Canadian project

Loans have always been a popular way among businesses to acquire capital for growth and expansion. As a result, the popularity of cheap borrowing led the global bond market value surge to a whopping $130 trillion. However, just like the 2008 financial crisis, the COVID-19 pandemic led banks worldwide to raise their interest rates and tighten the rules, effectively cutting off startups and enterprises from so much needed funds.

The consequences have not waited long. In the US alone, 20 million people lost their jobs amid failing businesses struggling to overcome the implications caused by the health crisis. Yet, hard times bring new opportunities. The rapid development of decentralized finance (DeFi) in 2021 paved the path to a new type of financial support tool. With no dependency on credit checks and lengthy approval procedures, decentralized lending protocols have the potential to let businesses borrow at a favorable level and continue operating and growing. BondAppetit aims to utilize the technology and build an all-around solution to answer the demand for cheap capital.

While DeFi space is highly rewarding, it remains risky. The crypto market is notorious for being volatile, meaning most market players in the lending niche utilize the practice of demanding overcollaterization and backing greater than the loan itself. For business owners, this means that the provided capital can be liquidated at very short notice, making them think twice before agreeing to terms.

What Is BondAppetit
BondAppetit is a startup founded in 2021 with a goal to provide corporate loans and short-term liquidity for business, no matter large or small, by connecting the world of bonds and crypto.
What is USDap
BondAppetit gives out loans in USDap. USDap is a native token backed by global yield-generating bonds. The bonds are kept in a licensed custodian, and funds can be checked at any time by anyone here. BondAppetit accepts collateral based on real-world assets, allowing the startup to offer potential borrowers better and more favorable terms when compared to other market players.