Hey.
Someone recommended this coin to me. I am sceptical.
It has a total supply of 10Billion. Yet only 9% of it is in circulation and its 96% down from its ATH in December 2021.

I'm sceptical of any altcoin that got released at the top of the bull run. (They almost all are riding the hype and taking advantage of peoples greed to sell them shitcoins)

I'm not really sure what i make of the idea behind the project either.
From CoinmarketCap:
"Unbound Finance is the first-ever debt-free liquidity provision system. Unbound achieves this by building a derivative layer on top of Automated Market Makers (AMMs) such as Uniswap, Balancer, Mooniswap, Bancor, Curve.fi, etc, unlocking locked liquidity from existing AMM pools and giving loans on existing Liquidity Pool Tokens (LPTs) as collateral.

The Unbound Protocol charges no interest and it's liquidation Free."

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It currently has a flexible APR loan rate of 25% at Kucoin. (pretty damn high for a flexible / not staking) Which makes me wonder - why do they want people to buy it?

Someone told me it is 100x potential.... but... I don't trust them at all. They pretty much make exclusively bad calls...

What're your thoughts on this project? Scam? or does it have potential?
Thanks, TG