Unbound Finance is a decentralized cross-chain liquidity protocol that builds the next monetary Lego by unlocking the liquidity of AMMs. The protocol is a "debt-free liquidity provision system" that mints synthetic assets, including UND and uETH, collateralized by LPT. The protocol does not charge interest and has no liquidations.

The aim of Unbound is to build products that are both native and composable for the DeFi ecosystem. These include:
Synthetic assets, including stablecoins (UND), uETH, etc.
AMM pools cross-derived from multiple AMMs
Oracle Price Feeds based on free markets and path-independent value discovery.
Financial tools built for compounding yields and margin trading.

The Unbound protocol is a dual-token ecosystem. It uses UND as a stablecoin and UNB as a governance token.

UND is a stablecoin pegged to the US dollar and collateralized by LPT (liquidity pool tokens). The value of UND minted is based on the value of the deposited LPT. The amount of UND minted when LPT is deposited is what the user must repay to reclaim their original LPT. Once deposited into the unlock contract, the minted UND will be burned before the original collateral is returned to the user. Arbitrageurs in the AMM pools ensure the maintenance of the US dollar peg.

UNB is used for protocol governance. It incentivizes token holders to solve problems through decision-making. Token holders will be able to vote on proposed changes and implemented policies to better serve the community and improve the efficiency of the protocol.