Cardano: IOHK partners with Bondy Finance to create new digital economy as part of Goguen
Bondly and IOHK announced a partnership to help Cardano improve DeFi product standards and democratize access to financial services. Bondly will be Cardano’s first DeFi platform on the market.
Engineering company IOHK, the founders of blockchain platform Cardano, today announced that Bondly will be the first DeFi project to be activated on Cardano as part of the platform’s highly anticipated smart contract functionality, which will allow decentralized applications (DApps) of the platform. The network will be built on.
Bondly is a crypto-enabled e-commerce platform that acts as a portable peer-to-peer exchange and enables Trading across any chain through any medium. Bondly aims to bring decentralized finance (DeFi) to the masses by combining traditional banking services with blockchain technology.
With this new partnership, IOHK will play an important role in the development of Bondly technology and its integration into the next generation of DeFi products. DeFi makes exponentially use of the scaling capability addressed by Ouroboros, the consensus protocol that underpins Cardano.
The first partnership will include products in both the Bondly and IOHK ecosystems and share common roadmaps and key milestones:
Bondy cryptocurrency Bondy is moving from Polkadot to the Cardano blockchain. Bondly’s over-the-counter (OTC) trading platform, bswap, enables easy end-to-end digital asset trading and is making the transition to Cardano. Designed to provide decentralized escrow and buyer protection using smart contract technology, Bondly’s e-commerce platform BONDProtect will run on the Cardano blockchain. The Platform aims to replace all site-specific crypto escrow products with an easy-to-use API and a fully smart contract-oriented product.