Dfyn Partners With Bonded Finance To Expand The Utility Of Tokens
Within this collaboration, 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.
$DFYN and Router Protocol’s token ($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 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.
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.
