2️⃣Features & uses
benefits that come with bond finance
The Bond Finance Project development team has coordinated all of these elements together so they work seamlessly behind the scenes.
The result is a simple and elegant staking and rewards system for $BND. holders.
The BOND PROTOCOL uses a complex set of factors to support its price and the Staking rewards. It includes the $BNDc.
the uses of BNDc will be and not limited to
A store of value
A medium of exchange
A unit of account
A standard of deferred payment
$BNDc has properties and use cases designed to serve these functions.
$BNDc as a Store of Value
A store of value is an asset that keeps its value without significant depreciation over time. Because $BNDc is designed to function as a store of value even in a volatile market.
$BNDc as a Medium of Exchange
A medium of exchange is anything that represents a standard of value and is used to facilitate the sale, purchase, or exchange (trade) of goods or services. $BNDc is used around the world for all types of transactional purposes.
$BNDc as a Unit of Account
A unit of account is a standardized measurement of value used to price goods and services (e.g., USD, EUR, YEN).
Currently, $BNDc has a target price of 1USD (1 $BNDc = 10 USD). at time of launch
While $BNDc is not used as a standard measurement of value in the off-chain world, it functions as a unit of account within the Bond Finance Protocol and blockchain dapps, whereby Bond finace Protocol accounting or pricing of dapp services is in $BNDc rather than a fiat currency like USD.
$BNDc as a Standard of Deferred Payment
$BNDc is used to settle debts within the Bond finance Protocol (e.g., users use $BNDc to pay the stability fee and close their Vaults). This benefit separates $BNDc from other assests
Collateral Assets
$BNDc is generated, backed, and kept stable through collateral assets that are deposited into bond Vaults on the band finance Protocol.
A collateral asset is a digital asset that BND holders have voted to accept into the Protocol.
To generate $BNDc , the BOND FINANCE Protocol accepts as collateral any BEP20-based asset that has been approved by $BND & $BNDc holders.
$BND & $BNDc holders must also approve specific, corresponding Risk Parameters for each accepted collateral (e.g., more stable assets might get more lenient Risk Parameters, while more risky assets could get stricter Risk Parameters).
Rewards mint/stake [$BNDc] & [$USDB]
The Bond Finance Project innovative team has invented an app that will allow you to mint/stake assets that you want when launched example if you check our app, you will be able to mint Bond finance Cash [$BNDc.] assets and bond finance USD[$USDB.] all of these is to reward the holders of $BND.The result is a simple and elegant staking and rewards system for $BND. holders.
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