TI Rating Report - Bonded Finance

TI rating report gives an authoritative and fair rating to all projects.Bonded Finance is a decentralized lending protocol called Ionic (formerly called Accelerated Crypto Loan, ’ACL’), which is based on Ethereum blockchain. This protocol allows users providing idle assets (especially altcoins) to liquidity pools for yields, or borrow assets from pools for personal use. Bonded Finance is committed to optimizing capital utility in any digital asset environment to create a dynamic, money market ecosystem that offers exotic new products, reduces risk, while increasing yield and financial sustainability. As of 24th Dec 2020, Bonded Finance has got $2.25M investment and listed series of altcoins, and its governance token BOND has been listed in the BitMax and Uniswap (v2) exchanges for trading. For the moment, the team of Bonded Finance are preparing for auditing, updating network earning model and liquidation mechanism, and doing pre-staking for product releasing. Their first version of lending product is expected to release in early 2021. The team does not disclose more details about altcoins risk control mechanism, forward roadmap, code, code audit, amount of users, and License information, etc.