DeFi

BarnBridge DAO Migrates To Arbitrum

Protocol for managing DeFi risk BarnBridge announced the migration of its DAO 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.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Solana DEX Trading Volume Hits $5B Daily for Three Straight Days

Solana DEX trading volume reached historic highs, exceeding $5 billion daily for three days. Raydium…

56 minutes ago

Phantom iOS Users Lost Recovery Phrase After Updating to New Version

Phantom iOS users are warned that a recent app update caused some users to log…

1 hour ago

Japanese Crypto Exchange Coincheck Gets Approval to Launch in the US

Japanese crypto exchange Coincheck is set to become the first Japanese crypto exchange to list…

2 hours ago

DOJ Investigates Polymarket for Alleged Illegal US User Bets

The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…

3 hours ago

Get Ready for a New Level of Excitement If You Missed Ethereum ICO: Qubetics Could Redefine Success

Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…

3 hours ago

A Missed Moment with Cardano? Here’s Why Qubetics at $0.0212 Could Be Your Perfect Timing – Explore the Best Crypto to Join Now

If you’ve been regretting missing out on Cardano, Qubetics ($TICS) might just be the ticket…

4 hours ago

This website uses cookies.