IOHK and BONDLY Partner to Launch First DeFi Project on Cardano Blockchain

2020-12-11 18:55

IOHK is making in-roads to introduce DeFi to Cardano blockchain. Bondly, a decentralized exchange, becomes the first DeFi protocol on the blockchain.

Announced on Dec.10, Bondly became the first decentralized finance, or DeFi, to launch and run on the Cardano blockchain. This follows the successful launch of the Goguen testnet, a smart contract functionality that allows developers to build their decentralized apps atop the blockchain.

In a tweet, the Input-Output Hong Kong (IOHK) team confirmed the partnership with Bondly, a decentralized peer-to-peer exchange, further stating,

We're partnering with @BondlyFinance, which will be the first DeFi project enabled on #Cardano as a part of the roll-out of our smart contract functionality. Our partnership will be a huge step in continuing both companies’ mission to bring decentralized finance to the masses.

— IOHK Media (@IOHKMedia) December 10, 2020

Following Shelley's successful completion, an upgrade targeting more decentralization on the Cardano network, the community is awaiting the Goguen upgrade. According to the official statement, the Goguen upgrade, expected to launch in 2021 fully, introduces smart contracts and the ability to build decentralized apps on Cardano.

Bondly is a peer-to-peer e-commerce system and decentralized exchange that aims to bring the qualities of DeFi to the traditional finance world. The latest partnership with IOHK sees the two companies share visions and joint roadmaps entering 2021, including the addition of the BONDLY cryptocurrency to Cardano – a switch from the Polkadot ecosystem. Charles Hoskinson, Founder of Cardano, said,

“IOHK’s core mission is to widen and democratize access to financial services, which is why Bondly is a perfect partner for us.”

Once the Goguen upgrade is complete, BONDLY plans to integrate its e-commerce platform, BONDProtect, and BSwap, its over-the-counter (OTC) exchange, Cardano too. BONDProtect is a peer to peer marketplace designed to protect buyers and sellers using smart contract-based escrows that will run on Cardano’s fast and secure network.

Hoskinson further believes BONDLY’s capabilities are essential in further pushing Cardano-based DeFi ecosystems once the Goguen update is launched. DeFi solutions built on Cardano allows the blockchain to “live up its potential” and “replace the global digital financial system,” he further said confidently.

The post IOHK and BONDLY Partner to Launch First DeFi Project on Cardano Blockchain first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0066304 (+0.11%)
Объем 24H $22.769k
Изменеия 24h: -1.57 %, 7d: -11.05 %
Cегодня L: $0.0066099 - H: $0.006632
Капитализация $484.486k Rank 2073
Цена в час новости $ 0.0910131 (-92.71%)

launch blockchain decentralized bondly cardano defi functionality

Источник: bitcoinexchangeguide.com

launch blockchain → Результатов: 126


Corporate Banking Group Aimed at Blockchain and Crypto Players Announces Future Multi-Jurisdictional Launch and Upcoming Token Sale

CoinSpeaker Corporate Banking Group Aimed at Blockchain and Crypto Players Announces Future Multi-Jurisdictional Launch and Upcoming Token Sale Initium Group – a future corporate banking group that will focus on providing traditional banking services in five jurisdictions to companies operating in the new digital economy – announced its official launch at a press conference in the Swiss financial capital this Tuesday, 12th February 2019.

2019-2-14 23:17


Corporate Banking Group Aimed at Blockchain and Crypto Players Announces Future Multi-Jurisdictional Launch and Upcoming Token Sale

Bitcoin Press Release: Initium Group – a future corporate banking group that will focus on providing traditional banking services in five jurisdictions to companies operating in the new digital economy – announced its official launch at a press conference in the Swiss financial capital this Tuesday, 12th February 2019.

2019-2-13 14:45


NUPay ICO

In the belief that cryptocurrencies will soon become the norm as a payment tool or “money,” numerous startups and companies are preparing to launch cryptocurrency-related services and technologies. TPCT, NUPay’s brand token, functions as a medium of exchange and a store of value that can be spent and collected, credited, or accumulated through the NUPay Payment System.

2019-2-13 09:33


Фото:

IBM in Three-Way Blockchain Partnership for Sustainable Groundwater Project

The Freshwater Trust (TFT)  a conservation non-profit focused on preserving and restoring freshwater ecosystems, IBM Research  and SweetSense have allied to launch a distributed ledger technology (DLT) pilot that would accurately and transparently measure groundwater usage in real-time in the Sacramento San Joaquin River Delta in California, reported enterprise times on February 11, 2019.

2019-2-12 20:00


Concordium and Aarhus University Unveil Blockchain Research Center

The Concordium Foundation has joined forces with Denmark’s Aarhus University to launch a compliant blockchain platform that would promote wider adoption of DLT. The Switzerland-based non-profit in charge of the Concordium Blockchain project has developed the Concordium Blockchain Research Center in collaboration with the University’s Department of Computer Science.

2019-2-6 14:25


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru