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

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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