BarnBridge's Token $BOND Hits the Markets, Goes Up by 300% in Under 12 Hours

BarnBridge's Token $BOND Hits the Markets, Goes Up by 300% in Under 12 Hours

By Abhimanyu Krishnan | News | 26 Oct 2020


The BarnBridge project’s BOND token has increased by over 300% in 12 hours on October 26, following the end of the staking pool’s first epoch on October 26.

  • The project released rewards in the form of 32,000 BOND tokens to stakers following the end of the first epoch; The BOND token is currently priced at ~$134
  • BarnBridge co-founder Tyler Scott Ward has warned investors to be careful about allocating capital, and to avoid joining pools with unaudited smart contracts
  • Described by the team as a“fluctuation derivatives protocol”, it has been received well by the community, reaching $100 million in TVL in just 5 days following its launch on October 14
  • The tokenized risk protocol is used for hedging yield sensitivity and market price
  • Listed products include smart yield bonds and smart alpha bonds, which are used to tackle interest rate volatility and market price exposure risks respectively

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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