MobiFi teams up with Bonded Finance
MobiFi is excited to announce a partnership with the Bonded Network, a finance platform cultivating and deploying experimental, smart-contract driven financial instruments.
As one of Mobifi’s primary goals is to unlock unused mobility credit and turn it into a yield generator, we’re constantly on the lookout for promising decentralized finance (DeFi) services. In working with Bonded, we will provide access to “exotic” DeFi instruments, enriching MobiFi users’ optionality.
Collaborating with Bonded
MobiFi is forming the connective tissue required to sync disparate transportation service providers with consumers. We’re also working to unlock all of the funds currently rotting in transportation cards around the globe. A vital part of these efforts is connecting MobiFi to as many and high-quality DeFi services as possible. And in this sense, Bonded is an ideal partner.
Bonded’s platform was created to help extend the boundary of open finance. Bonded also has its own algorithmic model, known as “Bonding,” which aims to reduce risks, unlock, and aggregate the value that is distributed among smaller, untapped digital assets. Bonded offers accelerated crypto loans — issued against less liquid altcoins — allowing holders to unlock the borrowing power of lesser-known projects and long-term holds without needing to exit their positions.
There’s also its Line of Credit Index (LOC), a credit product explicitly designed for the crypto space. With the LOC, approved teams can request lines of credit issued against time-locked or otherwise committed tokens. This offers projects the ability to accelerate operations and growth and presents an entirely new framework for thinking about tokenomics. Bonded also offers unique synthetic assets with plenty more solutions to come.
Bonded has shown a willingness to support projects with solid communities that aren’t getting the borrowing and lending services afforded to “big name” tokens. In our initial phase, this can prove invaluable for MobiFi, and in general, we’re excited to explore new ways of enriching our user experience.
“We are very excited to have Bonded as our partner! They are developing future-driven financial instruments for open finance, which can provide access to our future mobility users to enjoy a freedom of choosing different kinds of investment products. The team will be actively exploring the opportunities with Bonded in the DeFi space. ”
— MobiFi team
“Mobifi, like many great crypto initiatives, makes us pause and take a moment to understand. Mobility as a service? Wow. As we turn our existing financial infrastructure on its head, breaking our entrained modes of thought is required. A project that identifies aggregated commuter dollars as an earning opportunity and hopes to optimize daily travel, is rethinking things in a way few can. We’re elated to support Mobifi in achieving their vision,”
—Paul Mak, Bonded CEO.
About Bonded Finance
The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven financial instruments that push the bounds of open finance. Bonding is an algorithmic model that aims to unlock, aggregate, and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to borrow against these assets or pool them and start earning.
Learn more about Bonded
MobiFi is a financial orchestrator for Mobility as a Service (MaaS). We’re building the transportation UX of the future — simplifying the mess of mobility services that many consumers face today while also allowing them to earn on their mobility credit. Once complete, our platform and tokenized payment system will boost mobility service provider efficiency and coax users into more sustainable transportation decisions.