Waves To Partner With Bonded Finance
As one of the most long-standing and established Layer 1 platforms, Waves open blockchain protocol is at the forefront of platform technologies with their development toolset for Web 3.0 applications and decentralized solutions.
Bonded feels fortunate to be collaborating with Waves not only in terms of listing the Waves ERC-20 asset on our platform but on how we might partner in the future. Our approach is to make DeFi inclusive but also cooperative and accessible. True blockchain agnosticism is our aim as altcoins do not need to suffer from discrimination by virtue of their associated chain. There is too much at stake and we look forward to beginning what we believe will be a very fruitful relationship. This relationship will commence with an integration of Waves ERC-20 into the Bonded network’s smart instruments.
Wave’s Gravity network is of interest as their unique no-token blockchain approach creates an open ecosystem that not only has the capacity to scale but also looks to re-conceptualize on-chain assets altogether. For the end user, being able to connect to different blockchains while interacting with the native token is perhaps the needed foundation for interchain DeFi to truly thrive, now and in the future.
As a first step, Bonded will be listing the Waves token on our platform to be used as collateral in our smart contracts.
Given our respective interest in each other and of course to the cause of DeFi itself, Bonded will endeavor to offer Waves holders with:
- Access to our loan protocol, Ionic
- Opportunity to loan and borrow the Waves 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.
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.