You should always do your own due diligence and research before you enter into any project.
Barn Bridge on Ethereum - This place is doing a lot of interesting stuff.
#1) You can stake USDC, DAI, and sUSD to mine BONDs (Barn Bridge's native ETH token). I love this for many reasons but the #1 being, no impermanent losses. Since the value of USDC / DAI is always roughly $1, there is no risk. So you just stake in the first pool and make your money work for you.
HEADS UP: Due to gas fees, it may or may not be worth it to enter now. The pool has over 400M in total staked value, so even a 100K investment won't bring a lot of yield. And since it is NOT based on people paying an entry/exit fee, there is no yield being generated from being first or last. And I believe there is 2 weeks left for this pool until it closes out. (sorry I only discovered Publish0x a few weeks ago, would've posted sooner).
#2) it also has a bond pool, where you can take the BONDs you got from mining in pool 1, and put into a pool for just BONDs. Again, you earn Bonds on your Bonds.
#3) It has a LP staking pool for adding liquidity to the ETH/Bond LP pool in UniSwap. You earn Bonds by depositing your Uni-V2 LPs into the pool.
#4) It's launched crypto NFT smart bonds (actual bonds, not the token) with two levels. Junior and Senior. I think their website would do a better explaining than I could, so go check out their website. https://docs.barnbridge.com/how-to-guides/smart-yield
This platform's token price has been reasonably steady compared to other DeFi projects. It's exploration of turning crypto bonds into NFTs is going to be a nice boost for the token price. And to my knowledge, no other DeFi platform gives the Senior / Junior dynamic that Barn Bridge offers.
Its "competitor" at least in the crypto bond space is Sync. You can also mint, buy, and sell Sync bonds with different underlying collaterals. Upon maturity you're paid in Sync + underlying collaterals value.
So it boils down to how much you like each project. For me, Barn Bridge offers a bit more versatility with its token. And yes I understand token supply, and ownership are also key factors. But I honestly don't know enough about Sync's token distribution to make a decision based off tokenomics.
Your DeFi farmer,
Old Grey Fox
As always : THIS IS NOT INVESTING ADVICE. DO YOUR OWN DUE DILIGENCE AND RESEARCH. THIS IS JUST ME SHARING MY STORIES AND views / news updates.
https://www.publish0x.com?a=JxboYq4Keg Sign up link for any readers who want to join this fun community.
Alphanova.crypto
Above is the .crypto address for anyone who wants to shoot me some cheddar for my thoughts. Please no BTC or ETH. Network fees are killer. Stick to LTC, XRP, ADA, or TRX. The last 3 are almost free in terms of network fees. Remember - no matter how much you send anywhere, choose a coin that's low in network fees. Anything besides ETH / BTC really...
And if you happen to be a Publish0X admin reading this, PLEASE CAN YOU GIVE US THE OPTION OF BEING REWARDED IN TRC-20 tokens vs only ERC-20 tokens? It's going to cost me $5+ to send the $1 which I have yet to earn from eth wallet to anywhere else.
PLEASE IMPLEMENT NON-ERC-20 tokens as rewards. THANKS!
