BarnBridge, founded in 2019, is a protocol for tokenizing risks. It was launched in September 2020. BarnBridge is a sort of decentralized finance (DeFi) lego for creating tradeable tokens that expose a consumer to market volatility. As of March 2021, the platform is still in an early stage of launch.
BarnBridge is a project that expands the functionality of DeFi to make it more flexible and efficient. By tokenizing market fluctuations and exposure to risks, it can reduce volatility for conservative investors or increase it for daytraders. BarnBridge enables traditional risk management tools and fixed income instruments on the DeFi market. The main focus is dividing cryptocurrency risks into tranches so market participants, depending on their risk profile, can invest in different products or assets.
Project BarnBridge Facts
|Defi Coin Name||BarnBridge|
|Circulating Supply||2,584,067.65 BOND|
|Explore||Click Here To Visit Explore|
|Chat Option||Click Here To Visit Chat|
|Official Website||Click Here To Visit|
Who Are the Founders of BarnBridge?
BarnBridge was co-founded by Troy Murray and Tyler Ward. Prior to working on Murray founded a crypto R&D firm RUDE_labs, exploring the benefits that blockchain can bring to the media since 2012. He has also worked as director of strategy at Breaker and as a supervisor/technical architect at snglsDAO Foundation.
Before going on to co-found Ward has founded Proof Systems, a digital marketing company focused on the fintech industry. Ward has also worked with ConsenSys, Earn.com, FOAM, Dether, Grid +, Centrality, Sylo, NEAR Protocol, DARMA Capital, SingularDTV and snglsDAO.
BarnBridge is a risk tokenizing protocol. It aims to reduce the risks associated with DeFi, such as inflation risk, market price risk, and cash-flow volatility risk. By letting users select a risk profile, can redistribute risk via tokenized, liquid tranches. They does this with its SMART Yield, SMART Exposure, and SMART Alpha products, all of which address a specific DeFi risk category.
What Makes BarnBridge Unique?
Sustainable DeFi platforms like Compound (COMP) and Aave (AAVE) provide over 5% annual percentage yield (APY) on some assets. With profitability optimizers like yEarn, APY can grow to over 10%. The drawback of these DeFi platforms is that they don’t offer fixed income; additionally, adding cryptocurrencies to a portfolio means taking on significant risks as cryptocurrency assets are highly volatile.
BarnBridge’s advantage is that it can aggregate yields with fixed income and flatten them to improve the efficiency of the system. This helps make the entry into the crypto industry more personalized and predictable for consumers, opening it up to a wider audience. From the standpoint of traditional finance, BarnBridge can be used to improve the effectiveness of stock trading.
They creates tokenized derivatives based on market fluctuations. Examples of underlying markets include rates of return, prices, market prediction odds, default rates on mortgages and others. These derivative tokens are divided into high, medium and low risk/reward categories. BarnBridge is a cross-platform risk tokenization protocol with tranches of fixed income and volatility.
BarnBridge also supports SMART Alpha Bonds that can be used to tokenize price risks. They can expose users to large, medium, or low price fluctuations. Smart Alpha Bonds on Ethereum can be used as derivatives to hedge against any ERC-20 token price fluctuations.
Beginner’s Guide to Governance
BarnBridge” does not refer to an incorporated entity based out of any legal jurisdiction. It is an open source suite of applications for managing risk within blockchain-based financial systems. Its founding team and the community that has emerged since its inception coordinate the continued development of this suite through a combination of formalized decision-making and informal channels for reaching consensus.
Its formalized decision-making is conducted through a structure referred to as a “DAO”, or Decentralized Autonomous Organization. The DAO is architected as a series of smart contracts on the Ethereum blockchain that allow users to deposit BarnBridge’s governance token, BOND, to gain voting power. This voting power then allows users to decide on how to introduce new, or maintain existing, applications, as well as how to allocate collective resources in the shared treasury. With its DAO, BarnBridge becomes accessible to anyone with an internet connection and an Ethereum wallet.
How Is the BarnBridge Network Secured?
BOND is based on Ethereum’s ERC-20 compatibility standard. It is used for betting, governance and incentives on the BarnBridge network. BOND can be stored in any wallet that supports Ethereum, allowing easy access to the token.
The live BarnBridge price today is $28.81 USD with a 24-hour trading volume of $829,453 USD. BarnBridge is up 1.60% in the last 24 hours. The current CoinMarketCap ranking is #393, with a live market cap of $74,439,943 USD. It has a circulating supply of 2,584,068 BOND coins and the max. supply is not available.
Where Can You Buy BarnBridge (BOND)?
BarnBridge (BOND) can be purchased at a number of cryptocurrency exchanges including:
- Uniswap (V2)
- 1inch Exchange