🟢$USDB

The world’s first unbiased currency USDB is a stable, decentralized currency that does not discriminate. Any individual or business can realize the advantages of digital money.

Bond Finance PEG USD USDB.

Bond Finance USD token [ $USDB ] is a stable coin is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. $USDB is held in cryptocurrency wallets or within platforms, and is supported on BEP20 and planing on other popular blockchains.

$USDB is easy to generate, access, and use.

Users generate $USDB by now staking BND. Bond finance Protocol. This is how $USDB is entered into circulation and how users gain access to liquidity.

Others obtain $USDB by buying it from brokers or exchanges, or simply by receiving it as a means of payment.

Once generated, bought, or received, $USDB can be used in the same manner as any other cryptocurrency: it can be sent to others, used as payments for goods and services, and even held as savings through a coming soon feature of the bond finance Protocol USDB Savings vault (USDB SV).

Every $USDB in circulation is directly backed by excess collateral, meaning that the value of the collateral is higher than the value of the $USDB debt.

all $USDB transactions are publicly viewable on the BSC blockchain.

What Properties of $USDB Function Similarly to Money?

Generally, money has four functions:

  1. A store of value

  2. A medium of exchange

  3. A unit of account

  4. A standard of deferred payment

$USDB has properties and use cases designed to serve these functions.

$USDB as a Store of Value

A store of value is an asset that keeps its value without significant depreciation over time. Because $USDB is a stablecoin, it is designed to function as a store of value even in a volatile market.

$USDB 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. The $USDB stablecoin is used around the world for all types of transactional purposes.

$USDB 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, $USDB has a target price of 1USD (1 USDB = 1 USD).

While $USDB 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 $USDB rather than a fiat currency like USD.

$USDB as a Standard of Deferred Payment

$USDB is used to settle debts within the Bond finance Protocol (e.g., users use $USDB to pay the stability fee and close their Vaults). This benefit separates $USDB from other stablecoins.

Collateral Assets

$USDB 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 $USDB , 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).

Detailed information on Risk Parameters

These and other decisions of $BND & $BNDc holders are made through the bond finance decentralized governance process.

BOND Vaults

All accepted collateral assets can be leveraged to generate $USDB in the BOND FINANCE Protocol through smart contracts called BOND Vaults.

Users can access the BOND Protocol and create Vaults through a number of different user interfaces (i.e., network access portals),

Creating a Vault is not complicated, but generating $USDB does create an obligation to repay the $USDB, along with a Stability Fee, in order to withdraw the collateral leveraged and locked inside THE Vault.

Vaults are inherently non-custodial: Users interact with Vaults and the Maker Protocol directly, and each user has complete and independent control over their deposited collateral as long the value of that collateral doesn’t fall below the required minimum level.

$BND & $BNDc Responsibilities

$BND & $BNDc holders can vote to do the following:

  • Add a​ ​new​ ​collateral asset ​type with a unique set of Risk Parameters.

  • Change the APY of one or more existing asset types, or add new Parameters to one or more existing asset types.

  • Modify​ ​the $USDB Savings Rate.

  • Modify​ ​the $BNDc & $USDB Staking Rates.

  • Choose the profits from THE Bond finance assets.

  • Trigger Emergency Shutdown.

  • Upgrade the system.

$BND & $BNDc holders can also allocate funds from the Maker Buffer to pay for various infrastructure needs and services., including Dapps infrastructure etc.

The funds in the BOND FINANCE Buffer are revenues from Stability Fees, Liquidation Fees, and other income streams.

The governance mechanism of BOND Protocol is designed to be as flexible as possible, and upgradeable. Should the system mature under the guidance of the community, more advanced forms of Proposal Contracts could, in theory, be used, including Proposal Contracts that are bundled. Nonetheless, those revisions will remain for $BND & $BNDc holders to decide.

Interacting with a BOND DaAPP

  • Step​ ​1:​ ​Connect your wallet

    A user connects wallets via the Bond dapp portal or a community-created interface, such as Instadapp, Zerion, or MyEtherWallet, by funding it with a specific type and amount of collateral that will be used to generate $USDB.

  • Step​ ​2:​ ​Generate $USDB ​from​ ​the​ ​dapp

    The Vault owner initiates a transaction, and then confirms it in her unhosted cryptocurrency wallet in order to generate a specific amount of Dai in exchange for keeping her collateral locked in the Vault.

  • Step​ ​3:​ ​Pay Down​ ​the​ ​Debt​ ​and​ the Stability​ ​Fee

    To retrieve a portion or all of the collateral, a Vault owner must pay down or completely pay back the Dai she generated, plus the Stability Fee that continuously accrues on the Dai outstanding. The Stability Fee can only be paid in Dai.

  • Step​ ​4:​ ​Withdraw Collateral

    With the Dai returned and the Stability Fee paid, the Vault owner can withdraw all or some of her collateral back to her wallet. Once all Dai is completely returned and all collateral is retrieved, the Vault remains empty until the owner chooses to make another deposit.

Importantly, each collateral asset deposited requires its own Vault. So, some users will own multiple Vaults with different types of collateral and levels of collateralization.

$USDB. contract address: 0xFC4a1C2Bd1738c9F98843A6AE681c73320b6f46D

https://bscscan.com/address/0xfc4a1c2bd1738c9f98843a6ae681c73320b6f46d#code

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