The demand for cryptocurrency has skyrocketed in recent years. According to statista, there were more than 6000 cryptocurrencies in existence by 2021, a staggering increase compared to 2013. With the skyrocketing demand, the industry is constantly adapting and evolving its technology to meet the changing demands of the market. One such platform is SuperBonds, the first-ever Defi fixed income market. It is based on Solana, a blockchain that works without the traditional high fees.
SuperBonds allow investors to provide credit to borrowers such as businesses and governments. The borrower uses the money to fund the business while the investor earns interest on the investment. These are usually low-risk options, with an average annual return of about 5%, making them a popular investment option, especially in the traditional finance market. As the investors typically invest in diversified portfolios to offset higher risk investments, but often with high fees.
SuperBonds also allow investors to buy bonds and ensure guaranteed returns in $USDC.
Users get the freedom to save their investment in any wallet. Investors can put their money in their favourite wallet. SuperBonds avoid high transaction costs by using a low-cost Solana network.
In addition, many CeFi (centralised finance) products in today’s crypto space essentially require the storage of funds within the platform to generate revenue, which DeFi (decentralised finance) provided an alternative to this problem.
