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BOND, an ERC-20 token, is the governance token of BarnBridge protocol. The protocol essentially brings the traditional risk management aspect to DeFi space by creating “bond-like” products which split the risks associated with cryptocurrency investment into various tranches or buckets, which allows participants, especially institutional investors, to invest in crypto assets based on their risk appetite. The investor can choose from a low (senior), mid or high (junior) risk bucket based on their risk profile and are offered corresponding returns. On providing liquidity to the pool, the investor receives a token that represents ownership and can be traded on other protocols. However, these tokens are not the platform’s governance token, BOND.
Currently, BarnBridge offers two products: Smart Yield Bonds and Smart Alpha Bonds. BOND token is integral to the platform as it is the native token of the platform used for staking in the DAO system to propose changes to the protocol or make any decisions regarding the direction of the protocol. The project is focused to expand DeFi capabilities and address some of the important aspects of institutional activity, including risk management and access to fixed income instruments thereby, increased institutional activity across DeFi.
BarnBridge (BOND) is the 500th largest cryptocurrency in the world by market cap, valued at $66,042,635. The current price of BarnBridge is $11.19, which is 5.105% higher than yesterday. Prices have ranged between $11.28 and $10.64 over the past 24 hours. All prices are listed in US dollars and accurate as of January 26, 2022 05:01 UTC.
| Coin symbol | BOND |
|---|---|
| Coin Marketcap | US$66,042,635 |
| Total BOND supply | 10,000,000 |
| Circulating BOND | 5,949,314 |
| Current price | US$11.19 |
| All time high | US$185.69 |
| Notable team members | Troy Murray, Tyler Ward, Milad Mostavi, Dragos Rizescu |
| Partnerships | Digital MOB, atpar, centrality, Rude Labs, Proof Systems |
| Industry | A fluctuations derivatives protocol |
| Token uses | Governance, staking |
| Network | Ethereum |
Historical prices compared with the price of US$11.19.
| 1 hour | 1.04% |
|---|---|
| 24 hours | 5.11% |
| 7 days | -20.53% |
| 14 days | -23.85% |
| 30 days | -34.84% |
|---|---|
| 60 days | -54.98% |
| 200 days | -63.61% |
| 1 year | -72.26% |
Disclaimer: Cryptocurrencies, including BarnBridge, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BOND is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the BarnBridge or any other cryptocurrency discussed.