Dfyn And Bonded Finance Formed An Alliance

Dfyn is excited to announce a partnership with Bonded Finance. With this partnership, DFYN and ROUTE will be added as collateral types to the Bonded Finance platform, allowing users to take out stablecoin loans while retaining exposure to the success of DFYN and ROUTE tokens.

Bonded Finance is an all-inclusive DeFi solution for alt token holders. Its mission is to create innovative financial tools that empower everyone to invest like a professional. The Bonded Finance platform will be more than a simple lending and borrowing platform. It will help both individual investors and projects lock tokens, mint stablecoins, gain exposure, access capital, and more.

With this partnership, $DFYN and Router Protocol’s token ($ROUTE) will be added as collateral types to Bonded.Finance’s Primary Lending Facility. This will allow users to take out stablecoin loans and leverage their positions in the DFYN and ROUTE tokens without having to sacrifice their positions.

ABOUT Dfyn
Dfyn is a multi-chain AMM DEX currently functional on the Polygon network. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol.

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.

RESOURCES
Medium