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
DeFi Prizes
Arbitrum
Ava Labs
Quantstamp
Technologies used