{"id":"barnbridge","title":"BarnBridge","content":"BarnBridge (Founded in 2019, launched in September 2020) is a cross-platform fluctuation derivatives protocol that functions as a decentralized finance (DeFi) protocol for creating tradeable tokens that adjust a user's exposure to market risks[\\[14\\]](#cite-id-loX8f5s4SvqdBSjG). Days prior to its launch, the liquidity pool garnered the interest of yield farmers, bringing over $200 million to the pool. As of October 28th, 2020 the pool has amassed a Total Value Locked (TVL) of over $450 million[\\[5\\]](#cite-id-cfrmllyo078)[\\[15\\]](#cite-id-el3RnSiaN5GVcxPn)[\\[2\\]](#cite-id-vdzptvyvqfd)[\\[3\\]](#cite-id-q1se2o9pxw). As of April 2026, the project's TVL was approximately $84,000[\\[16\\]](#cite-id-aRPvXnQo4XMDpA9X)[\\[14\\]](#cite-id-loX8f5s4SvqdBSjG).\n\n# Overview\n\nBarnBridge as an idea and whitepaper was originally developed in Q2 2019[\\[4\\]](#cite-id-jsj74322td).![1\\_dPFoLoTO0MWowFOQWiqFDgpng.png](https://ipfs.everipedia.org/ipfs/QmTBLPXANSA83crkP7B5s4KFmcHH4TwG3hMGqMJ12P9i8F)*Yield Farming and LP Incentivization Launch Time-Line*\n\nOn September 10, 2020, BarnBridge announced the close of a $1 million seed round led by Fouth Revolution Capital and ParaFi. Other investors include Kain Warwick ([Synthetix](https://iq.wiki/wiki/synthetix)), Stani Kulechov ([Aave](https://iq.wiki/wiki/aave)), Andrew Keys (DARMA Capital), [Centrality](https://iq.wiki/wiki/centrality), and Dahret Group. BarnBridge aims to tokenize risk with fixed yield and volatility tranche products. This round of funding was meant to cover the development of BarnBridgeDAO and its core products like the Smart Yield Bond[\\[5\\]](#cite-id-cfrmllyo078).\n\nThe Smart Yield Bond is a protocol that mitigates interest rate volatility through debt-based derivatives. Pooled collateral is deposited into various protocols and bundles the yield derived from them into different tranches with different levels of risk exposure. For example, you could buy exposure to a tranche with a lower yield, but less risk and vice versa.\n\nOn September 10, 2020, BarnBridge announced the close of a $1 million seed round led by Fouth Revolution Capital and ParaFi. This round of funding was meant to cover the development of BarnBridgeDAO and its core products like the Smart Yield Bond.\n\nThe BarnBridge project is detailed in the video below.\n$$widget0 [YOUTUBE@VID](Q3N1o2W6-CM)$$\n\nOn October 18, 2020, the first liquidity mining pool of BarnBridge launched with over $100 million in total value locked. The mining pool that consisted of deposits of USD Coin, [DAI](https://iq.wiki/wiki/dai), and [sUSD](https://iq.wiki/wiki/susd) began to accumulate millions of dollars before its launch. Under 20 hours after the pool launched, there was $175 million locked in the contract[\\[6\\]](#cite-id-kwxrt605lgs).\n\nOn October 25, 2020, BarnBridge's liquidity pool officially launched and received over $1 million in liquidity an hour after launch. Much of the growth was due to yield farming. Additionally, according to the firm, yield farmers had already staked over $200 million into the pool prior to the pool's official launch.  As of October 26, 2020, the pool's TVL sits at over $300 million[\\[3\\]](#cite-id-q1se2o9pxw)[\\[7\\]](#cite-id-2ue6ql7c0x)[\\[8\\]](#cite-id-rruqkgz9ho).\n\n# BarnBridge NFT\n\nOn October 5, 2020, BarnBridge announced the BarnBridge Non-Fungible Token (NFT), also taking the ticker for $BOND. The BarnBridge Non-Fungible Token is a collaborative created by around 20 artists. $BOND is a contract for 200 fully compliant ERC-721 tokens minted by InfiNFT and viewable on [OpenSea](https://iq.wiki/wiki/opensea). Every $BOND NFT is one of a kind. There may be similar ones in the collection but no 2 are exactly the same[\\[9\\]](#cite-id-3s5mkytli5e).\n\n# Liquidity Mining Program\n\n![1\\_hUzMxy-2KhjOvMweKFXuIgpng.png](https://ipfs.everipedia.org/ipfs/QmVtGUgjfNxzyWiSXuam3bqZbxkcQjAWWosHVtY8s5EVWi)*Specs on the Liquidity Pool Incentivization initiative*\n\nIn September 2020, BarnBridge announced a two-phased liquidity mining program. They planned to release two sequential staking contracts with distinct specifications around $BOND token distribution - Yield Farming and Liquidity Pool Incentivization[\\[10\\]](#cite-id-5srvypqxq94).\n\n## Yield Farming\n\nThe [Yield Farming](https://iq.wiki/wiki/yield-farming) staking contract held 8% of the total supply and was distributed to community members who staked [DAI](https://iq.wiki/wiki/dai), [USDC](https://iq.wiki/wiki/usdc), and [sUSD](https://iq.wiki/wiki/susd). These three stable coins ([DAI](https://iq.wiki/wiki/dai), [USDC](https://iq.wiki/wiki/usdc), [sUSD](https://iq.wiki/wiki/susd)) were chosen as they would serve as the initial set of yield-producing assets utilized in BarnBridge's first product, the SMART Yield BOND.\n\nParticipants could harvest their yield at the conclusion of each epoch. Each epoch lasted 1 week, and an equal number of $BOND tokens were distributed during each epoch. The participants’ harvest was based on the number of stable coins they had staked relative to the total amount staked in the pool. Any participant could add to the pool during the duration of an epoch and receive rewards proportional to the time they were staked, but the funds had to stay staked through the end of the epoch to be able to harvest the rewards.\n\n## Liquidity Pool Incentivization\n\nAfter the first epoch (1 week) of the Yield Farming program, the Liquidity Pool Incentivization started. The concept behind this initiative was to reward long-term liquidity providers. BarnBridge used the uniswapv2 BOND/USDC Liquidity Pool token (USDC\\_BOND\\_UNI\\_LP) as a means to reward liquidity pool providers. The Liquidity Pool Incentivization initiative was set to run for 100 weeks, with each epoch lasting 1 week. At the end of the epoch, the user could harvest their $BOND. This initiative was granted 2,000,000 $BOND tokens, and each epoch began with 20,000 $BOND tokens.\n\n# BarnBridge DAO\n\nThe Founders, Seeders, and Advisors employed an [Aragon](https://iq.wiki/wiki/aragon) DAO Company Template, which uses transferable tokens to represent ownership stake, starting with Launch DAO. Stake-weighted voting is used to make decisions. The Launch DAO's native token is $BBVOTE. Founders are paid 45 percent, Seeders (45 percent), and Advisors (10 percent). The minimal threshold is set at 62 percent, implying that a plan must receive at least 62 percent approval to pass.\n$$widget0 [YOUTUBE@VID](LMP1_59sT_s)$$\n\n## BarnBridge DAO\n\nThe BarnBridge DAO is governed by the $BOND community. The BarnBridge DAO has complete control over the protocol and all of its features. The BarnBridge uses the Diamond Standard (EIP-2535), which allows users to upgrade the protocol without having all the members remove their tokens and switch to version 2 of the protocol that time arises.\n\nThe BarnBridge DAO becomes the core component of the BarnBridge Platform because it can able to make decisions in a decentralized manner that can enforce the best actions for the wellness of the community.\n\n* SMART Yield Bonds: The whole DAO setup is done to solidify the path towards SMART Yield Bonds. This is the first DeFi product of the BarnBridge Platform. The Voting DAO can be able to deploy pools that anyone to join if they want to take advantage of this core mechanic.\n* SMART Alpha Bonds: Following the model of the SMART Yield Bonds, the DAO controls the setup and the parameters for SMART Alpha Bonds.\n\n# Token - $BOND\n\nBOND is an ERC20 token. It is used to stake in the system, and as a governance token when the governance module is launched. As it conforms to the ERC-20 standard, the $BOND token is tradeable on any exchange and storable on any wallet allowing anyone in the world to access it. The BOND token is available on the [Ethereum](https://iq.wiki/wiki/ethereum), [Arbitrum](https://iq.wiki/wiki/arbitrum), and [Optimism](https://iq.wiki/wiki/optimism) networks[\\[16\\]](#cite-id-aRPvXnQo4XMDpA9X).\n$$widget0 [YOUTUBE@VID](tS4oMWBvmpM)$$\n\n## Tokenomics and Market Data\n\nAs of April 2026, the market data for the BOND token was as follows[\\[14\\]](#cite-id-loX8f5s4SvqdBSjG)[\\[16\\]](#cite-id-aRPvXnQo4XMDpA9X):\n\n* **Circulating Supply:** 7,910,262 BOND\n* **Total & Max Supply:** 10,000,000 BOND\n* **Market Capitalization:** Approximately $337,374\n* **All-Time High:** $185.93 (October 27, 2020)\n* **All-Time Low:** $0.03186 (March 29, 2026)\n\n## Contract Addresses\n\nThe official contract addresses for the BOND token on various blockchains are[\\[16\\]](#cite-id-aRPvXnQo4XMDpA9X):\n\n* **Ethereum:** `0x0391d2021f89dc339f60fff84546ea23e337750f`\n* **Arbitrum One:** `0x0d8616196234b6b6d514931a2936a546064a4e1`\n* **Optimism:** `0x3e76d3f25c7e0b5de83664d4b1a4a496a76747`\n\n## Initial Vesting Schedule\n\nThe vesting schedule was set up in a way that there isn't a huge cliff looming over users' heads at any moment. The tokens distributed to the Founders, Seed Investors, and Advisors were locked in a smart contract that released them weekly over the course of two years. The vesting time began when the Yield Farming method was activated in 2020. This breaks down as such:\n\n* Total amount of $BOND tokens: 10,000,000\n* Percent of $BOND tokens allocated to Founders, Seed Investors, & Advisors: 22%\n* Total amount of $BOND tokens vested: 2,200,000\n* Length of vesting: 100 weeks\n* Release schedule: 1 week\n* Amount of $BOND tokens released each week: 22,000\n* Percent of $BOND tokens released each week: 0.22%\n\n## BarnBridge Governance\n\nBarnBridge DAO lays the foundation for its products. It is governed by BOND ERC-20 tokens. The total supply of BOND tokens is a fixed amount of 10,000,000. There is no mint function in the token smart contract. The BarnBridge staking contract is called Barn, is built on the created by [Nick Mudge](https://iq.wiki/wiki/nick-mudge). The voting on the DAO is performed with the non-tradable vBOND tokens. To get vBOND, users stake or lock their BOND tokens.\n\n* Users lock BOND for a period of up to 1 year and get bonus vBOND.\n* The bonus is linear - max 1 year, max 2x multiplier.\n* Bonus has a linear decay relative to locking duration.\n\n## Direct Deposit: DAO Staking\n\n[Staking](https://iq.wiki/wiki/staking) tokens in the DAO is the simplest way to get started with the BOND token. While the primary goal of [staking](https://iq.wiki/wiki/staking) is for users to gain voting power, on February 8th, 2021, a rewards pool was introduced. It was created as a bonus for DAO participants who signed up early, was preloaded with 610,000 BOND tokens, and had a duration set to 50 weeks. This program has since concluded. Users can propose and partake in votes on how to use community resources with voting power.\n\n### Providing Liquidity\n\nWhen it comes to supplying liquidity, BOND offers a plethora of options. A USDC/BOND Uniswap v2 pool is the most liquid and well-incentivized. It went live on October 26th, 2020. The idea of the effort is to reward long-term USDC/BOND pool liquidity providers with more control over the protocol as they continue to put their money into the BarnBridge vision.\n\nTo start getting BOND rewards, users need to provide liquidity to the and stake USDC\\_BOND\\_UNI\\_LP tokens in the on BarnBridge.\n\n### How to Stake in the DAO\n\nThe participant then has the option of leaving their BOND unlocked or locking it for up to a year. One unlocked BOND equals one vBOND voting share, while locking one BOND for a year equals two vBOND voting shares. This bonus decays linearly in relation to the lock's remaining time. If you lock for a year, only 50% of the bonus will remain after 6 months, 25% after 9 months, and your BOND staked and vBOND will be similar after a year.\n\nBarnBridge governance is structured around the BarnBridge DAO which is controlled by the BOND token holders. It has full control over the protocol and the features that are built into it. The $BOND token serves as the system's governance token, giving $BOND holders the ability to vote on platform improvements. BOND acts as a means of aligning the many players in the system by combining governance systems and incentive holders. $BOND is also used to control security and policies. A DeFi protocol's success depends on decentralized, automated governance that incentivizes members and aims for security, sustainability, and participant welfare.\n\n# SMART Exposure\n\n![fetched-img-cb850d68df6a8000png.png](https://ipfs.everipedia.org/ipfs/QmQJpZ5dGPXrsGhtARWNNkwPFWuL7NVZZBqfw5aX2cAnmG)BarnBridge is a cross-platform risk management protocol designed to mitigate the dangers of DeFi. BarnBridge's SMART Exposure allows users to use tokenized strategies to passively rebalance between any two assets. SMART Exposure is a non-custodial and convenient way to pursue risk-adjusted strategies with the goal of maintaining a target exposure for an underlying token pair while outperforming static buy-and-hold strategies during volatile market times.\n\nWhen the prices of tracked assets change, SMART Exposure automatically rebalances, ensuring that target ratios are closely tracked. As a result, users can automate portfolio concentration management with no human interaction.\n\nSMART Exposure allows users to maintain a certain ratio within an underlying ERC-20 token pair while remaining completely passive. For example, if users wishes to follow the value of ETH in relation to [Bitcoin](https://iq.wiki/wiki/bitcoin), they may set a goal allocation of 50% ETH and 50% wBTC. Similarly, they might enter a 50 percent DPI (Index Coop's DeFi Index token) and 50 percent ETH SMART Exposure position to watch DeFi's relative performance against Ether. Under certain market conditions, SMART Exposure can beat buy-and-hold strategies by providing risk-adjusted retargeting methods in a convenient and non-custodial manner.\n\nThis functionality is possible because SMART Exposure maintains its own asset pools. Users are able to deposit the ERC-20 assets they want to balance, select from popular ratios to maintain, and then have them be recalibrated automatically.\n\nSMART Exposure positions are rebalanced after either a time-based or ratio deviation threshold is met. Once the position ratio deviates from its target more than that defined threshold, or the time since the last rebalance exceeds the defined rebalancing frequency, a rebalance is triggered by keeper bots. Rebalancing gas costs are covered from the underlying pooled collateral which makes it much cheaper compared to individual rebalance transactions. Thresholds can be set for every SMART Exposure pool through DAO vote. In our internal back testing, values between 5–10% deviation performed best.\n\n## SMART Exposure Tokens\n\nPassively managed: Fully automatic risk rebalancing, no need for manual or time-consuming risk monitoring and adjustment.\n\nComposable: Exposure Tokens are fungible ERC-20 tokens that can be used as collateral or linked with other protocols and services.\n\nConvenient: The use of strategy tokens enables rapid deposit, exchange, and redemption.\n\nLower [gas](https://iq.wiki/wiki/gas) costs : [Gas](https://iq.wiki/wiki/gas) fees for rebalancing will be split between all liquidity providers\n\nEfficient and predictable : Powered by [Chainlink](https://iq.wiki/wiki/chainlink) price feed oracles and backed by BarnBridge liquidity pools\n\n## Exposure Tokens (eTokens)\n\nFor any token pair, SMART Exposure can handle up to 5 distinct ratios (or \"tranches\"). Each exposure ratio is represented by a fungible ERC-20 token, which makes it simple to switch between strategies, purchase and sell it on secondary markets, and use it as collateral in other protocols. Exposure tokens have their own tickers. For example, the exposure token for the wBTC 50%, ETH 50% is called bb\\_ET\\_ETH50/WBTC50, where:\n\n* bb - BarnBridge\n* ET - exposure token\n* ETH50/WBTC50 — ETH 50%, wBTC 50%\n\nWhen users deposit the underlying tokens into the pool, they are given eTokens to mark their positions. The deposited funds can be used to fund one or both of the underlying assets. The underlying assets in the SMART Exposure pools can then be redeemed for the exposure tokens on secondary marketplaces. Users can also trade their eTokens between pools for varying exposure ratios.\n\n## Using SMART Exposure\n\nMulti-asset HODLers can use SMART Exposure tokens to passively diversify their holdings and manage unpredictable crypto markets.\n\n### AMM Pools\n\nLarger alpha: When compared to AMMs, SMART exposure's rebalancing technique generates higher excess returns. Continuous rebalancing of AMMs underperforms for volatility harvesting, especially when fee income is not taken into consideration.\n\n### Open Market Operation-Based Portfolio Managers\n\nAutomated:\\*\\* BarnBridge keeper network takes care of the rebalancing without the need for additional coordination (phases), market makers, dutch auctions, etc\n\nHigher liquidity for different exposures ratios of the same token pair as they tap into the same liquidity pool.\n\nFixed allocation strategies and effective treasury management are better served by SMART Exposure since it is:\n\n* Passive Management: Fully automated rebalancing removes the need for manual monitoring and adjusting of position risk.\n* Convenient: Adjusting risk exposure for any asset pair is as straightforward as just buying/selling your ERC-20 exposure token.\n* Efficient: Rebalancing strategies are executed predictably and with minimal slippage.\n* Potentially Tax Optimized: In jurisdictions that tax in kind crypto transactions, SMART Exposure may remove the tax implications associated with rebalancing on your own.\n* Composable: As eTokens are fungible ERC-20 tokens they can be easily integrated into other protocols and services, or even be used as collateral\n\n## SMART Alpha\n\nUsers can take either a senior or junior position on a certain ERC-20-compatible asset in SMART Alpha pools (e.g., ETH, wBTC, [UNI](https://iq.wiki/wiki/uni)).\n\n1. When prices fall, juniors owe a portion of their underlying assets to the senior pool, but when prices rise, juniors receive more of the underlying.\n2. In exchange for partial exposure to upward moves, seniors receive entire price protection up to a particular threshold.\n\nPositions in both the junior and senior pools are represented by ERC-20 proofs of liquidity (e.g., senETH, junETH).\n\n### How to Use SMART Alpha\n\nSenior rates are calculated as a function of junior-side pool dominance in the current version of SMART Alpha. The greatest amount of downside price movement the underlying asset can experience in a week before senior depositors suffer dollar-denominated losses is known as the senior rate.\n\nJunior dominance is defined as the share of a given ERC-20 token’s pool that is comprised of junior depositors. There are two things to note under the current SMART Alpha model:\n\n* 80 percent of junior pool dominance is used to compute the senior rate.\n* For any particular period, the senior rate is set at 35% downside protection.\n\nSMART Alphs is perfectly fits for\n\n1. Treasuries Project: SMART Alpha seniors give downside price protection while subsidizing leverage for ardent users for project teams and DAOs with big holdings of their original asset.\n2. Borrowers with Collateralized Loans: Senior positions with adequate secondary liquidity may be a source of low-volatility collateral in DeFi lending markets.\n3. DeFi Traders: Junior positions offer a distinct type of leverage than other DeFi solutions, and it may be the only form of leverage available for a longer tail of assets.\n\n# Security\n\nBarnBridge has undergone security audits from firms including [Hacken](https://iq.wiki/wiki/hacken). The project also has an active bug bounty program with Immunefi to incentivize security researchers to find and report vulnerabilities, with a maximum reward of $250,000[\\[16\\]](#cite-id-aRPvXnQo4XMDpA9X).\n\n# How to buy BarnBridge\n\n* Open an account on an exchange that supports BOND. Major exchanges for trading BOND include Gate.io, [Kraken](https://iq.wiki/wiki/kraken), and Uniswap V2[\\[14\\]](#cite-id-loX8f5s4SvqdBSjG)[\\[16\\]](#cite-id-aRPvXnQo4XMDpA9X).\n* Deposit funds into your account.\n\nFund account with a bank transfer, pay with a credit or debit card, or deposit cryptocurrency from a crypto wallet to buy BarnBridge.\n\n* Buy BarnBridge\n\nComplete BarnBridge purchase and then find the best wallet to store BOND. As an ERC-20 token, it can be stored in any Ethereum-compatible wallet.\n\n## How to sell BarnBridge\n\n* [Sign](https://iq.wiki/wiki/sign) in to the exchange that has BOND on it, such as Gate.io, [Kraken](https://iq.wiki/wiki/kraken), or Uniswap V2[\\[14\\]](#cite-id-loX8f5s4SvqdBSjG)[\\[16\\]](#cite-id-aRPvXnQo4XMDpA9X). (If users store their BarnBridge in a digital wallet, compare crypto exchanges to sell it on)\n* Place a sell order. (Choose the amount of BOND to sell)\n* Complete your transaction (Confirm the selling price and fees and close sale of BarnBridge)\n\n# Pool 1 & Pool 2\n\nBarnBridge's two initial pools had their own distinct features that greatly set them apart. Pool 2, which was rolled out shortly after Pool 1, contained more safety measures, as the need for security is crucial for un-audited smart contracts like these. Pool 2 is a Uniswap pool, making it more secure and safe. Pool 1 was built from scratch by the firm.\n\n## USDC/BOND LP pool\n\nOn October 26th, 2020, the USDC/BOND liquidity pool incentivization scheme was begun. The idea of the effort was to reward long-term liquidity providers in the Uniswap USDC/BOND pool with increasing control over the protocol as they continue to demonstrate their support for the BarnBridge goal.\n\nTo stake in the pool users need to complete two steps:\n\n1. Provide liquidity in both [USDC](https://iq.wiki/wiki/usdc) & BOND to the and get LP tokens.\n2. Stake those LP tokens in the.\n\n## BOND hodl pool\n\nOn November 16th, 2020, BOND Hodl Pool was launched. It lasted 12 epochs (weeks) and gave out 60,000 BOND tokens to users as a reward. On February 8th, 2021, the BOND Hodl Pool came to an end. Users who have not yet claimed their prizes can do so by going to the pool page in the app.\n\n## DAO staking pool\n\nOn February 8th, 2021, the DAO [Staking](https://iq.wiki/wiki/staking) Pool was launched. It was created as a bonus for DAO participants who signed up early. Users earn incentives from the DAO rewards pool in addition to voting power. 610,000 BOND tokens were put into the pool, which were to be dispersed over 50 weeks. This program has since concluded.\n\nThe major difference between the two designs is the higher chances of impermanent losses. Meaning, by using Uniswap, a users APY earning from the pool can more easily outweigh the bigger losses caused by volatility 'during price discovery.' Discussing the difference in risk in a Medium post by the firm, they explain,\n\n> Joining pool 2 is far more speculative than joining pool 1. It’s like poker — there are pros in pool 2 just like there are card sharks in casinos[\\[11\\]](#cite-id-a1ir1sg0o5).\n\n# Team\n\n* **Troy Murray - Co-founder[\\[12\\]](#cite-id-g5xprwsi8n)**\n\nTroy is the founder of RUDE labs, a crypto-focused artist collective. Since 2012, when he was bitten by the [Bitcoin](https://iq.wiki/wiki/bitcoin) bug and has been going down the rabbit hole ever since, Troy has been studying the various benefits that [Blockchain](https://iq.wiki/wiki/blockchain) can bring to media and artists. Troy has spent the majority of his time working in and around the cryptocurrency field, with an emphasis on Ethereum-based initiatives. Prior to this, he worked on SingularDTV/Breaker and snglsDAO, both of which attempted to decentralize media and entertainment. In 2016, he was working on a Title III equity crowd fundraising platform with [Ethereum](https://iq.wiki/wiki/ethereum) coins.\n\n* **Tyler Ward - Co-founder**\n\nTyler is the CEO of Proof Systems, one of the top marketing and UI/UX firms focused on digital assets. Tyler has worked with companies like as ConsenSys, Earn.com (which was acquired by [Coinbase](https://iq.wiki/wiki/coinbase)), FOAM, Dether, and Grid+, as well as [Centrality](https://iq.wiki/wiki/centrality), Sylo (a decentralized messaging dApp with 300k members in New Zealand), [NEAR Protocol](https://iq.wiki/wiki/near-protocol), DARMA Capital, SingularDTV, and the snglsDAO. He began working with cryptocurrency in late 2016 and has since purchased and sold a number of e-commerce businesses.\n\n* **Milad Mostavi - Software Architect**\n\nMilad is the co-founder and CEO of DigitalMOB. He is a seasoned software architect who has worked with ConsenSys on a dozen distinct projects over the last five years. He was instrumental in the successful launch of SingularDTV and Gnosis, as well as orchestrating the growth of SingularDTV's entertainment decentralized ecosystem.\n\n* **Dragos Rizescu - Full Stack Developer**\n\nAt Digital MOB, [Dragos](https://iq.wiki/wiki/dragos) is in charge of product development. He has a full stack programming background and a penchant for creating highly scalable user interfaces. [Dragos](https://iq.wiki/wiki/dragos) has been at the forefront of web3 technology for the past five years. He co-founded Treum.io, a blockchain supply chain solution that provides high-value physical assets with transparency, traceability, and tradability. He was a member of the core team that launched Gnosis and SingularDTV as a developer, and he has advised and supported a number of projects in the ecosystem, most notably Alethio.\n\n* **Bogdan Gheorghe**\n\nBogdan considers himself a DeFi nerd; having a background in mathematics and data science, he has spent the past two years at Alethio performing statistical analysis on blockchain data, as well as using and researching nearly all DeFi protocols in order to give the Alethio product suite a DeFi flavor. He was in touch with all of the key protocol teams because he worked on development and sales for the Codefi DeFi data API. He is now a member of Digital MOB, where he is in charge of developing DeFi products as a product owner.\n\n# Advisors/Technology Partners\n\n* **Aaron McDonald - Co-Founder and CEO, Centrality**\n\nAaron is a 20-year IT industry veteran with experience leading teams across all parts of a technology company, including managing $1 billion in portfolios. Aaron co-founded [Centrality](https://iq.wiki/wiki/centrality), a $100 million global venture studio that supports a portfolio of ventures that use decentralized technology to create new market innovation and customer experiences. Aaron serves on the boards of directors or serves as an advisor to more than a dozen venture capital firms throughout the world. Aaron was named EY Entrepreneur of the Year in the category of technology and emerging industries in 2018.\n\n* **Atpar - the company behind ACTUS protocol**\n\nthe firm behind the ACTUS protocol, whose mission is to give the [Ethereum](https://iq.wiki/wiki/ethereum) community and the TradFi world the tools they need to realize their vision of an open, interoperable, and frictionless financial ecosystem. The Algorithmic Contract Forms Unified Standard (ACTUS), which is a formal representation of all types of financial contract types in terms of their financial commitments, is at the heart of the ACTUS Protocol.\n\n# Partnerships\n\nBarnBridge has partners with [UMA](https://iq.wiki/wiki/uma) to offer 'SMART' Alpha KPI Options. The BarnBridge DAO has approved up to 10,000 BOND for a test liquidity mining campaign utilizing [UMA](https://iq.wiki/wiki/uma) Protocol. This liquidity mining program will be used to bootstrap secondary liquidity for SMART Alpha junior and senior positions on the [Ethereum](https://iq.wiki/wiki/ethereum) mainnet in the ETH (USD) and BTC (USD) pools[\\[13\\]](#cite-id-34mauhmte78).\n\n## KPI Options\n\nBy replacing the native asset as the reward for liquidity mining participants, KPI (Key Performance Indicator) options address both of these dilemmas. Instead, users are given tokens that entitle them to a pro rata share of the native asset held in an escrow contract at the end of the contract's term.\n\n[Across](https://iq.wiki/wiki/across) DeFi, liquidity mining has proven to be an effective strategy for unleashing flywheels. Positive risk taking is subsidized by rewarding early users with upside in the form of a project's native asset, resulting in a higher probability for network effects to take root.\n\nSynthetic tokens with Key Performance Indicator (KPI) choices pay out additional rewards if a project's KPI meets predetermined criteria before an expiration date. Because their option is worth more, every KPI option holder has an incentive to increase that KPI. This is done to align the interests of individual token holders with the protocol's overall goals.\n\n# Initial Roadmap\n\nThe project's initial roadmap, detailing its development and launch phases through 2021, was as follows.\n\n#### 2019\n\nBarnBridge idea was Born\n\n#### 2020\n\n* $1M Seed Round closed\n* LaunchDAO launched\n\n#### 2020 (September)\n\nThe Smart Contract Development work started\n\n#### 2020 (October)\n\n* [Staking](https://iq.wiki/wiki/staking) Contracts Released\n* The BarnBridge BOND Token Release\n\n#### 2020 (November)\n\n* BOND for BOND [Staking](https://iq.wiki/wiki/staking) Contracts Released\n* BarnBridgeDAO was Announced\n\n#### 2020 (December)\n\nThe DAO Audits\n\n#### 2021 (January)\n\nBarnBridge DAO , Final touches and audits on the DAO , and DAO launches (EOM)\n\n#### 2021 (February)\n\nSMART Yield , Finalize & audit SMART Yield , [OpenZeppelin](https://iq.wiki/wiki/openzeppelin) Audit , and [Hacken](https://iq.wiki/wiki/hacken) Audit\n\n#### 2021 (March)\n\n* The SMART Yield Launch\n* Junior Token Incentive Program launches\n\n#### 2021 (May)\n\n* The introduction of SMART Exposure\n* Audit SMART Exposure\n\n#### 2021 (July)\n\n* SMART Exposure Launch\n* The SMART Exposure & SMART YieldLaunch on [Polygon](https://iq.wiki/wiki/polygon)\n\n#### 2021 (September)\n\n* SMART Alpha Launch","summary":"BarnBridge (Founded in January 2019) is a cross-platform fluctuation derivatives protocol. ","images":[{"id":"Qmeyz2ymg17BY2wDCCUjmfGEr434ErVnZBUeAJoQ8kUrWN","type":"image/jpeg, image/png"}],"categories":[{"id":"defi","title":"Decentralized 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Closes $1M Seed Round for Tokenized Risk\",\"timestamp\":1658940441116},{\"id\":\"vdzptvyvqfd\",\"url\":\"https://beincrypto.com/defi-farmers-go-bananas-for-bond-over-1m-liquidity-pours-in/\",\"description\":\"DeFi Farmers Go Bananas for BOND, Over $1M Liquidity\",\"timestamp\":1658976517098},{\"id\":\"q1se2o9pxw\",\"url\":\"https://app.barnbridge.com/pools\",\"description\":\"Pools\",\"timestamp\":1658976536719},{\"id\":\"jsj74322td\",\"url\":\"https://medium.com/barnbridge/introducing-barnbridge-3f0015fef3bb\",\"description\":\"Introducing BarnBridge\",\"timestamp\":1658976587315},{\"id\":\"cfrmllyo078\",\"url\":\"https://defirate.com/news\",\"description\":\"BarnBridge closes $1million seed round\",\"timestamp\":1658976651168},{\"id\":\"kwxrt605lgs\",\"url\":\"https://cryptoslate.com/defi-users-deposit-100-million-in-stablecoins-into-ethereums-latest-yield-farm/\",\"description\":\"DeFi users deposit $100 million in stablecoins into Eth\",\"timestamp\":1658976746150},{\"id\":\"2ue6ql7c0x\",\"url\":\"https://barnbridge.com/governance/\",\"description\":\"Governance\",\"timestamp\":1658976800590},{\"id\":\"rruqkgz9ho\",\"url\":\"https://medium.com/barnbridge/dao-first-a-new-governance-model-863e8434bf00\",\"description\":\"DAO First: A new governance model.\",\"timestamp\":1658976821189},{\"id\":\"3s5mkytli5e\",\"url\":\"https://medium.com/barnbridge/introducing-the-barnbridge-erc-721-the-nft-bond-collection-ca2be6aefa84\",\"description\":\"Introducing the BarnBridge ERC-721: The NFT $BOND Collection\",\"timestamp\":1658976847902},{\"id\":\"5srvypqxq94\",\"url\":\"https://medium.com/barnbridge/yield-farming-and-lp-incentivization-25eba3f55ec4\",\"description\":\"Yield Farming and LP Incentivization\",\"timestamp\":1658976881174},{\"id\":\"a1ir1sg0o5\",\"url\":\"https://medium.com/barnbridge/yield-farming-bond-the-risks-involved-7cefdba01b17\",\"description\":\"Yield Farming $BOND: The Risks Involved\",\"timestamp\":1658977003350},{\"id\":\"g5xprwsi8n\",\"url\":\"https://barnbridge.com/team/\",\"description\":\"Meet Our Team\",\"timestamp\":1658977036140},{\"id\":\"34mauhmte78\",\"url\":\"https://medium.com/barnbridge/barnbridge-partners-with-uma-to-offer-smart-alpha-kpi-options-79dcb8165878\",\"description\":\"BarnBridge Partners with UMA to Offer SMART Alpha KPI option\",\"timestamp\":1658977089145},{\"id\":\"loX8f5s4SvqdBSjG\",\"url\":\"https://coinmarketcap.com/currencies/barnbridge/\",\"description\":\"BarnBridge Price, Chart, & Market Cap\",\"timestamp\":1775055924781},{\"id\":\"el3RnSiaN5GVcxPn\",\"url\":\"https://twitter.com/barn\\\\_bridge?ref\\\\_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1304126213586169856%7Ctwgr%5Eshare\\\\_3\\\\&ref\\\\_url=httpshttps%3A%2F%2Fdefirate.com%2Fbarnbridge-seed-round%2F\",\"description\":\"Barnbridge on Twitter\",\"timestamp\":1775055924781},{\"id\":\"aRPvXnQo4XMDpA9X\",\"url\":\"https://www.coingecko.com/en/coins/barnbridge\",\"description\":\"BarnBridge Price, Market Cap, and Chart\",\"timestamp\":1775055924781}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmavDp2ZorcPVvxAW592uN5guk1WtEorbtxzSqTdDTVrcq\""},{"id":"commit-message","value":"\"Removed body content and profile information\""},{"id":"previous_cid","value":"QmavDp2ZorcPVvxAW592uN5guk1WtEorbtxzSqTdDTVrcq"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x7da121Af2c3Fc2e65eDCD3573a403C352B4538Aa"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":[],"founders":[],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"30675ee2-9d42-450a-b0d0-7826bd3eb6a5\",\"title\":\"BarnBridge\",\"description\":\"BarnBridge (Founded in January 2019) is a cross-platform fluctuation derivatives protocol. \",\"timestamp\":\"2026-04-01T15:11:04.385Z\",\"category\":\"Decentralized Finance\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x7da121Af2c3Fc2e65eDCD3573a403C352B4538Aa\",\"address\":\"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Introduction\",\"subtitle\":\"The introductory paragraph was updated with a more detailed protocol description and recent Total Value Locked (TVL) data.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Modified founding information from \\\"(Founded in January 2019)\\\" to \\\"(Founded in 2019, launched in September 2020)\\\".\",\"Expanded the protocol description to include its function as a DeFi protocol for creating risk-adjustable tokens [[14]](#cite-id-loX8f5s4SvqdBSjG).\",\"Added Total Value Locked (TVL) data from April 2026, showing a value of approximately $84,000 [[16]](#cite-id-aRPvXnQo4XMDpA9X)[[14]](#cite-id-loX8f5s4SvqdBSjG).\"]},{\"title\":\"Overview\",\"subtitle\":\"This section was updated with added context, internal links, and a video, while removing redundant information.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Added a video detailing the BarnBridge project.\",\"Removed a duplicate paragraph about the $1 million seed round.\",\"Added internal links for Synthetix, Aave, Centrality, DAI, and sUSD.\"]},{\"title\":\"Token - $BOND\",\"subtitle\":\"Information about the BOND token was expanded, including its availability on other networks and an explanatory video.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Added information that the BOND token is available on the Ethereum, Arbitrum, and Optimism networks [[16]](#cite-id-aRPvXnQo4XMDpA9X).\",\"Embedded a new video related to the token.\",\"Added an internal link for Nick Mudge.\"]},{\"title\":\"Tokenomics and Market Data\",\"subtitle\":\"A new section was added to provide market data and tokenomics for the BOND token.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added a new section 'Tokenomics and Market Data' with statistics from April 2026 on circulating supply, market cap, and all-time high/low prices [[14]](#cite-id-loX8f5s4SvqdBSjG)[[16]](#cite-id-aRPvXnQo4XMDpA9X).\"]},{\"title\":\"Contract Addresses\",\"subtitle\":\"A new section was added to list the official contract addresses for the BOND token.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added a new section 'Contract Addresses' listing the token contracts for Ethereum, Arbitrum One, and Optimism [[16]](#cite-id-aRPvXnQo4XMDpA9X).\"]},{\"title\":\"Initial Vesting Schedule\",\"subtitle\":\"The 'Fair Vesting' section was renamed and its content was updated to reflect its historical nature.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Renamed section from 'Fair Vesting' to 'Initial Vesting Schedule'.\",\"Updated phrasing to past tense to indicate the vesting schedule started in 2020.\"]},{\"title\":\"Direct Deposit: DAO Staking\",\"subtitle\":\"The DAO staking section was updated to clarify that a past rewards program has ended.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Added a note that the rewards pool introduced on February 8th, 2021, has since concluded.\",\"Added internal links for 'staking'.\"]},{\"title\":\"Security\",\"subtitle\":\"A new 'Security' section was added to detail the project's audits and bug bounty program.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added a section detailing security audits by firms like Hacken and the active bug bounty program with Immunefi [[16]](#cite-id-aRPvXnQo4XMDpA9X).\"]},{\"title\":\"How to buy BarnBridge\",\"subtitle\":\"The guide for buying BOND was updated with specific exchange examples.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Added Gate.io, Kraken, and Uniswap V2 as major exchanges for trading BOND [[14]](#cite-id-loX8f5s4SvqdBSjG)[[16]](#cite-id-aRPvXnQo4XMDpA9X).\",\"Added clarification that BOND can be stored in any Ethereum-compatible wallet.\"]},{\"title\":\"How to sell BarnBridge\",\"subtitle\":\"The guide for selling BOND was updated with specific exchange examples.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Added Gate.io, Kraken, and Uniswap V2 as examples of exchanges to sell BOND on [[14]](#cite-id-loX8f5s4SvqdBSjG)[[16]](#cite-id-aRPvXnQo4XMDpA9X).\"]},{\"title\":\"Pool 1 & Pool 2\",\"subtitle\":\"The descriptions of the initial pools were updated to reflect their historical status.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Changed wording from 'have' to 'had' to indicate the pools were part of the initial launch.\"]},{\"title\":\"DAO staking pool\",\"subtitle\":\"The description of the DAO staking pool was updated to reflect it has concluded.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Clarified that the DAO Staking Pool program, which launched in February 2021, has since ended.\",\"Added an internal link for 'Staking'.\"]},{\"title\":\"Roadmap\",\"subtitle\":\"The 'Roadmap' section was renamed to 'Initial Roadmap' and updated with new links.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Section was renamed to 'Initial Roadmap'.\",\"Added internal links for Staking, OpenZeppelin, Hacken, and Polygon.\"]},{\"title\":\"Videos\",\"subtitle\":\"Three new videos were added to the wiki.\",\"variant\":\"added\",\"changeCount\":3,\"changes\":[\"Added video 'Q3N1o2W6-CM'.\",\"Added video 'LMP1_59sT_s'.\",\"Added video 'tS4oMWBvmpM'.\"]},{\"title\":\"References\",\"subtitle\":\"The references were updated, with several new sources added and outdated ones removed.\",\"variant\":\"modified\",\"changeCount\":7,\"changes\":[\"Added reference: 'BarnBridge Price, Chart, & Market Cap' from coinmarketcap.com.\",\"Added reference: 'Barnbridge on Twitter'.\",\"Added reference: 'BarnBridge Price, Market Cap, and Chart' from coingecko.com.\",\"Removed reference: 'Barnbridge on Twitter' (old link).\",\"Removed reference: 'BarnBridge Project Cal' (YouTube).\",\"Removed reference: 'BarnBridge ($BOND) - A DeFi Protocol for Tokenizing Risk' (YouTube).\",\"Removed reference: 'Beat the DROPS with Barnbridge's SMART Alpha' (YouTube).\"]},{\"title\":\"Links\",\"subtitle\":\"Internal links were added throughout the article to provide more context on related topics.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added numerous internal links for entities such as OpenSea, Yield Farming, Aragon, Bitcoin, Blockchain, Ethereum, Coinbase, NEAR Protocol, UMA, and others.\"]}]}]}"}