Strong partnerships: With Avalanche, Polygon, Ethereum, and more.
đ UNB vs BTC
- The UNB token can be exchanged for Bitcoin (BTC) on several platforms.
- Currently, 1 UNB â 0.0000000218 BTC, with a market capitalization of around 42 BTC.
đ Why is it interesting?
- Zero interest = more flexibility for DeFi users.
- Cross-chain = compatible with multiple blockchains.
- Decentralized governance = UNB holders vote on protocol decisions đĄ
