BarnBridge is a wave derivative protocol.
The $BOND token will be the governance token of the system, giving $BOND holders the right to vote on updates to the platform. Combined with governance mechanisms and incentive holders, it will serve as a means of aligning different stakeholders in the system. $BOND will also be used as a security and policy management medium. The key to the success of DeFi protocols lies in the automated governance of decentralized incentives to incentivize participants and enable security, sustainability, and participant welfare.
BarnBridge DAO will be a DAO controlled by the $BOND community. The BarnBridge DAO will have full control over the protocol and its built-in functionality. We do this by using the Diamond Standard (EIP-2535), which allows us to upgrade the protocol without requiring all members to delete their tokens and switch to version 2 of the protocol when it comes up. The BarnBridge DAO will take full control of Diamond, providing amazing flexibility to the WEB3 space.
$BOND is an ERC-20 token. It will be used for the staking system and as a governance token when starting the governance module. Since it is ERC-20 compliant, the $BOND token is tradable on any exchange and stored in any wallet - allowing anyone in the world to access it.
