New DEFI Project To Cardano
Does Bonds have what it takes to provide Cardano users with DEFI experience
Bonds.org is a pioneer in decentralized asset lending on Cardano - one of the first DeFi protocols to allow Cardano enthusiasts to take full advantage of lending and borrowing opportunities in a completely non-custodial fashion.
New DEFI Platform Being Built On Cardano
Bonds.org are soon to be releasing on Cardano, with on-chain staking set to launch Q1 2023 and new partnerships being confirmed regularly.
Bonds is offering users the ability to borrow against their crypto assets, enabling users to loan money without the need to sell their crypto. Great if you think your crypto value is going to rise and you don’t want to risk missing out on the next pump.
Not only can you borrow money against your crypto but you’ll also be able to lend against NFTs as well.
Tokenomics
The total supply of $BONDS token is set to 250,000,000, compared to the likes of $MELD which has a total supply of 4,000,000,000 you can predict that the price of $BONDS will be a lot higher.
Currently the token hasn’t been release but clicking on the buy token button on the website takes you to a contact page. Whether that means it’s available for pre-sale or they’re looking for early investors we do not know.
From looking at their road map and seeing what they’re already doing it’s worth an interest. Definitely one to keep an eye on as the future of Cardano grows, DEFI is a major part of that infrastructure and crypto backed loans could well be the future of internet banking.