BarnBridge (BOND) news

What is BarnBridge (BOND)?

This innovative protocol, founded in 2019 and launched in September 2020, allows users to create tradeable tokens that expose them to market volatility. By tokenizing risks and market fluctuations, BarnBridge aims to make DeFi more flexible and efficient. Whether you're a conservative investor looking to reduce volatility or a daytrader looking to increase it, BarnBridge has something to offer. The platform enables traditional risk management tools and fixed income instruments on the DeFi market, and divides cryptocurrency risks into tranches so that investors can choose products or assets that match their risk profile. To learn more about this exciting project, check out our deep dive of Quant.

Who Are the Founders of BarnBridge (BOND)?

Troy Murray and Tyler Ward are the co-founders of BarnBridge. Prior to their work on the project, Murray founded RUDE_labs, a crypto RD firm exploring blockchain's potential in media since 2012. He also served as director of strategy at Breaker and as a supervisor/technical architect at snglsDAO Foundation. Ward, on the other hand, founded Proof Systems, a digital marketing company focused on fintech, before co-founding BarnBridge. He has also worked with various companies such as ConsenSys, Earn.com, FOAM, Dether, Grid +, Centrality, Sylo, NEAR Protocol, DARMA Capital, SingularDTV, and snglsDAO.

What makes BarnBridge (BOND) Unique?

Investing in sustainable DeFi platforms like Compound (COMP) and Aave (AAVE) can yield over 5% annual percentage yield (APY) on some assets. However, these platforms do not offer fixed income and adding cryptocurrencies to a portfolio can be risky due to their high volatility. BarnBridge offers a solution by aggregating yields with fixed income and flattening them to improve the efficiency of the system. This makes entry into the crypto industry more personalized and predictable for consumers, opening it up to a wider audience. BarnBridge creates tokenized derivatives based on market fluctuations, which are divided into high, medium, and low risk/reward categories. It is a cross-platform risk tokenization protocol with tranches of fixed income and volatility. Additionally, BarnBridge supports SMART Alpha Bonds that can be used to tokenize price risks and hedge against any ERC-20 token price fluctuations. Its competitors include other DeFi risk hedging platforms like Hegic (HEGIC) and Opyn.