What is BarnBridge?
BarnBridge is a tokenized risk protocol that enables investors to profit from risks and price fluctuations in the crypto market. Such risks may include cash flow volatility, market price fluctuations, and inflation risk. Therefore, users can easily hedge their positions against these risks and minimize some of their consequences. By capitalizing on the risks, the protocol expands the functionality of DeFi, making it more flexible and efficient. Besides, the protocol is designed to suit investors with various risk tolerance. Thus, it can reduce the risk for conservative investors or increase it for day traders.
The platform incorporates a native ERC-20-based token called BOND. The token plays a significant role in running the ecosystem. Take a look at the BarnBridge price chart to see the live BOND price.
How Does BarnBridge Work?
BarnBridge creates tokenized derivatives based on market fluctuations. The derivative token is then divided into high, medium, and low-risk/reward categories. The platform allows users to select a risk/reward profile that matches their requirements. Besides, users can redistribute these risks through tokenizing derivatives.
The protocol runs three key projects. The first is Smart Yield, which enables users to hedge against interest rate risks in DeFi markets. The second product is Smart Exposure, which is used to passively rebalance between two assets through tokenized strategies. And finally, there is Smart Alpha, which gives users more control over their exposure to the performance of a given digital asset.
Who Founded BarnBridge?
BarnBridge was founded by Troy Muray and Tayler Scott Ward in 2019. The two founders had worked in blockchain technology before they came together to launch BarnBridge. Murray had worked on SingularDTV, a blockchain-based solution for entertainment rights and royalties management. He has also worked on the equity crowdfunding platform. Scott, on the other hand, is a manager at Proof Systems, a large marketing company that deals with digital assets.
Use Cases of BarnBridge Tokens
BOND is used for governance and staking. In terms of governance, holders of the token can participate in on-chain voting and decision-making on the network's future. Considering staking, users can stake BOND tokens and provide liquidity on Uniswap to earn passive income. Besides that, they can also use BarnBridge tokens to yield earnings from CREAM Finance.
Interested in buying BarnBridge tokens? Don't forget to check the current (or the previous) BOND price that is featured on the BarnBridge price chart.
BarnBridge Tokenomics
BarnBridge has a total supply of 10 million BOND. During its initial coin offering (ICO), BarnBridge managed to raise $1 million. A large share (68%) of the token supply is allocated to the community. This includes yield farming, Uniswap LP rewards, staking rewards, Var Pool incentives, and community reserve. The remaining tokens were distributed to the core team (12.5%), DAO Treasury (10.00%), investors (7.50%), and advisors (2.00%).
