Bondly and SpiderDAO: Bringing Trust to DeFi
Bondly, a blockchain e-commerce protocol designed to revolutionize peer-to-peer swaps and digital marketplaces is excited to announce its partnership with SpiderDAO, the world’s first hardware DAO built on Polkadot.
The power of decentralized applications lies in their ability to eliminate intermediaries and guarantee trust on the internet. As DeFi and other crypto verticals push for exponential growth, it becomes increasingly important to ensure that this trustless structure is adequately secured. At Bondly, our trust-enabling products like BondSwap and BondProtect are designed to facilitate safe and secure commerce. At the same time, SpiderDAO aims to modernize the system of DAO governance by making it fair and whale-resistant. Both of our teams understand that without the innovation of the existing trust models, crypto and DeFi are unlikely to achieve mass adoption.
This partnership is just the beginning, and we fully expect to collaborate with the SpiderDAO team on multiple aspects of decentralized governance. There are significant synergies between our projects: Both are building on top of Polkadot, as we understand that interoperability is critical to future growth. Cross-chain communication, for instance, is a natural area for collaboration.
The partnership between Bondly and SpiderDAO will be mutually beneficial to both projects and add significant value across our communities. We look forward to working with the SpiderDao team on enabling trust within digital marketplaces and facilitating growth in e-commerce on the blockchain. In due course, we will reveal further hardware-related details about this partnership. Stay tuned!
Nathan Varty, SpiderDAO CEO:
“Our Partnership with Bondly will unlock new opportunities in decentralised governance and allow us to offer Interoperable and transparent transactions”
Bondly is an interoperable, transparent, and portable swap protocol designed to revolutionize traditional escrow methods and make everyone into their own digital marketplace. Our family of trust-enabling DeFi products is designed to be a part of everyday buying and selling activities, giving peace of mind for swap or online purchases. Our product BProtect is a DeFi enabled eCommerce gateway specializing in integrating into your favorite online marketplaces very simply and easily with no integration fees, just staking tokens.
SpiderDAO’s vision is to bring unparalleled online privacy to the end-user. As a Decentralized Autonomous Organisation (DAO), requires addressing the shortcomings of current DAO frameworks. We do so through a multi-layered governance setup based on hardware and software tools on top of a Fair & Resilient Hardware-based DAO built on Polkadot.
Our ecosystem, then, is built on the foundations of fair governance. It includes the SpiderDAO, SPDR Token, and the SpiderConnect Router, which come together to create a robust, scalable, and community-driven ecosystem that will keep up with the pace of technology change and stand the test of time. Today, we would like to shine the spotlight on the SPDR token and its utility within the SpiderDAO ecosystem.