UND stablecoin creator Unbound Finance is partnering with Ethereum scaling solution Polygon to increase liquidity on AMMs based on Polygon.
In an effort to make AMMs more capital efficient, Unbound Finance will be launching the stable coin UND. It is the first cross-chain decentralized stable coin. This will be based on the Polygon network. Added to this, the Unbound Finance governance token UNB will also be tradeable on Polygon-based DEXes.
With Unbound Finance, users can collateralize their existing liquidity pool tokens on AMM-based DEXes like Dfyn, PancakeSwap, and Uniswap. These LPTs can mint the UND stablecoin.
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Source: Cryptocurrency - investing.com
