The vesting schedule is designed so that there is not a giant cliff waiting over users heads at a specific point. The tokens allocated to the Founders, Seed Investors, and Advisors are locked in a smart contract that releases the tokens on a weekly basis over a two year period. The vesting period starts with the launch of the Yield Farming mechanism. Learn more.
The distribution breakdown is designed to facilitate the most decentralized protocol and make sure power doesn’t reside in the hands of a few.
Token Distribution: - 60% Community - 8% Yield farming - 12.5% Core Team - 7.5% Investors - 10% DAO Treasury - 2% Advisors
Total amount of $BOND tokens: 10,000,000.
Token contract address: 0x0391D2021f89DC339F60Fff84546EA23E337750f
The Founders, Seeders, and Advisors are using an Aragon DAO Company Template which uses transferable tokens to represent ownership stake. Decisions are made based on stake-weighted voting. The native token of the LaunchDAO is will be $BBVOTE.
The Founders will receive 45%, Seeders will receive 45%, and Advisors will get 10%. The support will be set to 62%, which means more than 62% of the voting shares need to be present at a vote. The minimum will be set to 62%, meaning for a proposal to be passed it must be approved by at least 62%. The funds from the seeders and the initial supply of the $BOND token will be kept in the Launch DAO treasury.
You can find the LaunchDAO here.
BarnBridgeDAO will be the DAO that is controlled by the $BOND community. The BarnBridgeDAO will have full control over the protocol and the features that are built into it. BarnbridgeDAO will be the final protocol DAO.
LaunchDAO is a temporary DAO consisting of the project founders, seeders, and advisors for building the initial version of the protocol. LaunchDAO uses a $BBVOTE token.
BarnBridgeDAO is going to be the final DAO where the community can vote with their $BOND tokens. The BarnBridge DAO will become the core component of the BarnBridge Platform as it enables decentralized decision making to enforce actions in the interest of the community.
The whole DAO setup is done to solidify the path towards Smart Yield Bonds. This is the first DeFi product of the BarnBridge Platform. BarnBridge will be a fully autonomous organization where the community decides what we do and where we go. It means that the protocol will be as fluid and fast moving as the community.
We do have a Telegram group but we’re currently building community on Discord.
$BOND is an ERC-20 token. It will be used to stake in the system, and as a governance token when the governance module is launched. As it conforms to the ERC-20 standard, the $BOND token is tradeable on any exchange and storable on any wallet - allowing anyone in the world to access it.
BarnBridge Non-Fungible Tokens, also taking the ticker for $BOND, may be and will likely be completely pointless outside of being cool and fun. Every $BOND NFT is one of a kind. There may be similar ones in the collection but no 2 are exactly the same. Downstream, we’ve seen DeFi projects propose using NFTs as proof of liquidity in income streams & wrapped NFTs as loan representations. With almost every high profile DeFi project experimenting in one way or another, the point is clear: DeFi is looking into NFTs. While we’ve been looking at what NFTs mean for DeFi, at the moment, we’re just paying attention.
$BOND is a contract for 200 (two hundred) fully compliant ERC-721 tokens minted by InfiNFT and viewable on OpenSea here: https://opensea.io/storefront/barnbridge-non-fungible-token
The Yield Farming staking contract is the first mechanism delivering initial $BOND token distribution to the community. This contract will hold 8% of the total supply and will be distributed to community members who stake DAI, USDC, & sUSD.
Stablecoins - specifically DAI, USDC, and sUSD.
Yield Farming staking contract will hold 8% (800,000 $BOND tokens) of the total supply and will be distributed to community members who stake DAI, USDC, and sUSD.
No, even though the tokens value can fluctuate, the pro rata reward is determined by the number of the tokens so 1 DAI will get you the same as 1 USDC or 1 sUSD of $BOND.
The concept behind the Liquidity Pool Incentivization initiative is to reward long-term liquidity providers with progressively more power over the protocol as they continue to signal their belief in the BarnBridge vision. Participants who believe in the vision represent the community, we hope, will gain significant control over the protocol’s long-term evolution, and are therefore the users who should be rewarded with the most plentiful harvest.
This initiative will be granted 20% (2,000,000 $BOND tokens) and each epoch will have 20,000 $BOND tokens to start. The Liquidity Pool Incentivization initiative will run for 100 weeks and each epoch will last 1 week. At the end of the epoch the user can harvest their $BOND.
You must stake the uniswapv2 BOND/USDC LP token (USDC_BOND_UNI_LP) on BarnBridge platform and earn $BOND rewards out of that.
Liquidity mining in the BarnBridge ecosystem is a two-phased liquidity mining program that will be releasing staking contracts with distinct specification around $BOND token distribution:
Yield Farming - The first mechanism delivering initial $BOND token distribution to the community will be the Yield Farming staking contract. This contract will be distributed to community members who stake DAI, USDC, & sUSD. We chose these three stable coins (DAI, USDC, sUSD) because they will serve as the initial set of yield-producing assets utilized in our first product, the SMART Yield BOND. Participants can harvest their yield at the conclusion of each epoch. Each epoch will last 1 week, and an equal number of $BOND tokens will be distributed during each epoch.
Liquidity Pool Incentives - After the first epoch (1 week) of the Yield Farming program, we will offer the ability to harvest your spoils and migrate to new fertile soil in part 2: Liquidity Pool Incentivization. The concept behind the Liquidity Pool Incentivization initiative is to reward long-term liquidity providers with progressively more power over the protocol as they continue to signal their belief in the BarnBridge vision. We will again be using the uniswapv2 BOND/USDC Liquidity Pool token (USDC_BOND_UNI_LP) as a means to reward liquidity pool providers a massive incentive to bootstrap protocol liquidity. The Liquidity Pool Incentivization initiative will run for 100 weeks and each epoch will last 1 week. At the end of the epoch the user can harvest their $BOND. This initiative will be granted 2,000,000 $BOND tokens and each epoch will have 20,000 $BOND tokens to start.
Tranches are pieces of a pooled collection of securities, usually debt instruments, that are split up by risk or other characteristics in order to be marketable to different investors. Tranches carry different maturities, yields, and degrees of risk—and privileges in repayment in case of default.
This is the first DeFi product of the BarnBridge Platform designed to mitigate interest rate volatility risk using debt based derivatives.
Currently, the decentralized financial system is primarily offering variable rate annuities. However, the ability to structure yield into fixed rates will come in the form of locked collateral with maturity on repayments, or bonds, as well as fixed rate yields with no maturity, or annuities. We don’t believe this to be a novel idea & we believe naturally that these types of products will come to DeFi over time. However, the types of derivatives & complexity reduction in financial planning you’ll be able to structure and implement with the existence of fixed yield in smart contracts will be mind blowing to traditional financial markets. Learn more.
Market Price Exposure Risk Mitigation using tranched volatility derivatives.
The SMART Alpha bonds will not be structured via traditional yield tranches but instead with various levels of market price exposure, which we will call risk ramps. The idea is that every bucket or tranche of price exposure does not need to be flat across the entire risk curve, meaning the first $100 of price exposure does not need to deserve the same upside and downside volatility. This is similar to having fractional ownership but with different risk/reward for the fractions. Learn more.
Yield Farming is the first mechanism delivering initial $BOND token distribution to the community. This contract will hold 8% of the total supply and will be distributed to community members who stake DAI, USDC, & sUSD. This is only phase one of Liquidity Mining.
Phase two is the Liquidity Mining Incentivization Program. This initiative will be granted 20% of the total supply (2,000,000 $BOND tokens) and each epoch will have 20,000 $BOND tokens to start. This will last 100 weeks.
1. Stake Stablecoins (DAI/USDC/sUSD) and earn $BOND. 2. Provide liquidity on Uniswap w/ earned $BOND and USDC. 3. Get LP tokens & stake them on #BarnBridge. 4. Earn $BOND rewards for staking LP tokens.