Unbound Finance continued to expand as the protocol announced its sandbox mainnet officially launch on Ethereum.
The much-anticipated Sandbox mainnet launch was announced by Unbound via a tweet from its official Twitter handle. According to the announcement, Unbound Finance has officially been deployed and is now live on the Ethereum mainnet.
The Unbound Sandbox Mainnet Is Now Live On Ethereum.
Details: https://t.co/r9bAzoHqRx pic.twitter.com/vwXBhcE0jZ
— Unbound (@unboundfinance) September 28, 2021
Therefore, Unbound expressed its delight with the successful launch. It noted that the sandbox launch on Ethereum will further Unbound’s vision to make DeFi more organized and capital efficient.
The protocol further explained that the launch of Ethereum is the result of its growth and represents a significant milestone. It also stated that the launch represents the beginning of its mission to create the first-ever decentralized, cross-chain stablecoin ($UND).
“The day is indeed the outcome of a year and a half of dedicated hard work, research, and development by the entire Unbound team and unprecedented support from our angels, investors, and the Unbound community members in our journey so far,” Unbound stated.
Additionally, Unbound noted that following the sandbox mainnet launch will release a fully functional mainnet platform by initially limiting TVL and UND minting. Essentially, liquidity will be increased by adding more pools supported by multiple Ethereum based AMMs and lifting the restriction on $UND minting.
Unbound Finance to Launch on Polygon, Binance Smart Chain, Harmony
While expressing its delight with the sandbox mainnet launch, Unbound noted that it is providing users with more options.
The protocol is currently focused on going live on several other blockchains, including Polygon, Binance Smart Chain, and Harmony.
We are extremely excited to partner with @harmonyprotocol .
Unbound integrates with one of the most popular blockchain – Harmony.https://t.co/ZcBE9QXFFc#Harmony users can now unlock their liquidity and mint our stablecoin $UND.$ONEhttps://t.co/a6NNR1Rmuz pic.twitter.com/ZLQHfe9Rhf
— Unbound (@unboundfinance) September 2, 2021
“[…] Our engineers are actively developing solutions for integration with various other chains such as Solana, Klaytn, HECO chain, Kucoin Community Chain, Fantom, and OKEx chain,” Unbound said.
Unbound also revealed that it is currently creating a doorway liquidity aggregator contracts for Uniswap V3. The initiative will focus on collateralizing strategies for Unbound liquidity. It will work towards streamlining user investment in Uniswap V3 pools.