Saffron Finance Announces Strategic Partnership with BonFi
This partnership aims to drive forward the future of risk management in DeFi.
We’re excited to announce that Saffron Finance is entering into a strategic partnership with BonFi. We have a specific objective in mind with this partnership: to build out the future of risk management in DeFi.
Risk Tranching Integration
BonFi and Saffron are in lockstep in the belief that risk tranching protocols will be integral to the next wave of DeFi innovation. BonFi will integrate Saffron’s tranche products into its BonVest as part of their upcoming platform release on April 15th.
Users can access Saffron’s product offering as part of BonFi’s Third Party DeFi offerings. Additionally, Saffron’s products will also be integrated with the BonAI.
You can find most up to date information about the project and its partners here. Be sure to read up and do your own research — they’ll be launching the BonFi V1 Platform on Thursday, April 15th.
What is BonFi?
BonFi is a multilayered open finance liquidity mining service platform complemented by BonVest. BonVest is a professional cryptocurrency liquidity mining solution that operates off-chain — utilizing data libraries and on-chain & off-chain analysis. It expands the DeFi financial product offering by combining smart contract staking and a managed cryptocurrency liquidity pool to achieve sustainable benefits for users.
Users can interact with the platform using any popular third-party wallet, including MetaMask and Wallet Connect. Their web3 app has full mobile responsiveness across Android and iOS devices.
The BonFi team is comprised of some incredibly talented individuals from a wide range of backgrounds — including data scientists that have extensive experience working on AI. In addition to BonVest, BonFi V1 will also feature BonAI. This artificial intelligence is designed to analyze different cryptocurrency projects and products based on variety of criteria and factors (market intelligence, social sentiment, platform statistics, network activity, etc.) to help users optimize their portfolios.
Risk Tranching Expansion
Besides the risk tranching integration, in the future we aim to strengthen our collaboration and incentivize users on the BonFi app to provide liquidity to Saffron. Our upcoming release of Saffron V2 will see an array of new features, innovative liquidity pools, Binance Smart Chain (BSC) integration, and more.
I personally am a huge enthusiast of this kind of emerging tech and very curious to see how it develops! We’re looking forward to their official launch on April 15th.
BonFi Socials
Website: bon.finance
Twitter: @bon_finance
Telegram: t.me/bonfiorg
Reddit: reddit.com/r/BonFi
Community Resources
Web3 app: https://saffron.finance
Telegram: https://t.me/saffronfinance
Discord: https://discord.gg/pDXpXKY
Twitter: https://twitter.com/saffronfinance_
Github: https://github.com/saffron-finance/saffron
