Hailed as one of the most trusted finance and DeFi-supporting brands, Bonded Finance has announced its strategic collaboration with Origin Protocol, a globally-acclaimed entity fostering commercial operations through blockchain-supported marketplace tools. The integrating firms will leverage their services and tools for a new class of audience and sector that favors the e-commerce domain. The Origin Protocol team took to its official Twitter handle to circulate the important news in the media, stating:
Bonded Finance will list $OGN as a lending and borrowing asset for their inaugural product, Ionic. 🔥
— Origin Protocol (@OriginProtocol) November 10, 2020
As part of the collaboration, Bonded Finance will add support to Origin Protocol’s native currency, the ONG token. The digital asset will be listed on Bonded Finance’s new product vertical named Ionic as a lending and borrowing medium. The Ionic is a modernized version of a former product named ACL or Accelerated Crypto Loan. The stablecoin will aid Bonded users to explore new horizons of secured trading on e-commerce portals and market hubs.
The main highlights of the Bonded Finance and Origin Protocol’s partnership shall include the following features:
- Easy access to Bonded’s Ionic- a lending and borrowing user interface
- Simple lending and borrowing facility of the OGN token
- Dominant capital resources
- Improved utility by offering good earning capacity in future products
- Earn while HODL assets
- Expand demand by eliminating tokens from circulation
- Earn liquidity incentives and BOND coins
Origin Protocol strives to offer a secure and transparent medium of commerce that relies on the potential of blockchain technology. It provides an interface that connects buyers and providers to design a shared economy via the IPFS and Ethereum blockchain.
The portal’s main aim is to eliminate all sorts of unwanted transaction charges collected by intermediary firms. It helps to encourage open and dictatorship-resistance trading with an intention to give all the players a fair share in the industry. Its stablecoin has gained a lot of popularity in the market, making it a prominent crypto tool. Origin has entered into strong partnerships with market-leading firms, including Brave, Kyber, and Solana. It strives to offer seamless access to DeFi users giving them a chance to explore the domain like an e-market. The firm helps users take full control of the DeFi products via marketspaces that are user-friendly, customized, and economical for the users.