BondAppetit

BondAppétit is based on the Ethereum blockchain and provides a wide range of unique features:

• Real-world collateral (bonds);
• An infrastructure that connects decentralized finance and traditional debt instruments with the participation of regulated securities and cryptocurrency broker/dealers;
• Use of real-world debt obligations (and corresponding interest payments) within the protocol to provide real fiat cash-flow to governance token liquidity pools.

It also includes all standard DeFi features:

• Ethereum-based smart contracts;
• Stablecoin tied to assets of the protocol;
• Community-owned Governance token — the value of which grows along with the profit of the protocol and its development;
• Incentivization mechanisms for the community, including the distribution of the protocol’s profits and Supporting its liquidity providers of liquidity providers.

The main asset inside the protocol’s ecosystem is the stablecoin — BondAppétit USD (USDap). The price of USDap equals $1 at all times. The token is issued only if the protocol has sufficient collateral. Information regarding the collateral can be checked through blockchain at any time. The USDap price is balanced automatically based on a basket of real-world debt obligations that form part of the protocol’s assets.

The borrowing process is built in the most convenient way for a borrower in order to ensure compliance with regulatory and financial requirements and the conclusion of an appropriate agreement. A borrower can receive funds in fiat as well as in crypto.