ADAHQ

Bonds

Symbol: BONDS

(₳)

min ago

Daily Vol: (₳)

Website:

Socials:

About Bonds:

Bonds.org: Game-changers in Cardano Decentralized Lending

Bonds

Bonds.org is a decentralized protocol to allow asset lending on Cardano - allowing Cardano enthusiasts to take full advantage of lending and borrowing opportunities in a completely non-custodial way. Bonds.org offers accessible, low-cost financing to borrowers in need of liquid loans. Borrowers can borrow without the need to liquidate their crypto assets; lenders can earn a substantial interest rate for meeting the liquidity needs of others.

Bonds.org founding team boasts an incredible track record within the Cardano ecosystem, having already delivered enormously profitable projects - including the VC-less launch of a DEX - completely from scratch. Now, the team has taken advantage of the latest crypto winter to work on a truly innovative product. Once the ecosystem picks up speed, Bonds.org is destined to become the go-to place for instant lending and borrowing opportunities - a non-custodial gateway to Cardano liquidity.

The team has already secured strong partnerships with leading ecosystem launchpads, stable coins, and other prospective partner projects. Thanks to the team’s wealth of experience, know-how, and knowledge of best industry practices - Bonds.org is bound to amplify the prosperity of all market participants within the Cardano ecosystem.

V1 Peer-to-Peer Lending

Bonds.org utilizes an orderbook model, where different actors (lenders or borrowers) can place borrow or lend requests. Requests are ordered by interest percentage, thus creating an orderbook. The smart contract is the agreement between two sides, which holds funds (collateral and initial loan amount), variables (conditions), and is responsible for enforcing loan execution/conditions.

Loans will have time limitations, where the loan is valid for a limited amount of time set by the user. After the time has passed, loan is liquidated, and the collateral ownership is transferred to the lender.

NFT ownership (bonds). There will be two types of NFTs: borrower and lender. Each will represent ownership of the loan (from either side). Meaning we are not attaching to a user wallet address, but to an NFT bond instead. These non-fungible tokens are transferable, which means that a new type of a market will be created within the NFT space.

V2 Fractional Lending implementation

Fractional Lending. The loan created by lender can be accepted by an unlimited number of borrowers, until the loan is fully covered (sort of user-centric pools).

Incentivization. Each major action will be rewarded with Bond tokens, which will be transferred from the reward smart contract. Working principle is pretty similar to farming, where Loan smart contract will mint equivalent Bond reward tokens, transfer them to rewards smart contract, which will burn these derivative tokens and transfer real Bond tokens to user. There will be reward allocation in tokenomics. Rewards will be given until rewards smart contract is depleted/out of funds.

V3 Pooled lending

Liquidation and Bond reward mechanisms will also fit this. V3 won’t replace the peer-to-peer model, it will be an addition to it. This will be an equivalent of AAVE on Cardano, where lent funds are pooled into one place and borrowed from the very same place, thus eliminating the need for peer-to-peer interactions. Interest rate is calculated based on different factors, including pool fund utilization, associated asset risk, supply and demand (in smart contract level).

On-chain Staking

The Decentralized Finance world is an evolution within the blockchain and cryptocurrency industry as it brings a whole new opportunity for earning multiple passive income streams. The incentives, rewards, and safety DeFi provides to the users of the platform are pushing smart contract interaction to ever higher levels. With an on-chain staking protocol, Bonds.org provides the utility for projects and their token holders to utilize passive income. Staking is a great tool to sustain project token price and reduce the potential selling pressure. This is a smart contract-based solution where the funds are locked on chain and can be withdrawn without many blockers, like KYC, lockup periods, min/max buy-ins and such.