How to Farm $BOND with BarnBridge

📺 This is a Bankless Tutorial powered by DeFi Dad! Subscribe to DeFi Tutorials by DeFi Dad on KZbin by going to: defidad.com/ and watch his daily DeFi livestream on Yield TV powered by Zapper at tv.zapper.fi.
Learn about the new BarnBridge protocol for tokenizing risk in DeFi! We can look forward to future BarnBridge offerings where we pull together different decentralized protocols (ie Maker + Aave) and allow for a normalized risk curve and derivatives for risk mitigation. DeFi Dad shows us how to earn the BOND governance token which powers BarnBridge.
DeFi Dad walks us through the following:
1️⃣ What is BarnBridge and why it matters in DeFi
2️⃣ How to stake stablecoins in the BarnBridge app
3️⃣ Recap of risks
Helpful resources referenced in the video:
🛠️ Try this out at: barnbridge.com
🛠️ Track your BarnBridge staked balances with your DeFi portfolio at zapper.fi/
🛠️ Find recommended gas prices at: gasnow.org
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Video by: @DeFi_Dad
Follow @DeFi_Dad on Twitter
For more DeFi Tutorials with DeFi Dad, subscribe to his KZbin channel at defidad.com/.
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Disclosure, Disclaimer, & Risks: DeFi Dad is a member of the Zapper team. This is not financial advice and you should approach all DeFi applications, wallets, and protocols with caution. Please be aware there is always risk in using DeFi, including technical risks (ie smart contracts hacks), financial risks (ie liquidity crises), potentially admin risk (admin key compromise, governance vulnerabilities) and the risk of a pegged asset like a stablecoin failing. It is also risky to use leverage because you can amplify your losses with larger positions.
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
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[@joblo8914]

This is an old post, but I think Bond will one day be great after ETH 2.0 kills the gas fees. RN it’s silly to use when often the fees cost more than rewards given! But when ppl realize what this does for increasing volatility for profit it’ll take off and when big fish decide they want more exposure to DeFi but more stable this will maybe be a multi billion dollar market cap

[@BuzzViralVideos]

Bond is up %300

[@curtisjackson3556]

Yupppppp

[@curtisjackson3556]

This aged nicely

[@crypto_coke]

Should you stake your bond with a stablecoin on uniswap to avoid impermanent loss or nah?

[@athomenotavailable]

Gas fees were so cheap last year :'(

[@FidelHimself]

Defi dad has been killing it with videos

[@KillerSaiyan]

staked my bond for about 4 epochs (each epoch is 5 days) i only received 1.87 bonds because the bond staking finished. It costs $130 for me to claim my rewards of roughly $100 lol. Beyond unhappy rn

[@papadraq]

What's the use case for this token?

[@Erly_AM]

whats the point of this? how would i mine barnbridge

[@yanikkoval9948]

do they have a contract audit?

[@emiliobarbieri2166]

yes

[@robg3997]

I'm torn between starting to do this or just buying a mining rig... decisions decisions

[@Mediatomcat]

How are things going with Barnbridge. You still happy?

[@emiliobarbieri2166]

The reward does not seem to be very appealing for this protocol, thoughts ?

[@PaddlePartner]

Thanks bro

[@MetalBum]

Defiiiiiiiii. Freeeeedommmmmmmm💪🏼💪🏼💪🏼

[@luther7541]

The risk for me is losing the potential reward from other staking because i would have to remove my stake and the gas price. 🤔

[@QuickShowz]

Hold

[@Bldkkr]

I appreciate you making these vids but paying 3$ gas fee for a stupid smart contract is ridiculous. I've send over 3 bitcoins the other day for a 20 cent fee. I'm bearish eth/btc for the time being.

[@sinanoe2556]

This didnt age well

[@Bldkkr]

@@sinanoe2556 Look at the ETH/BTC chart and show me where it didn't age well 🤷‍♂️ Eth has been losing bitcoin value for weeks now

[@chadlimestall9201]

@@Bldkkr This didnt age well either...