Bonzo Finance AMA - June 2025
The Spaces session was a Bonzo Finance AMA focused on their recent developments and future plans. Key topics included their focus on integration with MetaMask, additional asset listings, UI/UX improvements, and long-term objectives such as liquidity management and bridging with layer 0. Discussions also covered potential new features for NFTs, the feasibility of adding certain assets like wrapped Bitcoin, and strategies for community-driven token distribution. Additionally, security and audit processes were examined, as well as the challenges faced with CoinMarketCap listings and questions about interest rates. The session concluded with discussions on securing more funding, driving adoption, and increasing user participation both from existing Hedera users and those from other networks.
Bondo Finance AMA Summary - June
Introduction and Disclaimer
The session began with Ren Lee from Bondo Finance introducing the co-hosts, Stanley and Gran. Ren stressed that opinions shared are personal and advised participants to conduct their own research before making financial decisions.
Current Team Focus
Brady, CEO of Bondo Finance, outlined the team's short-term and long-term objectives:
- Short-term:
- MetaMask Support: Enhance liquidity through MetaMask integration, especially with multi-chain and bridging support.
- Asset Listings: Continue listing new assets on Bonzo Lend with a focus on risk management, Oracle price feeds, and minimum liquidity.
- UI/UX Improvements: Aiming for a revamp similar to Saucer Swap.
- Long-term Goals:
- Establishing Bonzo Finance as the liquidity layer for Hedera, filling gaps in decentralized lending.
- Development of yield strategy vaults similar to Beefy Finance and bridging experiences through Layer 0.
- Collaborating with asset issuers for broader integration across Web3 platforms.
Future Plans for NFTs
There are no immediate plans for additional NFT utilities beyond point multipliers, although community feedback is welcomed. Recent features include the Discord faucet for NFT holders to claim Bonzo tokens.
Asset Pool and Liquidity Discussion
Brady and Gran addressed concerns about future asset listing and liquidity:
- Galaxy Asset: Currently not listed due to liquidity constraints in Saucer Swap.
- Wrapped Bitcoin (WBTC): The plan is to eventually add actual WBTC from direct bridging partners while ensuring liquidity and necessary infrastructure are in place.
- Interest Rates and Tokenomics: Current focus is on sustainable interest rates based on liquidity and ecosystem demand rather than fixed rates, which depend on solving technical limitations.
Token Distribution Strategy
Remaining token distribution strategies are aligned with a five-year unlock schedule aimed at ensuring long-term sustainability, involving:
- Community rewards
- Single-sided staking
- Liquidity incentives
Market Listing Challenges
Challenges were noted with the Coin Market Cap listing process, with efforts ongoing despite delays, preferring non-paid listing to manage operational expenses.
Security and Audits
Gran explained Bonzo's commitment to security through multiple audits, including real-time monitoring for issues like TVL drops, and ongoing collaborations for continuous protocol safety.
Plans and Strategies for Adoption
Big focus on driving adoption and attracting users from centralized exchanges or other networks through:
- Efficient transitioning through ecosystem using wallets like Hashpack and Kabila.
- Introducing incentives to attract users on-chain.
- Addressing barriers in user journeys to ensure seamless transitions from other networks.
Funding and Further Development
Brady confirmed the ongoing support from Hedera Foundation in line with Bonzo Finance's mission, specifically focusing on becoming Hedera's liquidity layer.
Closing Remarks
Brady and Gran expressed gratitude for community engagement. They underscored the importance of community questions in shaping future sessions and pledged continuous support and development efforts.