Bond Partners With Jigstack
Bonded has a great appreciation for everyone we work with and our growing list of partners, to date, represent some of the true titans of crypto. However, we appreciate all of us trying to decentralize the world of finance with a goal to put the power back in the hands of the people. Jigstack is a newer, lesser-known commodity on its way to market and a project they are quite excited to collaborate with.
Jigstack takes advantage of “myriad Ethereum-based commercial tools” to essentially create a greatest hits of Ethereum’s projects and services. By creating infrastructure through a decentralized autonomous organization, they potentially become their own self-sustaining galaxy, through which all their supported undertakings can benefit. Described as “a single revenue and governance feed, orchestrated via the native $STAK token,” the potential for shared revenues, liquidity and exposure appears viable.
Where Bonded stood up and took notice, is that Jigstack will be launching “Lemonade” this month. Named after the many children’s first entrepreneurial endeavor, the lemonade stand, Lemonade is a token launchpad with a focus on DeFi. They will allow token holders to earn a share of the revenues generated from crowdfunding but also provide governance to insure quality. Terms like vesting and token distribution can be modified to optimize performance and the due diligence of a DAO and governing community can go a long way in supporting the right projects.
Bonded believes processes such as these are particularly important in permissionless environments. While barriers to entry should always remain low, it is great to see a launchpad whose primary mission is to search out and deploy quality.
Bonded’s mission has always been to support active projects with vibrant communities that typically don’t receive the borrowing and lending services afforded to“establishment” level tokens.
They are happy to say that all projects on the Lemonade launchpad will be available in a forthcoming protocol and they will provide additional reciprocal support with Jigstack, offering:
- All locked tokens will be transitioned into our collateral smart contracts
- Borrowing and lending services for all Lemonade launchpad projects
Bonded aspires to be a destination for all projects launched on Lemonade. The ethos has always been to “make alts great again,” and while our products initially supported more mainstream alts, we see this as a great first step to welcome innovative, unsung and potentially game-changing projects to the Bonded Finance DeFi ecosystem.
About Jigstack
Jigstack provides value to DeFi and tokenization enthusiasts through uniformity, quality assurance, and user empowerment. By embracing the Decentralized Autonomous Organization model, the team creates an umbrella that encompasses multiple projects generating a revenue stream, including DeFi token launchpad Lemonade and a decentralized marketing and affiliate solution called Ethlink.
About Bonded Finance
The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven, financial instruments that push the bounds of open finance. Bonding is an algorithmic model that aims to unlock, aggregate, and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to borrow against these assets or pool them and start earning.
Source:
https://bondedfinance.medium.com/bond-partners-with-jigstack-96f0898e26d8
