Read Our New Project Report About Bitcoin (BTC) - The World's Largest Cryptocurrency
A Derivatives Protocol for Structured Stablecoin Lending Products.
Share this article
BarnBridge is a derivatives protocol focused on structured stablecoin lending products. The protocol allows the unbundling of yield farms into various risk tranches and allows users to deposit stablecoins into junior and senior farming pools.
The protocol aggregates user deposits into the underlying money markets and allocates the generated yield onto the different risk profiles which are referred to as tranches.
SMART Yield: Users can deposit stablecoins into Junior or Senior farming pools. Depositors in the senior pools receive a fixed interest rate, whereas the junior pools are exposed to variable interest rate returns, but are incentivized with BOND tokens.
The project raised 1.00MM USD from one round of private token sale, where 7.50% of the BOND total token supply has been sold at 1.33 USD / BOND.
As at July 5th 2021, the total supply of BOND is 10,000,000 and the current circulating supply is 3,447,362 BOND (~34.47% of total token supply).