Bondify

What is Bondify?

Bondify is a DeFi liquidity infrastructure for RWA assets. CIAN is not a project that directly issues RWAs, but rather a "central bank" that provides standardized liquidity solutions for all high-quality RWA assets.

What are the core problems that Bondify attempts to solve?

Bondify mainly addresses the liquidity and utility dilemmas of RWA and yield-bearing assets in DeFi, Although these assets have stable returns, they generally face the following issues:

Lack of efficient circulation capability: As collateral, they lack 24/7 liquidity and don't meet the liquidation requirements of mainstream lending protocols. They also lack infrastructure (such as oracle price feeds).

Liquidity silos: The liquidity of various interest-bearing assets (especially RWA) will be fragmented across different trading pairs and different chains. Project teams need to provide large amounts of independent capital for each trading pair, resulting in low capital efficiency and scattered liquidity.

Difficulty in attracting deposits: Due to unclear exit mechanisms and lack of additional incentives, it may also lead to difficulties in attracting funds.

In plain terms: These RWAs cannot be exchanged for USDC in [large quantities] and [quickly], so mainstream DeFi protocols cannot accept them as collateral assets, preventing them from participating in the DeFi ecosystem.

What solutions does Bondify provide for the above problems?

Bondify provides a complete solution through its core Collateral Bond Reserve (CBR) system and the Sovereign Liquid Bond (SLB) it issues:

Issuing SLB as a liquidity bridge: Users can deposit long-term, high-quality interest-bearing assets like RWA into CBR vaults and mint SLB accordingly. SLB is designed as a universal "centralized bridge currency" that connects all RWA assets by establishing trading pairs like (RWA, SLB) and (SLB, USDC), serving as a universal medium. Combined with Staple DEX's liquidity sharing mechanism, it connects originally isolated asset pools, breaking liquidity silos and creating a "many-to-many" liquidity network specifically for interest-bearing assets.

Maintaining price stability through SLF and dynamic rates: SLB's price is supported by the Standing Lending Facility (SLF) to maintain its 1:1 peg with USDC. Meanwhile, stability fees for external borrowers are dynamically adjusted based on SLB's price. When SLB depegs, rates become extremely high to suppress selling pressure, thereby protecting price stability.

Refined risk management: The system employs advanced risk control mechanisms, including:

• Dynamic LTV model: Independently calculates the LTV for each collateral based on multiple dimensions including liquidity, market cap, volatility, and risk factors, precisely quantifying the risk coefficients of interest-bearing assets.

• Liquidity-adjusted debt ceiling: Debt ceilings are no longer fixed values but are dynamically adjusted through "unstaking factors" and "market depth factors," ensuring that the system's debt scale matches the real liquidity of assets. The unstaking factor considers the speed, cost, and scale of on-chain staking; the depth of on-chain exit liquidity; as well as the speed, scale, and channels of offline redemption.