Waves partners with Bonded
The collaboration aims at making the DeFi space more inclusive and accessible.
Waves is entering a partnership with the Bonded platform, which will begin with the listing of WAVES ERC-20 token on Bonded, while broader collaboration opportunities are envisaged for the future. As a result of WAVES ERC-20 integration into the Bonded network’s smart instruments, the token will serve as collateral in Bonded smart contracts.
The Bonded platform is making use of algorithmic models to lock, unlock, aggregate and de-risk capital. The platform is developing yield farming products, as well as products based on commodity index — an instrument that’s been long available in the traditional financial markets, but is still new for the crypto space.
The first integration stage will offer WAVES holders the following advantages:
- access to Bonded’s Accelerated Crypto Loan protocol
- access to extra liquidity for the WAVES ERC-20 token
- earning from liquidity in BOND tokens.
At a later stage, integration between Bonded and the Gravity network will be achieved. As the two ecosystems grow, Bonded will get access to cross-chain assets on Gravity and, therefore, will be able to parse data from all connected chains and use it in its index products.
“Waves shares Bonded’s approach of making the DeFi space inclusive and accessible by mass users thanks to the arrival of new products,” says Sten Laureyssens, strategic advisor for the Waves Association. “Our philosophy of true blockchain agnosticism is also similar to that of Bonded.”
The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven, financial instruments that push the boundaries of open finance. Bonding is an algorithmic model that aims to unlock, aggregate and de-risk 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.