Country for PR: China
Contributor: PR Newswire Asia (China)
Wednesday, December 08 2021 - 14:50
AsiaNet
Huobi Primelist to List UNB, Backing Unbound Finance's Aims to Improve Liquidity for Decentralized Exchanges
LONDON, Dec. 8, 2021 /PRNewswire-AsiaNet/ --

Huobi Global, one of the world's leading digital asset exchanges, today 
announced its sixth Primelist 
event<https://www.huobi.mp/en-us/topic/primelist/?code=UNB>, offering its users 
privileged access to the DeFi project Unbound Finance and its token UNB. A 
decentralized, cross-chain liquidity protocol, Unbound Finance is building the 
next "money lego" by unlocking liquidity from the Automated Market Makers 
(AMMs) that power decentralized exchanges (DEXs).

Unbound Finance is the First-Ever-Debt-Free Liquidity Provision System that 
unlocks liquidity trapped in decentralized exchanges across different 
blockchains. Decentralized exchanges are powered by AMMs, or autonomous trading 
mechanisms that incentivize users to become liquidity providers in exchange for 
a share of transaction fees and free tokens. AMMs tend to be siloed from each 
other and have little to no interoperability, making it difficult for traders 
to deploy funds across multiple protocols and blockchains. To solve this 
problem, Unbound Finance builds a derivative layer on top of AMMs and 
collateralizes liquidity pool tokens (LPTs) with zero interest.

The sixth Huobi Primelist encourages users to hold HT tokens for a certain 
period to become eligible for access to UNB tokens, supporting Huobi's 
ecosystem. Huobi is committed to building an ecosystem where projects with 
aligned visions can develop together and support each other.

Huobi Primelist's token listings have proven to be popular with investors since 
beginning on November 1. According to data from Coinmarketcap, as of 11:00 (HKT 
time) on December 7, the daily trading volumes of Primelist tokens NGL (Gold 
Fever) and BICO (Biconomy) on Huobi ranked 
first<https://coinmarketcap.com/zh/currencies/gold-fever/> among all other 
major exchanges.

Starting 17:00 (HKT time) on Dec 14, 2021,  users will be able to purchase UNB 
assets on Huobi Primelist. For more details about the 5th Primelist event, 
click here<https://www.huobi.mp/support/en-us/detail/44893185487018>. 

Risk Reminder: Trading digital assets and digital asset derivatives comes with 
high risks due to significant price fluctuations. Please fully understand all 
of the risks and make prudent decisions before trading. Please read our 
detailed risk reminders at 
https://www.huobi.com/support/en-us/detail/360000188081.

About Huobi Group

Huobi Group, a world-leading blockchain company, was founded in 2013 to make 
breakthroughs in core blockchain technology and further the integration of 
blockchain technology with other industries. Huobi Group has expanded its 
products and services to public blockchains, digital asset trading, wallets, 
mining pools, proprietary investments, project incubation, digital asset 
research, and more. 

SOURCE  Huobi