[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 433 KB, 1228x754, Screenshot 2021-01-12 at 07.28.39.png [View same] [iqdb] [saucenao] [google]
25888613 No.25888613 [Reply] [Original]

Coinbase Custody adds Barnbridge:

https://twitter.com/CoinbaseCustody/status/1348739247277268997

YIELD FARMING: https://app.barnbridge.com/pools

BOND pool - 77% APY

BOND/USDC Uniswap LP pool - 200% APY

USD pool - 25% APY

Advisors: Kain (Founder Synthetix)
https://twitter.com/kaiynne/status/1287961077041393664

Stani Kulechov (founder Aave)
https://www.crunchbase.com/person/stani-kulechov

What is Barnbridge?

Barnbridge are developing complex structured derivatives on blockchain. This is a massive space in TradFi, worth trillions across collateralised debt oblgiations, asset backed securities as well as structured products on indices and equities.

Examples in DeFi include

-Classic stablecoin interest tranches. Imagine tranching aave interest into a senior tranche, earning a guaranteed lower percentage and a junior tranche earning a higher on average but volatile interest rate from aave deposits
-Eth staking pays 10%. Imagine breaking this down into a senior tranche which only earns 5%, but has less exposure to ethereum if it drops more than 25%, and a Junior tranche that earns 15% but assumes more downside if ethereum drops a lot
-A uniswap or sushiswap yield farming pair, where a senior tranche earns less interest but has no impermanent loss risk, and a junior tranche that earns more interest but is more exposed to impermanent loss

There are many more possibilities and the possibility of marketing products to TradFi is enormous. Again, multi trillion dollar industry IRL.

>> No.25888662
File: 8 KB, 400x400, WiOFTGF9_400x400.jpg [View same] [iqdb] [saucenao] [google]
25888662

scam, real bond is on bitmax

>> No.25888716
File: 106 KB, 1716x734, Barnbridge_vs_Bonded.jpg [View same] [iqdb] [saucenao] [google]
25888716

>>25888662
Coinbase Custody listing Barnbridge and not Bonded Finance should tell smart money all it needs to know... Coinbase Custody indicated serious institutional interest and a path to full Coinbase listing.

>> No.25888776

Is this on uniswap?

>> No.25888826

>>25888776
yep....

https://app.uniswap.org/#/swap?inputCurrency=0x0391d2021f89dc339f60fff84546ea23e337750f&outputCurrency=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48

>> No.25888835
File: 428 KB, 2525x1281, breadcrumbs.jpg [View same] [iqdb] [saucenao] [google]
25888835

>>25888776
Yes, token address 0x0391d2021f89dc339f60fff84546ea23e337750f

https://www.coingecko.com/en/coins/barnbridge

+Breadcrumbs, pic related

>> No.25889046

>>25888835
>>25888826
nice, looks like it’s pumped a lot on the Coinbase news. Would you hold off here or does it still have room to move

Also, what’s a suicide and make it stack

>> No.25889194

i just bought a nice stack. this seems legit and i am early.

>> No.25889549
File: 99 KB, 1393x1639, BarnbridgeRoadMap.jpg [View same] [iqdb] [saucenao] [google]
25889549

>>25889046
I'm holding a large bag, I generally don't try and time these things. If you do want to try and time it, Monday is usually a good time to buy as thats when tokens get released. There's a lot of stuff set to release over this and next month including their first product so I wouldn't hold off too long. (pic related)

Make sure you stake if you do buy, Link in OP.

>> No.25889795

nice

>> No.25889796

Thinking of buying 500 of these and pooling with USDC. If there’s really 200% APY I’m making about 40 BOND a week or $1k? Seems too good to be true, what’s the catch?

>> No.25889825

>>25888716
Literally just means Barnbridge paid Coinbase for the service, not like it's an exclusive thing. XYO is also on Coinbase Custody, are you telling me that there's institutional interest in that two and a half year old dead shitcoin?

>> No.25889826

>>25888613
I'm still down 80% on this shit

>> No.25889870

>>25889796
Yes, 500 BOND a week + USDC would be about 1k a week/40 bond.

The risk with all these types of yield farming pools is that the token dumps as farmers sell their rewards and you get rekt by impermanent loss. BOND has been holding its value well though, and its a good project with a low market cap and upcoming so I expect this to continue. Most farmers are accumulating and re-staking rewards including myself.

>> No.25890009

>>25889825
XYO was added in early 2019. I'm guessing it wasn't dead back then.

>Literally just means Barnbridge paid Coinbase for the service

I highly doubt that. Coinbase Custody is a service for institutional investors. Why would Barnbridge pay for that, it's not like paying for a binance listing where you get retail FOMO buyers in return for the listing fee. No point in an institutional coinbase custody listing if there aren't institutions to take advantage of it.

Just look at the latest projects that are being added to coinbase custody. INJ, GRT, AAVE. All quality, curated projects.

>>25889826
Did you buy on the listing and not stake or something?

>> No.25890360

>>25890009
XYO wasn't dead, but all of those institutional investors should have surely propelled it to new highs right?

>> No.25890379

>>25889870
nice, gonna pick some up. Might wait until Monday to see if I can get a dip

>> No.25890516

>>25890360
institutions don't have a 100% success rate. occasionally a project they invest in will fail. the same is true of VCs investing in traditional companies. you just looked through coinbase custody and cherry picked the worst thing you could find. anyone can take a look at the most recent coinbase custody listings and see that they're of a high standard.