Bonk Protocol
Unlock the potential of web3 communication.
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You got: ...$BONK
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Bonk Protocol
Unlock the potential of web3 communication.
You got: ...$BONK
Bonk Protocol (“BONK”) is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Solana Chain. The difference of BONK from other money market protocols is the ability to use the collateral supplied to the market not only to borrow other assets but also to mint synthetic stablecoins with over-collateralized positions that protect the protocol. These synthetic stablecoins are not backed by a basket of fiat currencies but by a basket of cryptocurrencies. BONK utilizes the Solana Chain for fast, low-cost transactions while accessing a deep network of wrapped tokens and liquidity.
Creating a protocol that enables a traditional money market tied into synthetic stablecoin generation will lead to accessibility and benefit of locked collateral. BONK will enable anyone to utilize a high-speed and low transaction cost blockchain by leveraging Solana Chain to supply collateral, earn interest on that collateral, borrow against that collateral, and mint stablecoins on-demand within seconds. These solutions all happen directly on the blockchain and may be utilized using a GUI. This protocol unlocks billions of dollars in value that are currently on-chains that have no lending markets such as Bitcoin, XRP, Litecoin, and more while enabling the participant to access liquidity in real-time.
Money Markets built on Solana Chain
You can now tokenize your assets utilizing the Solana Chain and receive portable BONKs that you can freely move around to cold storage, transfer to other users, and more.
Earn interest on your assets
Funds held within the protocol can earn APY's based on the market demand for that asset. Interest is earned by the block and can be used as collateral to borrow assets or to mint stablecoins.
BONK enables the world's first decentralized stablecoin, MAI, built on Solana Chain that is backed by a basket of stablecoins and crypto assets without centralized control.
Access instant liquidity on BONK Use your BONK collateral to borrow from the Troll Protocol instantly with no trading fees, no slippage and directly on-chain. With BONK, you have on-demand liquidity available globally.
Bonk Protocol (“BONK”) is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Solana Chain. BONK enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies.
Creating a protocol that enables a traditional money market tied into synthetic stablecoin generation will lead to accessibility and benefit of locked collateral. Venus will enable anyone to utilize a high-speed and low transaction cost blockchain by leveraging Solana Chain to supply collateral, earn interest on that collateral, borrow against that collateral, and mint stablecoins on-demand within seconds. These solutions all happen directly on the blockchain and may be utilized using a GUI. This protocol unlocks billions of dollars in value that are currently on-chains that have no lending markets such as Bitcoin, XRP, Litecoin, and more while enabling the participant to access liquidity in real-time.
Borrow cryptocurrencies and stablecoins with no credit check and fast origination directly on Solana Chain.
Supply cryptocurrencies and stablecoins and earn a variable APY for providing liquidity the protocol that is secured by over-collateralized assets.
Mint stablecoins from your supplied collateral that can be used at over 60 million locations worldwide through the Swipe platform and more.
Controlled by the BONK Token, a governance token designed to be a fair launch distribution for the community.
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