The cross-platform derivatives agreement BarnBridge locked more than 130 million US dollars within 24 hours

The cross-platform derivatives protocol BarnBridge started liquidity mining within 24 hours, and the lock-up volume exceeded 130 million US dollars.

< p line="A1nX">According to Rhythm’s previous introduction, BarnBridge plans to create the first cross-platform derivative agreement for all token prices or index volatility in the current DeFi market. The first will focus on yield sensitivity and market prices. Afterwards, BarnBridge plans to introduce more types of hedging to deal with fluctuations in the decentralized ecosystem.

By dividing digital assets into infinite, independent, dollar-denominated parts, and building from these parts Derivatives can reduce the risk of digital assets and the sensitivity of digital asset returns. BarnBridge aims to smooth the risk curve by building more efficient debt and yield-based derivative products, and provide DeFi and tradFi investors with layered risk management.

Reference reading:

《What is BarnBridge that both Aave and Synthetix founders invest in? |Project Introduction》

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