Altcoin in the decentralized finance (DeFi) sector has significantly outperformed the entire crypto market in the last seven days as the project prepares for the next phase.
BarnBridge (BOND) is a cross-platform risk management protocol aimed at minimizing the risks associated with DeFi for users.
BOND, BarnBridge’s ERC-20 token used for governance and staking, soared from a minimum of $ 2.94 to a maximum of $ 24.11 this week, recording a surge of over 720% in just seven days.
This rally is in anticipation of the latest updates to the project. Barn Bridge Twitter page To tell The release of version 2 (V2) of the project is imminent.
“This is a reminder of the arrival of BarnBridge v2. Audits are underway and sustainable fixed yields are underway.”
Looking at BarnBridge’s Discord server, co-founder Tyler Ward states that most of the front-end and back-end code for the update will be completed by August.
“The code is approaching. We are at a stage where we feel that things are happening faster than expected and slower than expected. This is because things are getting together and the timeline is more realistic. Is shown.
At this point, we had a great auditing company that could continuously submit changes through auditing, so we were able to update the frontend and backend in sync.
The codebase front / back end (with changes from audit) is expected to be completed by August 9th. There are still some back end jobs to do. From there, it’s going to be a week to start pushing things out with a soft launch. “
At the time of this writing, BOND has returned slightly from its weekly highs and is trading at $ 22.16.
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Featured images: Shutterstock / mim.girl / artjazz
