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Bondly Finance: A Comprehensive Overview

Bondly Finance is an innovative Defi ecosystem that offers a wide range of products to facilitate digital payment operations. It provides a convenient way to communicate through messaging services and social media platforms.

The launch of Bondly Finance occurred on Polkadot in September 2020.

Bondly Finance: Exploring Its Product Line

The BONDSWAP (BSWAP) Solution

The BONDSWAP platform, similar to Binance OTC trading portal, enables over-the-counter (OTC) wallet-to-wallet transfers through smart contract signing. It operates on-chain and is compatible with any chat client across different blockchains. Bondly supports all ERC-20 tokens and NFTs (Ethereum).

With BSWAP, users can:

• Safely sell large orders of low-liquid tokens without the risk of slippage
• Create their own NFT marketplace by mining tokens, setting prices, and posting them on their media platforms for users to purchase
• Purchase property using Debit/Credit cards (via a third-party partner)
• Send smart links in Telegram to their favorite users or groups

BOND DEX: A Decentralized Exchange

BOND DEX is an interactive and user-friendly decentralized exchange (DEX). Participants in the Liquidity Provider (LP) program receive a portion of the trading fees and APY rewards. The pricing engine of BOND DEX compares different cross-chain swap options and selects the most suitable one for users.

Authentication is performed directly in the user's Web3 browser (with Metamask) or a Native wallet based on polkadot.js.

With BOND DEX, users can:

• Trade native assets on Polkadot with USDC on Ethereum
• Receive recommendations for the most cost-effective transaction route

BOND PROTECT (BPROTECT): Empowering Buyers and Sellers

BOND PROTECT is an innovative product offered by Bondly that has a significant impact on the e-commerce market. It provides decentralized escrow and buyer protection for customers in the crypto market.

PROTECT replaces website-specific crypto escrow products with an easy-to-use API and fully smart contract-driven solution.

By joining the Bondly network, market vendors can demonstrate their readiness for BPROTECT and display their on-chain transaction history.

The "Buyer Protection" feature ensures customers are secured with collateral, similar to what major marketplaces offer. Initially, marketplaces selling digital goods like domains and in-game items, which already support crypto payments, will be the primary users of BPROTECT.

With BPROTECT, users can:

• Enhance buyer confidence by ensuring prompt delivery of purchased properties
• Request sellers to use this method for added trust as a buyer
• Sell an OTC asset that they don't currently possess (e.g., pending a test) by escrowing collateral in the Bondly Network
• Set up recurring payments from individuals to vendors, deducting the amount monthly from their accounts. This is similar to a fully crypto-funded Netflix subscription.

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