{"id":42375,"date":"2021-05-12T19:03:01","date_gmt":"2021-05-12T16:03:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42375"},"modified":"2025-08-30T22:56:19","modified_gmt":"2025-08-30T19:56:19","slug":"how-to-earn-from-business-loans-a-look-at-the-defi-protocol-bondappetit","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/how-to-earn-from-business-loans-a-look-at-the-defi-protocol-bondappetit\/","title":{"rendered":"How to Earn from Business Loans: A Look at the DeFi Protocol BondApp\u00e9tit"},"content":{"rendered":"

In March 2021, Telegram raised<\/a> $1 billion through a bond issuance. The face value of a single security was $1,000, and the minimum lot was $500,000.<\/p>\n

According to the founder of the DeFi protocol BondApp\u00e9tit<\/a> Artem Tolkachev, issuing bonds is a fairly labour-intensive process. Document preparation takes a lot of time, and arrangers charge up to 10% in fees.<\/p>\n

A solution may lie in uniting the bond market with the digital-asset market, an effort pursued by the BondApp\u00e9tit team. Here is how to obtain a loan for a business through the protocol and earn from staking BondApp\u00e9tit tokens.<\/p>\n

What is BondApp\u00e9tit<\/h2>\n

BondApp\u00e9tit is a DeFi protocol that issues the stablecoin USDap (BondApp\u00e9tit USD) and the governance token BAG (BondApp\u00e9tit Governance). The protocol has been operating since April 5, 2021.<\/p>\n

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\u201cBondApp\u00e9tit’s mission is to connect the crypto market with the market for traditional debt instruments and to lower borrowing costs for businesses,\u201d says Artem Tolkachev.<\/em><\/p>\n<\/blockquote>\n

The protocol runs on the Ethereum blockchain. On May 7, the BondApp\u00e9tit team published a proposal to launch the protocol on Binance Smart Chain (BSC). The project will launch a liquidity pool on the decentralized exchange PancakeSwap. BondApp\u00e9tit will use the BurgerSwap gateway to integrate with BSC.<\/p>\n

The security of BondApp\u00e9tit’s code was tested by MixBytes, a company that specialises in decentralized software products.<\/p>\n

USDap has no centralized issuer. The protocol issues stablecoins only when the necessary collateral\u2014a basket of bonds\u2014is in place. The collateral’s value is regularly updated by oracles. They pull data from Bloomberg and CBonds.<\/p>\n

Governance of the Protocol<\/h2>\n

Holders of BAG can vote on protocol changes and initiate votes with more than 1% of the tokens.<\/p>\n

The total supply of governance tokens is 100 million BAG. BondApp\u00e9tit will distribute them over two years:<\/p>\n