Bonded Partners With Orion Protocol

In high level terms, DeFi was borne out of the stranglehold that centralized banking placed upon ordinary denizens with their usurious practices and absence of returns. Moreover, governments have historically shown us that the mere act of saving money is a costly practice as inflation eats away at purchasing power. Open finance is being built from the ground up and promises a better tomorrow but it is not without its own requisite challenges.

Chief among these challenges is liquidity. In fact, pundits have described crypto itself as nothing more than a “fight for liquidity,” myopic though it my be. Still, it is not without some merit. Currently, crypto assets are distributed over some 700 exchanges and grappling for a finite amount of dollars. This is a problem. One of Bonded Finance’s aim is to aggregate dormant value so it can be realized. From an aerial view, it is easy to see the potential impact. Hodlers have a reason to hold once more, projects can break out of a trader dominated feedback loop, tokens can be removed from circulation, initiatives can access operating capital against their long-term holdings and more. Bonded is committed to worthy projects exercising their right and power to earn; thus we are creating smart instruments to provide that end.

Orion Protocol is solving the liquidity issue by aggregating the existing liquidity of the crypto market, in its entirety, onto a single decentralized platform. Their flagship Orion Terminal aggregates all major exchange liquidity into a single, best-of-breed decentralized terminal. In their words:

“Orion Enterprise provides much-needed solutions for businesses in the space, including blockchains and exchanges...”

There were obvious commonalities in our respective missions and clear synergies. To begin, Orion Protocol’s liquidity APIs will allow for streamlined liquidation of assets available on the Bonded platform in order to:

  • Perform market wide sweep across every exchange in the market to efficiently handle potential liquidations
  • Strategically transact larger quantities of assets without associated risks
  • Allow more projects to qualify for listing on the Bonded platform

As liquidity becomes more accessible, it will enable the preservation of token value on the secondary market and allow more projects to participate on the Bonded platform.

Paul Mak, CEO of Bonded Finance, adds, “To have a single-source liquidity provider amidst this fragmentation is a small miracle. As we move forward, Orion’s solution will allow us to list more assets and provide smaller projects with needed support. It’s a win for the space.”

As a listed asset on the Bond Platform, ORN holders will be able to:

  • Access Ionic — Bonded’s lending/borrowing product
  • Loan and borrow the ORN token
  • Access capital resources
  • Increase their utility via ORN — earning potential in upcoming products
  • Earn as you HODL
  • Drive demand by removing tokens from circulation
  • Earn liquidity incentives

The identification of gaps is the wellspring of opportunity. Our ability to fill them efficiently and expeditiously is execution. Orions ability to amass trading data, collect liquidity and build out a compendium of available trading modalities is an ideal fit for Bonded Finance as we go to market. Our identified opportunity is to unlock untapped liquidity and value, doing everything we can to mitigate risk as we travel into unchartered but abundant waters. This is DeFi and it is collaboration that drives us forward. We are excited to be joining forces with Orion and look forward to a fruitful future together.

Alexey Koloskov, CEO + Co-Founder of Orion Protocol states, “With a shared mission of bringing greater liquidity, accessibility, and value to open finance, we’re proud to be partnering with Bonded Finance. This will enable ORN holders to further monetize their assets by unlocking even deeper yield generation opportunities, earn liquidity incentives, and loan and borrow ORN — all while furthering ORN’s utility within Bonded’s growing ecosystem.”

Built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one platform: providing a decentralized gateway to the entire digital asset market. In doing so, Orion is building a protocol on which to bridge the worlds of crypto, traditional finance, and real world assets.

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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.

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Decentralized financial ecosystem unlocking the dormant capital from traditional financial markets and all-tier cryptocurrencies. #DeFi lending & borrowing.

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Fringe Finance

Decentralized financial ecosystem unlocking the dormant capital from traditional financial markets and all-tier cryptocurrencies. #DeFi lending & borrowing.