[ANN][BOND]$BOND is BarnBridge. LISTED ON COINBASE AND BINANCE. Come Join!!

[Miiike]

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It should be kept in mind that the total supply is 10 Million out of which a little over 2 Million are in circulation. The locked USDC/sUSD/DAI on the Pool 1 divides 32000 bond each week amongst the stakers. Those who provide liquidity on Uniswap (Pool 2) divide 20,000 per week amongst them. The risk-free Bond staking pool (Pool 3) divides 5000 tokens per week. This will come to an end on coming Sunday, Jan 31st. Post this, $BOND can be staked in DAO. With DAO launch, all of these things will be open to change as is the case with any other DAO.

Sorry, got a bit confused, current circulating supply is at ~2mil or is it around ~1mil (I got this number from your website). And still about token unlocking, the one you referred to end by 31 Jan is the token allocated for community, the 68% ones?

My mistake Miike. The current circulating supply is around 1 mil like you said.

The last epoch will start on 31st. This will be the last week for Pool 3 and we will have the launch of DAO after hopefully the audits come back clean. The actual distribution of the token will continue for 100 weeks starting from October 19th, 2020. You don't have to worry as that 68% distribution to community is well into the future..

Oh, I see. So the 100 weeks gradual release is not just for team allocation, but for community allocation as well. Understandable and quite fair.

One thing, though, a lot of projects with long gradual token unlocking are facing a situation where their token were stuck at one price because once the token price goes up, an unlock happen and "flooded" the total supply. It triggers a panic sell and price goes back down. And, this happens over and over. Departing from this argument, wouldn't it be better to sum those unlocking stages into smaller waves? Although the smaller waves means a bigger amount of token "flooding" the market.

[amishmanish]

One thing, though, a lot of projects with long gradual token unlocking are facing a situation where their token were stuck at one price because once the token price goes up, an unlock happen and "flooded" the total supply. It triggers a panic sell and price goes back down. And, this happens over and over. Departing from this argument, wouldn't it be better to sum those unlocking stages into smaller waves? Although the smaller waves means a bigger amount of token "flooding" the market.

The distribution of $BOND is happening in waves just like you say. But i understand what you are talking about. Even with this gradual unlocking, with almost all projects a stage comes when speculators are holding a lot of coins and just waiting to sell the news. The team cannot avoid speculators holding it or trying to take profit. This is unfortunately the case with most of DeFi right now and the first priority is 100X returns and not the project.

The strength of any project is thus a community of people that actually understands and cares for the product and not just for the return. The BarnBridge team is looking to launch products which will actually democratize risk management which has been the niche for established players till now. That is a humungous but worthy target. Most people are too short-sighted to see opportunities in front of them. This is why that despite the efforts to democratize, you only end up with a very few enthusiasts at the top.

I think that is just the natural course of thing. Most projects try but they cannot do much about it. The other problem is the "Rich getting richer" syndrome. Finding a solution to this is pretty much the "holy grail" of democratization.

[Miiike]

--snip--
The strength of any project is thus a community of people that actually understands and cares for the product and not just for the return. The BarnBridge team is looking to launch products which will actually democratize risk management which has been the niche for established players till now. That is a humungous but worthy target. Most people are too short-sighted to see opportunities in front of them. This is why that despite the efforts to democratize, you only end up with a very few enthusiasts at the top.

I think that is just the natural course of thing. Most projects try but they cannot do much about it. The other problem is the "Rich getting richer" syndrome. Finding a solution to this is pretty much the "holy grail" of democratization.

Yes, I couldn't agree more about this, many projects seems to be failed to see the importance of solid community. Several would even treat their community like second or third thought, failing to realize that those same people could destroy price if not attended. As well as I also believe that strength in numbers is also applied to some degree here. And with these thought said, what rough plans does barnbridge's team has in mind to boost their community's loyalty?

[amishmanish]

The BarnBridge DAO has been activated after the threshold for 400,000 BOND staked was crossed. The TVL sits at 530 Million out of which 26 Million are in the Governance pool. Please note that these values can change based on the price of the $BOND token.

The DAO can now discuss proposals that are beneficial to the platform. The threshold to submit a proposal is quite high as you need at least 1% of the staked bond to create a proposal. Yet, you can vote and contribute towards the discussion. The product launch in the form of SMART Yield is awaited from the team.

And with these thought said, what rough plans does barnbridge's team has in mind to boost their community's loyalty?

I have talked to the team about rewards programs and waiting for their response. Will update as soon as something comes up.

[epis11]

Is there any other way to earn BOND tokens beside providing liquidity? I did not tried some farming before because of very high fees in multiple transactions needed before you can farm a token, and Is there any plans to change ethereum chain to bsc which is more cheaper fees.   

[amishmanish]

Is there any other way to earn BOND tokens beside providing liquidity? I did not tried some farming before because of very high fees in multiple transactions needed before you can farm a token, and Is there any plans to change ethereum chain to bsc which is more cheaper fees.   

For the time being, there are three ways to earn but all involve putting something at stake:

1. Stablecoin staking: You can stake USDC/sUSD/DAI and earn a proportion of the reward. There are lot of whales staking in this pool so rewards are low. The pool has around 530M USD staked which earns 32000 BOND per week. So if you stake 1000 USDC, you will get (1000/500,000,000) * 32000 = 0.064 BOND per week ~3 USD per week. These pools are essentially risk-free except the smart-contract risk.

2. LP on Uniswap: 1000 USD worth of LP on Uniswap will get you 0.6 BOND per week ~ 30 USD. This of course has the IL and associated fees for staking, swapping, buying.

3. BOND Governance staking: The governance pool has 610,000 total BOND as reward or 50 weeks. This means, each BOND will earn 1.18 BOND in 50 weeks if the total staked bond remains at the current 512K.

Apart from Staking, the BOND community is open for anyone to contribute. The community will decide upon the rewards through governance voting. The parts are all there. It is hoped that the next set of buidlers and contributors will find a place in a natural manner.

[amishmanish]

LATEST UPDATES:

• The Smart Yield product has been online with Compound, AAVE and CREAM. The DAO has voted for additional rewards in the form of $BOND tokens for these pools and the APRs are pretty juicy as on time of posting for depositing stablecoins.
  
  
• The BOND token was listed on Gemini exchange.
• The BarnBridge team selected a group of community members to act as the Integrations team. They have been doing good work of managing the Discord and providing latest updates. The Substack called BarnBurner is the best place to get those updates.
  

The best place to get in touch and be a part of the community is the Discord. If you have a bent for learning about financial products or are already knowledgeable about them, then you can be an important member in a short time. We are always looking for sincere inputs and discussions over there. Come Join Here.

[amishmanish]

LATEST UPDATES

A lot going on with BarnBridge. Slowly and steadily building up the money legos and the bridges between Traditional Finance and DeFi. Here is the latest:

1. Listed on Coinbase and launch of Coinbase Earn campaign.

2. Listed on Binance. Read the Binance Research report here.

3. Launch of Smart Exposure: The latest product offering from Barnbridge allows users to maintain constant positions between two assets. Currently it supports WETH/WBTC and WETH/USDC.

4. Soon to Come: Smart Yield on Polygon network to lower the fees for taking up Senior and Junior positions.

Always remember, $BOND is BarnBridge and you can always find the latest updates on the BarnBridge Substack and the discord group.

PS: Keep watching this Space..