TVL of Newly Released BarnBridge Protocol Crosses $100M Mark

TVL of Newly Released BarnBridge Protocol Crosses $100M Mark

By Abhimanyu Krishnan | News | 19 Oct 2020


Newly released tokenized risk protocol BarnBridge has garnered over $100 million in total locked in value, just days after its launch on October 14.

  • The BarnBridge protocol has seen over $100 million in USDC, DAI, and sUSD in just 5 days 
  • Yield farming and liquidity mining incentivization programs have begun today, on October 19th 
  • BarnBridge is a tokenized risk protocol used for hedging yield sensitivity and market price; the team also describes its function as a “fluctuation derivatives protocol” 
  • Initial products include smart yield bonds and smart alpha bonds, which help combat interest rate volatility and market price exposure risks respectively
  • The project raised $1 million in a seed funding round on September 11, with investors including Kain Warwick of Synthetix, Stani Kulechov of Aave and Andrew Keys of DARMA Capital

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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