BarnBridge

$BOND token will be the administrative token of the system, giving $BOND holders the right to vote on updates to the platform. Combined with governance mechanisms and incentive holders, it will act as a means of aligning the different stakeholders in the system. $BOND will also be used as a security and policy management medium. The key to the success of DeFi protocols is the automated governance of decentralized incentives to motivate participants and achieve security, sustainability and participant welfare.

$BOND is the ERC-20 token. It will be used for lofting the system and as a governance token when the governance module is started. Because it complies with the ERC-20 standard, the $BOND token can be traded on any exchange and stored in any wallet - allowing anyone in the world to access it.

BarnBridge DAO will be a DAO controlled by the $BOND community. The BarnBridge DAO will have full control over the protocol and its built-in functionality. We do this by using the Diamond standard (IP-2535), which allows us to upgrade the protocol without all members removing their tokens and switching to version 2 of the protocol when they appear. The BarnBridge DAO will have complete control over Diamond, providing amazing flexibility for WEB3 Spaces.