The future of indicized DeFi products may be forthcoming. What Polylastic is doing is not apparent to many but if you look under the hood, it is taking the very best of traditional finance, bringing it to crypto and making it better.
Historically, indexes are the safest, most profitable ways to capture upside in a market place but it’s static and most typically, the assets are in relatively mature marketplaces. Polylastic is an aggregator with a focus on DeFi products. Basically, they are out scouring the space for up-and-coming projects, bringing them together, exposing them to new community (including their own) and then throwing down a gauntlet to say, “show me the money.” It’s a token that stakes to show support and gain weight in the index for a project, it’s an index that can help create success for the assets they hold and with Bond, are looking to take it a step further.
The Bonded Solution
One of Bonded’s smart instruments is to bundle altcoins into a basket, mint synthetic Ethereum or USB (the Bond stable coin) against them, and put that money to work. It is something of an index-style product in its own right but Polylastic is committed to holding their assets as they are staked/voted in versus users opting in and out. With some vibrant discussions under our belt, a more integrative cross chain solution could well work. We’ve come together to explore how the assets of Polylastic and the POLX token can be utilized in our smart contracts so the tokens can have their own earning power. While there is a degree of technical challenges—establishing value ratios for new projects and how things might be affected during rebalances—we believe that there is too much synergy to overlook. We are entirely complementary projects with a vision to make DeFi accessible and user-friendly.
The traditional index fund coming to crypto is not entirely new. To date, most of the initiatives are largely tepid though projects like DPI are showing us what is possible. Still, it is not something that has taken root as yet and what Polylastic is doing as an aggregator, marketer and truly an ecosystem builder is a level of innovation we have not seen. These are our beloved altcoins and specifically, builders and supporters of DeFi, specifically the forthcoming products that are going to redefine money and set it on a far better, globally inclusive course.
Bonded of course is here to help some of the truly alternative altcoins flourish and realize earning power. We are here to reward communities through incentivization by way of borrowing/lending to continue to support what we believe in. Projects like Polylastic are genuine champions of the space and we are very happy to know and support them.
The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven financial instruments that push the bounds of open finance. Bonded 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 leverage assets and realize their value.