BarnBridge DAO Migrates To Arbitrum
Users must bridge their BOND from mainnet to Arbitrum and stake BOND to obtain xBOND in order to participate in protocol governance.
Furthermore, BarnBridge intends to shift liquidity from the mainnet BOND/USDC UNI V2 pool and Balancer’s OHM/BOND pool to Arbitrum.
The migration from Ethereum mainnet to Arbitrum, paired with the improvements the team has made to the governance systems, will expand the ability of the governance system to work at scale.
To participate in the BarnBridge governance, a user needs xBOND in their wallet, which can be claimed by staking their BOND tokens.
BarnBridge DAO is an initiative that grants voting rights to the BOND holders and lays the foundation for the protocol products. The It is the only source of minting products on top of the blockchain and launching them into the wild.
The DAO is governed by the BOND tokens and empowers the community by enabling decentralized decision-making on the BarnBridge protocol.
BarnBridge is a cross-platform risk management protocol that aims to reduce the risks associated with DeFi, such as inflation risk and interest rate volatility. BarnBridge’s SMART Yield pools the yield from lending protocols such as Aave, and splits it into tranches with different risk profiles. SMART Exposure allows user to passively maintain a specific ratio within an ERC-20 token pair, which can potentially outperform buy-and-hold strategies depending on market conditions.
The platform offers investments in senior and junior tranches, where senior tranche investors receive fixed interest payments and the remaining proceeds go to junior investors who can max out at higher interest rates but don’t have guaranteed payouts.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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