BondAppetit — the first DEFI protocol (as of April 2021) with stablecoins, fully secured with real assets with a fixed periodic income. Companies can occupy money (both in the fiat and cryptocurrency) on the Protocol, providing fixed-income bonds as security. Bondappétit is part of the Ethereum Defi ecosystem.
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About the BondAppetit project
BondAppetit — a DEFI protocol with stablecoins, fully secured with real assets with a fixed periodic income (bonds). Unlike most other DEFI protocols, real cash flows are within the protocol. Traditionally, large and medium-sized companies receive money at the expense of banking and bond financing. Thanks to the global coverage and medium free of intermediaries, the cryptocurrency market can become a new source of financing in the near future.
However, in its current state (as of April 2021), the Defi lending market is a bad choice for established enterprises. Most protocols suffer from instability and excessive security, which makes them non-competitive for medium and large business, compared to traditional banking and bond financing. Bondappetit is determined to solve these problems and discover new access opportunities to a completely new liquidity source.
Some features:
| 1 | The main asset inside the protocol ecosystem - the native stablecoin - Bondappétit USD (USDAP). |
| 2 | The price of USDAP is always equal to 1 dollar. |
| 3 | Token is issued only if there is sufficient support in the protocol. |
In addition to the provision of a completely new product for DEFI and traditional markets, developers seek to make a USDAP one of the most popular stablecoins on the market and become one of the main pillars of cryptoeconomics. Real provision prevents excessive provision of the Protocol and ensures the stability of the asset even at the time of high volatility in the cryptocurrency market. Real provision allows the protocol to obtain a fixed periodic income, which can be distributed between the tokens holders within the framework of the stimulation mechanisms, established by the community.
Additional information about crypto new project
The site has a WhitePaper document. With it, you will familiarize yourself with the platform in more detail. The project itself is decorated in English. The community actively leads and promotes social networks:
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