The problem Unbounded.finance solves

Our main goal was to push the boundaries of DeFi and come up with something exciting and valuable. Our first product which we call CPV (Crypto Perpetual Vehicle) is an on-chain SPAC (Special-purpose acquisition company). We realised that with DeFi maturing, novice users needed an easy way to take advantage of arbitrage, flash loan, cross-exchange arbitrage opportunities.

CPV allows exactly that, users can deposit their funds into our CPV contract and anyone on Ethereum can become an arbitrageur and make trades, loans, OTC/p2p swaps using the funds within the CPV. Users and arbitrageurs both receive warrants which can be converted to profit generated by the CPV or exchanged.

We also built a P2P and OTC trade interface where users can create simple, secure trades across two assets. Although the future OTC and P2P users differ in a lot, we built this interface with the vision in mind that two random people on the street can facilitate a swap in a few minutes.

// IMPACT BOUNTY
Targets tackled: 1.1 1.2 1.4 1.5 1.a 2.1 2.2 2.3 8.1 8.3 8.5 8.10 9.1 9.3 9a (For details see google-drive link below)

Challenges we ran into

Testing. Since our SPAC makes fairly complex interactions in the back, it was hard to set up other protocols to test on. It took quite a while but in the end we managed to create a fork and simplified version of a Uniswap market, one OTC, and one P2P market. We used this as a route to create arbitrage for our CPV.