
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.
PROJECT OVERVIEW
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. With smart contracts and dynamic excess collateral
mechanism ‘Loan-to-value ratio (LVR)’ inspired by the Reserve bank of New Zealand,
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.
However, there is still no more information about altcoins risk control mechanism from the
team.