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BonDAO

Bringing stability and accessibility to DeFi investing

Created on 16th April 2023

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BonDAO

Bringing stability and accessibility to DeFi investing

The problem BonDAO solves

DeFi cannot ignore the significance of bonds! Bonds play a crucial role in the global economy by facilitating debt and providing stability to investment portfolios. These instruments offer investors the ability to transact with greater confidence, whether they are funding a new venture or seeking a secure, steady return on investment. In 2020, the traditional finance global bond market was valued at $17.7 trillion more than the global stock market, highlighting the strong demand for stable, income-generating assets.

While many adjectives can be used to describe the crypto landscape, 'stable' and 'certain' are not typically among them. Crypto assets usually attract investors with a higher risk appetite. By introducing bonds to the DeFi ecosystem, we can expand the market to a wider audience by appealing to more risk-averse investors. In 2020, the traditional finance global bond markets were worth $123.5 trillion, while global equities stood at $105.8 trillion, emphasizing the importance of bonds in the financial world.

Challenges we ran into

We ran into some challenges in the smart contracts. It is difficult to debug smart contracts as revert messages are not very descriptive and redeployment is tedious. However, we persevered and walked through the code carefully and found the typos causing our bugs.
We ran into challenges in the front end. We are not very experienced with React and especially not using ethers in React.

Tracks Applied (5)

LionHack

We created this project at LionHack

DeFi Prizes

Our project brings corporate bonds, a key part of traditional finance, to the decentralized finance ecosystem.

Arbitrum

We deployed our smart contracts to the Arbitrum Goerli testnet.

Ava Labs

We deployed our smart contracts to the Avalanche Fuji testnet.

Quantstamp

We documented our Solidity code and wrote tests. Our project's security is very important and needs an audit to make sur...Read More

Technologies used

Discussion

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