BondAppetit is the first DeFi protocol with a stablecoin fully backed by real-world assets with fixed periodic income. Business can make loans from the protocol providing bonds as collateral.
The main asset inside the protocol’s ecosystem is the native stablecoin BondAppétit USD (USDap). The price of USDap is at a constant ratio of 1 to 1 with the US Dollar, and is always backed by sufficient collateral. To ensure transparency, the protocol updates the price of real world-assets based on several proven and recognized sources, such as Bloomberg and CBonds.
BondAppétit was built by a team of seasoned coders, lawyers, and financiers, who worked at and with the most well-known global corporations. The key founder is Artem Tolkachev, a former head of the Blockchain Lab at Deloitte. One of the advisers is Sasha Ivanov (CEO of Waves).