Bonded & Prosper
As altcoin believers, Bonded can’t help but be impressed with the work of Prosper. Prosper is built on the rapidly growing Binance Smart Chain and they offer a non-custodial crosschain prediction market and hedging platform. Prosper is developing a unique technology of on-chain liquidity aggregation to solve problems inherent within prediction markets.
While our forthcoming launch is going to support some of the usual suspects, it is the real vision of Bonded to offer borrowing and lending services to altcoins that offer innovation and need support from the communities to fully realize their vision. A cross-chain insured (!) prediction market truly checks a lot of boxes. While not a DeFi pure play, we acknowledge the burgeoning space around us, from part to whole. We are here not just to democratize finance but to embrace all the vibrancy and innovation that the blockchain is serving up. It is for this reason Bonded looks forward to listing Prosper on our Primary Lending Facility.
Prosper’s team is professional and forward-thinking and we believe our continued discussions will mutually serve our respective advancements in the space. For Bonded, we are also happy to be cutting a wider swath in terms of collateral types entering into our ecosystem.
Bonded will endeavour to offer Prosper holders with:
- Access to our Lending Facility
- Opportunity to collateralize the PROS token for stablecoin loans
- Capital resources
- Increased utility — earning potential in upcoming products
- An opportunity to earn as you HODL
- Drive demand by removing tokens from circulation
- Ability to earn liquidity incentives and BOND tokens
The building, streamlining and scaling that is taking place today is laying a foundation across the board for alternative coins. Technologies that can demonstrate earning power, provide holders with sustainable benefits and support the space will be among the primary drivers of evolution. At Bonded, we are empowering altcoins to realize this value and give them unfettered access to our smart instruments.
Prosper is a non-custodial crosschain prediction market and hedging platform. Prosper is developing a unique technology of on-chain liquidity aggregation to solve problems of prediction markets landscape.
Core features of Prosper.so include:
- Cross-chain predictions support and on-chain liquidity aggregation
- Binary liquidity model
- Bet insurance
- User-owned predictions and options
- Fiat integration
The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven, financial instruments that push the bounds of open finance. Bonding is an algorithmic model that aims to unlock, aggregate and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to borrow against these assets or pool them and start earning.