BondAppetite USD is the first and the only DeFi protocol with a stablecoin fully backed by real-world assets with a fixed periodic income. Businesses can borrow money (in fiat as well as in crypto) from the protocol, providing bonds as collateral.

BondAppetite USD 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.

The main asset inside the protocol’s ecosystem is the stablecoin — BondAppetite 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.