Bonded and MobiFi To Team Up
Bonded is excited to announce a partnership with Mobifi, an inventive platform that aims to unlock unused mobility credit and turn it into a yield generator. What makes this particularly interesting is not just the business of monetizing daily travel, but the identification of aggregated users and capital. This is DeFi at it’s core; take what exists and allow people to put their money to work.
Our Collaboration
Bonded and Mobifi are pushing the bounds of open finance as we strive to unlock and realize the value distributed amongst nascent and largely untapped digital assets. What they may not offer alone, collectively, they become quite potent whether it’s a basket of altcoins or the sum total of monies sitting in commuter cards. Bonded Ionic protocol allows holders to unlock the borrowing power of lesser-known projects and long-term holds without needing to exit their positions.
Our forthcoming Line of Credit Index (LOC), a credit product explicitly designed for the crypto space was also of particular interest to Mobifi and we see the potential to explore here. 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.
“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,” stated Paul Mak, Bonded CEO.
We have always shown a willingness to support inventive projects with solid communities and provide them with the borrowing and lending services afforded only to the staple projects in the space. Bond hopes to add value for MobiFi, while making our own network all the more varied and dynamic.
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.
“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. ” — Yudi Xu, MobiFi Project Lead
About MobiFi
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.
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.
