What is BarnBridge Protocol? How to Buy BOND Crypto in India?

What is BarnBridge (BOND)?

BranBeidge is a tokenized risk protocol that allows users to hedge against price fluctuations and volatility. It accesses the debt pools on the other DeFi platforms and creates multiple assets within a single debt pool. It creates tradable tokens that expose the consumer to market volatility. The platform offers investment in senior and junior tranches where the senior receives fixed interest payments and the junior has higher interest rates but no guaranteed payouts. 

Who Are the Founders of BarnBridge?

BranBridge was founded in 2019 by crypto entrepreneurs Troy Murray, and Tyler Ward, along with  Milad Mostavi, Dragos Rizescu, and Bogdan Gheorghe. Troy is based in Puerto Rico and has founded a crypto R&D firm RUDE_labs that aims to explore the benefits of blockchain on the media. He further worked as director of strategy at Beaker and as a supervisor/technical architect at snglsDAO foundation

Besides Ward, founded proof systems which is a digital marketing company focused on the Fintech industry. He has also worked with ConsenSys, Earn.com, Dether, Grid +, Centrality, Sylo, NEAR Protocol, DARMA Capital, Singular DTV, and snglsDAO. 

How Does BarnBridge Work?

BarnBridge is a tokenized protocol that aims to reduce the risks associated with DeFi. it lets the users select a risk profile and redistribute risks via tokenized, liquid tranches. It does this with the help of its SMART YIELD and SMART Alpha Products. 

SMART Yeild is a part of the platform that allows people to gain interest in their holdings. The users deposit their stablecoins into the protocol and in return receive Yeild which will be in the form of a crypto equivalent to the interest. User can either allocate their stablecoins in Senior pools which have less yields with lower risks or Junior pools which have more potential for profit but at higher risks with great opportunity for loss. 

Besides, SMART Alpha does more or less the same thing except that it works with the tokens based on the Ethereum blockchain. Another aspect of the network is its native token BOND which is also used as a governance token of the BarnBridge DAO that runs the network. 

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What Makes BarnBridge Unique-Use Cases?

• BarnBridge aggregates yields with fixed income and flatten them to improve the efficiency of the network.
• It creates tokenized derivatives based on market fluctuations which include rates of return, prices, market prediction odds, default rates on mortgages, and others.
• It also supports Smart alpha bonds which are used to tokenize price risks that can expose the users to large, medium, or low price fluctuations.
• These bonds can also be used as derivatives to hedge against any ERC-20 token price variation.

BarnBridge(BOND) Price Analysis

Source: Tradingview

• The BarnBridge price is trading within a decisive symmetrical triangle and has rebounded from the lower support.
• The price appears to be under a significant bullish influence as the RSI is hovering along the average levels and trying hard to set up a fine upswing.
• Besides, the ADX that determines the strength of the rally has spiked high and has maintained around the gained levels. Hence indicating the upswing may prevail ahead.
• Therefore, the price may maintain a consolidated trend to reach the apex of the symmetrical triangle beyond which the price may undertake the direction depending upon the volume induced.

How to Buy BarnBridge in India?

To buy BarnBridge in India, just follow the below-mentioned steps:

• Download the CoinDCX app on your Smartphone
• Enter the details required for registration.
• Complete KYC.
• After your profile is verified, fund your wallet and buy BOND.

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