Simply put, BarnBridge is a risk tokenizing protocol founded in 2019. It is a cross-platform management protocol used to mitigate the risks associated with decentralized finance (DeFi), such as interest rate volatility and the ever-present inflation risk. To do this, BarnBridge acts as a decentralized finance puzzle piece used to create tradable tokens that expose consumers to market volatility.
BarnBridge is a major tool used to expand the flexibility, functionality, and efficiency of DeFi. By tokenizing the crypto market fluctuations and exposure to risks, the market is better for everyone who has a share in it. It increases volatility in the market for day traders and curtails volatility for cautious investors. The junior token holders can buy risks from elite bond investors and provide liquidity.
Recently, BarnBridge launched its SMART Yield product. This product has been a great hit with users because it helps them tranche out the yield of other projects’ debt pools. Projects such as Compound, Yield Finance, Aave, etc. Users can purchase and invest in either junior or senior tokens that represent tranches.
The central focus of this project is the division of digital currencies into smaller tranches so that users can invest in different assets and products, depending on their risk profile.
Who are the Founders of BarnBridge (BOND)?
BarnBridge was founded by Troy Murray and Tyler Ward.
Tyler Ward was the one who came up with the idea originally. From the moment he graduated from college, his entrepreneurship skills massively increased. He founded Proof Systems, a thriving digital marketing industry focused on the Fintech sector. He has been an avid crypto enthusiast since 2016, so it’s no surprise that he is one of the founders of BarnBridge.
Before working on BarnBridge, Troy founded a crypto R and D firm called RUDE labs. Murray had been exploring the possibilities and benefits that crypto brings to the media since 2012, so it didn’t come as a shock when he started BarnBridge.
What is BarnBridge Used for?
The major use of BarnBridge is to allow participants on the platform to hedge against yield sensitivity as well as price volatility. It is a very unique project in the digital marketplace that deals with lowering the risk via the use of tokenized risk protocol.
Another important use of the platform is to separate the risk of digital currencies into different tranches, just like it has been explained above.
BOND is the Ethereum (ERC-20) that governs BarnBridge. It is a multi-utility token that holds a variety of duties, including staking. BOND holders can vote on governance proposals on the BarnBridge platform and stake their tokens in order to secure the network.
What is the Unique Point of Barnbridge?
One of the most significant advantages of BarnBridge is that it can use the fixed income to aggregate yields and flatten them. By doing this, the efficiency of the system is increased. This makes entry into the digital marketplace more seamless, personalized, and predictable for users. From a traditional point of view, BarnBridge can be used to improve stock trading.
Also, BarnBridge supports the use of SMART Alpha Bonds that can be used to tokenize price risks. It helps show users the degree of price fluctuations, whether low, medium, or high. On Ethereum, SMART Alpha Bonds can be used as products to hedge against price fluctuation.
BarnBridge provides tokenized products based on market fluctuations. The derivative tokens can be divided into three categories: low, medium, and high risk or reward. This is possible because BarnBridge is a cross-platform risk tokenization protocol with divisions of volatility and fixed income.
How Many BarnBridge (BOND) Tokens are in Circulation?
BarnBridge (BOND) tokens run on the Ethereum blockchain and have a circulating supply of 6,440,908 BOND coins and a 10,000,000 maximum supply.
Is the BarnBridge Network Secured?
The BarnBridge system was developed as an ERC-20 token and as such, the platform is bound by the same security protocol as the entire ecosystem of the Ethereum blockchain as a whole.
The network is highly secure; it is made up of nodes that are responsible for its protection from any form of malicious and unwarranted activity. It achieves this through its dedicated proof of stake consensus mechanism. The procedure used by the system is one where the nodes are required to validate transactions before they can be added to the blockchain.
How do I buy BarnBridge Token (BOND)?
The BarnBridge platform seeks to provide a solution to the problem of large-scale GPU computing power for rendering operations. Through its provisions, people that require rendering jobs can easily gain access to these jobs and then get paid on the network without any form of hassle. Expectedly, this has been the reason several new participants have jumped on the network and now its tokens are available on several exchanges and can be purchased by the procedure below.
- Interested parties are required to create an account with the crypto trading platform. ,
- Then, they are required to transfer a specific amount of fiat money to the crypto account
- After they will have to wait till the transaction has been approved, they can now buy their BOND tokens.
Which Cryptocurrency Wallet Supports BarnBridge Token (BOND)?
The PTPWallet platform supports many cryptocurrencies simultaneously such as BarnBridge token (BOND). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their BOND wallet because it offers a simple and interactive interface making it easy for people to navigate its system.