We are pleased to announce that Router Protocol has entered into a partnership with Bonded Finance, a smart contract lending platform providing a unique risk restructuring mechanism, to provide a bridge between various blockchains aggregated in Bonded’s loan accelerator.
The rapid rise of the decentralized finance industry has brought on what can only be described as a financial revolution. However, the massive influx of new users and products has also revealed a gaping hole in the market that has left billions of dollars in capital underutilized.
Some reports have shown that there is roughly $50 billion in dormant value and some $30 billion in under-utilized liquidity locked in altcoins. This is due to the fact that most of the dominant crypto lenders on the market only support a handful of verifiable projects, overlooking the volatile and unrefined altcoin space.
Bonded Finance was among the first to realize the untapped potential of underperforming altcoins. Through an educated lens, the protocol set out to identify distributed pools of both capital and liquidity in the altcoin market and harvest the hidden, unchallenged capital they provide.
The innovative products Bonded is working on are set to create theoretically unlimited total value locked (TVL) by leveraging the untapped altcoin market. The company is working on a suite of four products, the first of which will be a simple crypto loan accelerator that enables users to take out loans against traditionally dormant assets.
Devoted to providing nascent altcoins the opportunity to grow past the chain they were launched on, Bonded Finance will utilize Router’s cross-chain bridges to promote liquidity migration. Router’s mission to connect what would have otherwise been isolated networks pairs perfectly with Bonded’s goal to utilize the potential of the liquidity locked in those networks.
Together, Router Protocol and Bonded Finance will bridge the gap between isolated and underused pools of liquidity, unlocking the potential of the DeFi industry.
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 Router Protocol
Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions.
Telegram announcements: https://t.me/router_ann