Optim Finance provides a platform for buying and issuing bonds on the Cardano ecosystem. These bonds can be used to raise funds for delegation to a stake pool, which helps small stake pool operators mint blocks consistently. Additionally, ADA (the cryptocurrency used within the Cardano ecosystem) can be delegated to a stake pool participating in an Initial Stake Pool Offering (ISPO) to earn extra token rewards.
Optim Finance’s app allows users to issue bonds, buy bonds, and view active bonds in the ecosystem. This has become popular for raising extra ADA for ISPOs.
However, the challenge was the absence of a simple method to sell these bonds if needed. Danodo’s protocol provides a solution by facilitating peer-to-peer trading of these bonds on their marketplace. Users can buy and sell bonds, potentially benefiting from yields higher than the regular staking rewards.
Additionally, Danodo is not just limited to bonds; they are also venturing into DEX aggregation. They allow users to trade ADA and buy tokens, working with other DEXs like Minswap and Wingriders.
The Cardano ecosystem has been experiencing a surge in Total Value Locked (TVL) since the beginning of the year, suggesting a growing interest in these financial protocols.
Find out more at https://danogo.io/