Founded in 2019, BarnBridge is a protocol aimed at tokenizing risk, and it was launched in September 2020. BarnBridge is a type of decentralized finance (DeFi) platform designed to create exchangeable tokens that expose consumers to market volatility. As of March 2021, the platform is still in an early stage of its launch.
BarnBridge (BOND) Explained
BarnBridge is a project that extends its functionality to make DeFi more flexible and efficient. By tokenizing market fluctuations and exposures to risks, it can reduce volatility for conservative investors or increase it for day traders. BarnBridge allows for traditional risk management tools and fixed-income instruments in the DeFi market. Its main focus is to slice crypto risks, enabling market participants to invest in different products or assets depending on their risk profiles.
Sustainable DeFi platforms like Compound (COMP) and Aave (AAVE) can provide over 5% annual return (APY) on some assets. With profitability optimizers like yEarn, the APY can exceed 10%. The disadvantage of these DeFi platforms is their inability to offer fixed income; moreover, adding cryptocurrencies to a portfolio means taking significant risks as crypto assets are highly volatile.
The advantage of BarnBridge is its ability to consolidate fixed-income returns and stabilize them to increase system efficiency. This opens up the crypto industry to a wider audience by making entry more personal and predictable for consumers. In terms of traditional finance, BarnBridge can also be used to enhance the efficiency of stock transactions.
On the other hand, BarnBridge creates tokenized derivatives based on market fluctuations. Examples of underlying markets include yield rates, prices, market prediction rates, default rates in mortgages, among others. These derivative tokens are divided into high, medium, and low risk/reward categories. BarnBridge can be described as an inter-platform risk token protocol with fixed income and volatility tranches.
How to Purchase BarnBridge Coin?
BOND Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy BOND Coin, one must first register with Binance and then send fiat money. Following the transfer of a fiat currency like Turkish Lira or dollars, one can buy BOND in trading pairs with Bitcoin (BTC), BUSD, Binance Coin (BNB), and Tether (USDT).
In addition, on Binance, users can place an order to buy at a price lower than the market value by using the Limit tab. For this, you just need to enter the amount you want to buy and the price at which you want to buy it.
