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    SuperBonds raises $3m to launch on Solana

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    Will create a market for fixed-interest rates.

    SuperBonds, a Solana-based DeFi market, has just closed a seed funding round of $3mm, with oversubscribed interest.

    The platform will launch DeFi’s first fixed-interest rate market, enabling users to generate guaranteed returns.

    DeFi has shown a natural affinity for yield generation, and in the pursuit of higher yield, has left a gap for those seeking a fixed return for a fixed duration. “APYs are a misnomer. Yields are fleeting in this space, and little is known about what you will accumulate. SuperBonds will allow buyers to purchase fixed-duration, fixed interest-rate outcomes. The certainty of knowing that what you own will be worth X at some future point has strong implications; it’s not just about peace of mind, but also about creating a new form of collateral. Something that is appreciating, in your custody, and becomes usable elsewhere. That’s the idea,” said the CEO of SuperBonds.

    The platform will initially be launched on Solana, but the aspiration is to become a cross-chain Dapp, and one that is transparently run fully on-chain and by the community. “Bridges as a standalone solution feel like they’re missing something. It’s like custody, the idea is to leverage it into something like PB. Likewise, bridging should be a natural function of Dapps being chain-agnostic and having a presence most everywhere. That would make the user experience more efficient,” he added.

    SuperBonds will be sustained by SuperB, a deflationary gas token. The platform aims to be live in Q1 of 2022.

    The round was led by Los Angeles based Commonwealth Asset Management and also included key crypto-native investors LVNA Capital, Polychain Capital, and Genesis Block Capital.

    Media Contact
    Company Name: SuperBonds
    Contact Person: Media Relations
    Email: Send Email
    Country: United Arab Emirates
    Website: www.superbonds.finance

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    Shweta Raghavhttps://cryptonic.news
    Shweta Raghav is a distinguished blogger with a decade of experience, specializing in the dynamic world of cryptocurrency and blockchain technology. With an engineering background from Rajasthan Technical University, Kota, Shweta has seamlessly blended her technical expertise with her passion for writing to become a leading voice in the crypto community. She is the visionary behind Cryptonic.news, a platform dedicated to providing insightful analysis, news, and updates in the cryptocurrency space. Beyond her primary focus on cryptocurrency, Shweta maintains a broader interest in technology and education, as evidenced by her successful blog at edubuzspot.blogspot.com. Here, she explores a variety of topics, offering her readers a wealth of knowledge drawn from her extensive experience and engineering background. Shweta's journey in the digital space is driven by a deep-seated commitment to demystifying complex technological concepts for her audience, empowering them with the information needed to navigate the rapidly evolving tech landscape. Her work not only reflects her expertise in engineering and technology but also her skill in making these subjects accessible and engaging to a broad audience. As a mentor and influencer, Shweta is dedicated to fostering a community of learners and enthusiasts who are as passionate about technology and innovation as she is. Her contributions to the field have not only earned her a respected place in the blogging community but have also made her a trusted source of information and inspiration. For the latest insights into the world of cryptocurrency and technology, follow Shweta on her blog at cryptonic.news and edubuzspot.blogspot.com, or reach out to her at shwetaraghav39@gmail.com.

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