BarnBridge Overview

What is BarnBridge?

An open-source Ethereum-based risk tokenization DeFi protocol that enables users to swap variable yield for a fixed rate and borrow against it with hedging capabilities for interest rate volatility in markets like Compound and Aave. Governed through BarnBridge DAO with the BOND ERC-20 token. Deployed BarnBridge v2 in September 2022.

Main Features
Non-custodial fixed term deposits
Support for undersecured credit lines
Yield underwriting for diversification
Integration with any DeFi project or user
Community governance through $BOND token holders

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Frequently asked questions

BarnBridge is a decentralized protocol on the Ethereum blockchain that allows suppliers and borrowers of certain digital assets to participate in tokenized risk management. It offers DeFi-native solutions for credit and yield, and is building an ecosystem of protocols and applications around the FIAT stablecoin. BarnBridge's Smart Yield v2 allows users to hedge their yield in exchange for a fixed term deposit into the protocol. They are also developing FIAT II, a stablecoin protocol capable of supporting credit facilities for any onchain asset.

Smart Yield is a feature offered by BarnBridge, a decentralized finance (DeFi) protocol. It allows users who are already depositing into leading DeFi markets like Aave, Curve, or Balancer to hedge their yield in exchange for a fixed term deposit into the protocol. This means that users can lock in a fixed return at the start of the term, providing them with certainty about their yield. Smart Yield is non-custodial, meaning that users retain control over their funds throughout the process.

FIAT II is a stablecoin protocol that supports credit facilities for any onchain asset. It allows users to deploy vaults from which only permissioned addresses can borrow, enabling others to pledge credit on their behalf. Users can earn yield by underwriting the liquidation risk of FIAT II vaults, in addition to the interest their collateral may already be accruing. FIAT II can be integrated with any DeFi project or user, offering multiple reasons for borrowers and lenders to participate. The protocol is governed by the community, with token holders submitting proposals and influencing the project's direction.

To earn yield underwriting the liquidation risk, users can participate in the FIAT II protocol. FIAT II allows users to deploy vaults from which only permissioned addresses can borrow, enabling others to pledge credit on their behalf. By underwriting the liquidation risk of FIAT II vaults, users can earn yield in addition to the interest their collateral may already be accruing. This provides further diversification for users. Additionally, FIAT II is a stablecoin protocol that supports credit facilities for any onchain asset, making it flexible and permissionless. Users can integrate with FIAT II for various purposes, such as protocol-issued assets, governance tokens, or treasury management. The BarnBridge protocol, including FIAT II, is governed by the community, with $BOND token holders submitting proposals and influencing the project's direction.

To integrate with BarnBridge, you can access their website-hosted user interface (the "Interface" or "App") at https://www.barnbridge.com. The Interface provides access to a decentralized protocol on the Ethereum blockchain that allows suppliers and borrowers of certain digital assets to participate in tokenized risk management (the "Protocol"). Before accessing or using the Interface, you must read and agree to the Terms of Service Agreement. BarnBridge reserves the right to modify the Agreement, and your continued use of the Interface confirms your acceptance of any modifications. To be eligible to access or use the Interface, you must be at least eighteen years old and have the legal capacity to enter into a contract. BarnBridge is a fully decentralized, community-governed protocol, and integration with their protocol, called FIAT II, is open to any DeFi project or user.

BarnBridge ensures security through audited and open-sourced smart contracts. The protocol prioritizes the security of its users.

The governance structure of BarnBridge is fully decentralized and community governed. The protocol is governed by thousands of token holders who hold the $BOND token. These token holders have the ability to submit proposals and help steer the trajectory of the project.

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