Official Unda Documentation

Unda is a decentralized borrowing protocol that allows you to create interest-free loans, paid out in KUSD, using KOIN tokens as collateral. You can freely mint KUSD and repay your loan as you see fit, as long as you keep a minimum collateral ratio of 150%.

Unlike other platforms Unda does not charge interest rates, transaction fees or gas fees. The only fee you pay is a one-time deposit fee of 0.5%. This makes KUSD frictionless, cheap and accessible to everyone.