Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list BOND and support deposit and withdrawal & Automated Market Making (AMM) on June 30, 2021 (UTC). And its trading pair BOND/USDT will be available on the same day.
BOND Services
1. Deposit: 03:00 June 30 (UTC)
2. Withdrawal: 03:00 June 30 (UTC)
3. Trading pair: BOND/USDT;
4. Opening method: Call Auction
a. Call Auction
03:00—10:50 June 30, 2021 (UTC)
Orders can be placed and cancelled
10:50-11:00 June 30, 2021 (UTC)
Orders can be placed but cannot be cancelled
b. Trading
11:00 June 30, 2021 (UTC)
About BOND
Website丨Explorer丨 White paper
BarnBridge is a risk tokenizing protocol. It aims to reduce the risks associated with DeFi, such as inflation risk, market price risk, and cash-flow volatility risk. By letting users select a risk profile, BarnBridge can redistribute risk via tokenized, liquid tranches. BarnBridge does this with its SMART Yield, SMART Exposure, and SMART Alpha products, all of which address a specific DeFi risk category. To put it simply, Barnbridge is a definition project with CDO as the core. It achieves the goal of target control by investing funds in products with different risks.
BOND is an ERC-20 token. It will be used to stake in the system.. As it conforms to the ERC-20 standard, the BOND token is tradeable on any exchange and storable on any wallet – allowing anyone in the world to access it.Empowering BOND holders to vote on updates to the platform. Combining governance mechanisms and incentivizing holders, it will serve as a means to align the different stakeholders in the system. BOND will also serve as a security and policy management medium. Decentralized, automated governance, that incentivizes participants and aims for security, sustainability, and participant welfare is key to a DeFi protocol’s success.
What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more
Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%. VIP and market makers will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.
Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 50% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.
2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.
3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.
Risk Warning
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses
CoinEx Team
June 30, 2021
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