$BOND Barnbridge (Defi's secret weapon!) 10x Potential!
Barnbridge $BOND is the next step for Defi. Barnbridge is aiming to improve yield sensitivity and market volatility in Defi protocols like AAVE, COMP, and SNX. Defi is approaching $100 Billion in TVL which is starting to get attention from the mainstream media. Barnbridge is aiming to bring products like Smart Bonds to Defi in a very clever way. The team at Barnbridge aims to put 'Decentralization first', which is very important to most crypto investors. The Barnbridge DOA is now worth over $143 Million and climbing! Is $BOND the next hype wave in Defi?
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Finematics breakdown: • Derivatives in DEFI Explained (Synthetix, ...
BarnBridge is an idea & whitepaper originally conceived in Q2 2019. At the time, MakerDAO was starting to garner mainstream awareness and capture the imagination of what is now known as the DeFi, or decentralized finance, community. Over a year later, with 60% of Global debt yielding less than 1% & over $15 trillion of global debt yielding negative rates, capital continues moving into higher risk yield streams. Meanwhile, there is a decentralized financial system, referred to as Defi in this paper, burgeoning in the digital economy with digital assets and cryptocurrencies. While debt levels, which is referred to as TVL, or total value locked in decentralized financial protocols, has increased from hundreds of millions last year, to billions of dollars in 2020, yield on these instruments continues to dwarf the menial rates offered by comparable products in the legacy TradFi system. Conversely, due to assumed higher risk levels coupled with higher efficiencies provided by smart contract technologies, annual percentage yield (APY) is far higher on decentralized protocols than what can be found in the traditional financial system. Working capital is following the historical trend of following higher yield which is why we are seeing TVL moving to Defi at an accelerating rate. This is a trend that will continue. The need for familiar TradFi instruments to exist throughout the DeFi ecosystem has never been stronger. BarnBridge is an idea whose time has come.
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