Nov 16, 2020
Bonded To List REN
As a supporter of DeFi on the whole, Bonded Finance recognizes that this burgeoning space has the power to revolutionize institutional banking and upend their exclusionary infrastructure. To democratize finance and truly make it open, collaborating with those leading the charge will always be our aim. It is for this reason we are proud to be listing REN as one of the first assets on our debut instrument, the Accelerated Crypto Loan or ACL. Ren’s virtual machine offers a practical interoperability solution—a network that can scale and provides developers the opportunity to bring cross-chain functionality to their DeFi applications. From a development standpoint, we have had the fortune to engage with them and of course are impressed with their ability to bring cross-chain assets to Ethereum. This alone will expand the utility of DeFi and introduce larger collateral types into the ecosystem.
Given the great future of DeFi and our desire to both collaborate and contribute, Bonded will endeavor to offer REN holders with:
- Access to our Accelerated Crypto Loan protocol
- Opportunity to loan and borrow the REN token
- Capital resources
- Increased utility — earning potential in upcoming products
- An opportunity to earn as you HODL
- Drive demand by removing tokens from circulation
- Ability to earn liquidity incentives and BOND tokens
The infrastructure building, streamlining and scaling that is taking place in DeFi today is laying a foundation across the board for alternative coins. Technologies that can demonstrate earning power, provide holders with sustainable benefits and support the space will be among the primary drivers of evolution. At Bonded, we are empowering altcoins to realize this value and give them unfettered access to progress in a fashion we all believe is possible.
About Bonded
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.
