Jigstack Teams Up with Bonded Finance Boosting Value of Jigstack’s Ecosystem

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Jigstack

4 min readFeb 12, 2021

We are very pleased to announce a new partnership with one of the major players in the crypto industry — Bonded Finance.

Bonded Finance’s platform was created in order to help push the bounds of open finance. The company does this by incubating and deploying experimental, smart contract-driven, high-yield financial instruments.

Bonded has its own algorithmic model, known as Bonding, which aims to reduce the risks, unlock, and aggregate the dormant value that is distributed among smaller, untapped digital assets. It is estimated that there is approximately $50 billion in value distributed among less noticeable projects and Bonded aims to help them gain more exposure and achieve their full potential.

Bonded Finance also has its own token, BOND, which is used across its vast and ever-growing network of products. The coin’s purpose is to secure collateral and support liquidity. Basically, BOND collateralizes underlying assets and represents the pooled assets of an index.

Bonded points out that the excitement about DeFi — at least on the surface — is driven by speculation and memes. However, the real DeFi — its heart — is the ability to experiment with trustless incentives and governance over protocols that people care about. In doing so, one can create stable and sustainable yield instruments.

What Attracted Bonded to Jigstack?

According to Bonded’s announcement, the project was attracted to Jigstack due to the pending launch of our 1st DeFi protocol, Lemonade.

We created Lemonade to help token holders earn a share of the revenue generated from crowdfunding. Meanwhile, it will also provide users with the right projects to invest in, and help those projects stand out from the rest.

The name Lemonade comes from the lemonade stand, which used to be many children’s first experience with conducting a business, and our goal is to seek out and deploy quality entrepreneurs whose first project may seem just as small and help them expand it.

We are aware of the fact that the DeFi sector, and really the entire crypto industry is still too chaotic, too difficult to understand. A lot of projects think they are doing good by trying to bring transparency to finance or take the power away from banks.

In reality, they are trying to grab the money for themselves without giving anything useful in return. DeFi growth has brought a unique opportunity to change the way money works, and it would be a shame to see it wasted only so that some people could get rich.

What we are looking for is quality, and that is what brought Bonded to us, as the project believes that such processes are important for creating and maintaining a permissionless environment. Essentially, the entry barrier should always be low, but that doesn’t mean that the quality of projects should drop. Lemonade will seek out quality projects and ensure that they will get their voice in this competitive sector.

How can our community benefit from the partnership?

The partnership with Bonded is very important to us because it will bring a lot of benefits for our token holders. A number of new features and functionalities will become possible and available now.

For example, thanks to Bonded, we will now be able to add liquidity, which will boost the ecosystem. Then, we will also be able to reduce the risks, while improving the chances of success for any altcoin that we get to launch on Lemonade, once the platform is ready to start supporting new projects.

Bonded Finance’s support will automatically make it more successful and useful to our clients, as well as our community. The projects will see an automatic boost in value, from which everyone will benefit.

Jigstack will see some benefits of the partnership, as well. For example, we are expecting to see more revenue flow into our ecosystem, thanks to the fact that Bonded uses Ethlink.

What is Jigstack?

Jigstack provides value to DeFi and tokenization enthusiasts through uniformity, quality assurance, and user empowerment. By embracing the Decentralized Autonomous Organization model, the team creates an umbrella that encompasses multiple projects generating a revenue stream, including DeFi token launchpad Lemonade and a decentralized marketing and affiliate solution called Ethlink.

Why You Need To Own $STAK

We want to highlight our native $STAK token. Holders of this asset have authority over the network and can partake in community governance through the Jigstack DAO.

All activity taking place on the network will offer rewards to $STAK holders, including transactions, campaigns, et cetera. Our token has an unprecedented potential dividend residual. The network will take, of all the native tokens of the protocols born under the Jigstack umbrella, a 1% cut, redistributed. If $ 100 million is raised through Jigstak Umbrella for a token sale, a total of $ 1 million of that capital is distributed to all $ STAK token holders.

Stay tuned

Website: https://jigstack.org/

Twitter: https://twitter.com/jigstack

Telegram Group: https://t.me/jigstack

Telegram Channel: https://t.me/jigstackANN

Linkedin: https://www.linkedin.com/company/jigstack/

Github: https://github.com/jigstack-dev