Interest-free borrowing
Deposit crypto, borrow KUSD
Make waves with Unda
Total Value Locked: $-
Deposit crypto, borrow KUSD
Make waves with Unda
No high interest rates, no transaction fees, no gas fees. Instead Unda charges a small, one-time fee of maximum 0,5% upon deposit.
Manage your position any time with zero transaction fees. Adjust your collateral ratio as you see fit.
Immutable, non-custodial and governance-free. Have full control over your assets at all times.
Using KUSD subtypes, Unda boosts its resilience and mitigates risks by segregating collateral assets.
Unda presents KUSD, the ultimate frictionless stablecoin. Using a modular architecture, KUSD is able to accept any token as collateral. Every token has a corresponding KUSD subtype, which is freely interchangeable with other subtypes.
Unda (meaning 'wave') is a decentralized borrowing protocol that allows you to draw interest-free loans against your tokens used as collateral. Loans are paid out in KUSD, a USD-pegged stablecoin, and need to maintain a minimum collateral ratio of 150%.
Unlike other DeFi platforms Unda charges no ongoing interest rates, transaction fees or gas fees. The protocol simply charges a small, one-time fee of 0.5% upon deposit, no more.
Unda does not have a governance token. The Unda Trader NFT collection will be released later this year and offers reduced deposit fees for NFT holders as well as other benefits for future Unda products.
Unda currently supports KOIN as collateral. As more assets become supported, each type of token is kept in a separate pool to mitigate risk and enhance the protocol's resilience. We plan to add support for additional tokens as the Vortex bridge goes live.
KUSD employs market incentives to maintain its peg to the US dollar as well as a liquidation mechanism for vaults that fall short of the minimum collateral requirements. The combination of these two mechanisms ensures that KUSD is fully collateralized at all times.
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