Unbanked (UNBNK)
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About Unbanked
Unbanked (UNBNK) is a DeFi Liquidity Protocol to connect peer-to-peer lenders and borrowers. It provides a platform for borrowers to pledge various assets, including NFTs and digital tokens, to borrow money from individual lenders. The decentralized protocol is a non-custodial marketplace for lending, borrowing, and swapping between users. UNBNK supports many crypto assets, including ETH, USDC, wrapped assets like wBTC, and curated NFTs. With the UNBNK Protocol, a global community of independent borrowers and lenders can come together to participate in a new financial revolution without the need for traditional financial institutions.
The UNBNK Protocol enables users to gain on-chain exposure to a range of liquid or illiquid assets. By utilizing smart contracts, users can leverage their digital assets as collateral to borrow funds from other users of the Protocol. The protocol also supports collateralizing traditional CeFi products like debit cards. The UNBNK digital asset is at the core of all transactions made on the UNBNK protocol. Additionally, UNBNK can be used on traditional CeFi products like the Unbanked.com debit card and bank account, allowing users to enjoy the benefits of both DeFi and CeFi.
The UNBNK Protocol fosters a global community focused on building a powerful network of interchangeable assets, blending the worlds of DeFi and CeFi. It incentivizes users to participate in liquidity pools by rewarding providers with trades-generated fees. The protocol also enables lenders to earn interest by contributing digital assets to liquidity pools. At the same time, borrowers can use their crypto or digital assets as collateral to take out flash loans. Using the Unbanked dashboard, UNBNK holders can swap their UNBNK tokens between different blockchains. As a proven team with experience in the crypto space, Unbanked is dedicated to compliance with regulations and maintains active compliance with Federal, state, and local regulations.
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