Bounce Finance Integration With Gear
Announcing Bounce Finance Integration with Gear, a Substrate-based WASM Smart Contract Platform
Announcement of Bounce Finance Integration with Gear Protocol. Bounce Finance powers an ecosystem of products for matching economic activities, unlocking the potential of open finance. Bounce effectively utilizes a decentralized financial platform to orchestrate auctions for buyer and seller matching. In addition, Bounce offers a diverse range of products and tools for creating customizable auctions for numerous applications.
They believe this integration enables their vision toward enabling more developers to build using WASM for Web3. Furthermore, by leveraging Gear’s infrastructure, any user will now be able to launch an auction, marketplace or any other application that Bounce finance offers across multiple blockchains for more play, more possibility and more potential.
About Gear
Gear a next-generation WebAssembly smart contract platform based on Substrate. This platform will make it easier than ever for developers to bridge the gap between Web2 and Web3. Gear Protocol offers a “blockchain-as-a-service” platform. It will allow developers to deploy smart contracts into the Dotsama ecosystem in a matter of minutes and for a few pennies. No need to build a separate blockchain or win a parachain slot.
Gear’s unique advantage in the implementation of the Actor model within the Substrate framework. The Actor model enables asynchronous contract execution, persistent memory for immutable programs,and a minimal, intuitive, robust API interface. Persistent memory allows users to drop some of domain-specific features out of the development process, and just write regular programs, speeding up the adoption.
About Bounce Finance
Bounce a decentralized auction platform, incorporating liquidity mining, decentralized governance and staking mechanisms. The first principle of Bounce is scarcity of resources, which creates a competitive swap environment. The assets can be auctioned off in various ways, such as token sales and NFT auctions. The Bounce web app is available for Ethereum and Binance Smart Chain based assets.
Auction types include fixed swap, sealed-bid, Dutch and English auctions. Bounce also incorporates elements of decentralized finance such as staking mechanisms and liquidity mining. Plus, users can trade assets via the NFT marketplace and benefit from private and public over-the-counter (OTC) trading with automatic execution.
Bounce also provides innovative decentralized crowdloans via the Polkadot ecosystem. Participants can pledge Polkadot parachain bonds for DOT lending, enabling users to earn two streams of passive income. Plus, users can access crowdloan rewards in tandem with staking rewards and unlock liquidity options by claiming parachain bonds. Moreover, Bounce Polkadot slot auctions provide a decentralized alternative to traditional crowdfunding models.
Bounce has recently received investments from well-known institutions such as Coinbase Ventures, Pantera, Hashed, Fundamental Labs, DHVC, Blockchain Capital, and SZN Capital.
