Risk tokenizing protocol BarnBridge is launching a spin-off project on which punters play using its native BOND token.
The platform will offer a variety of activities, including sports betting, slots and “no-loss” lotteries.
BarnBridge has vowed to sweeten the deal further by teaming up with PoolTogether and creating a weekly no-loss lottery. That in turn will lead to DeFi yield farming pools that will allocate lottery tickets as prizes to depositors who will then compete for a share of the weekly pool.
Unlike other projects that require you to stick with your liquidity for a fixed amount of time, Bond.Bet will allow you to withdraw your deposit at any time, without incurring any losses.
The no-loss concept is not a fad, it seems, and Bond.Bet is planning to start adding “no-loss slot games” to improve the offer even further.
There is also a sportsbook planned that will use a tokenized model which enables players to turn their bets into tokens and sell them on secondary markets. In essence, using prediction market tokens.
On the other hand, players will have the opportunity to use tokenized bets to enable “decentralized future contract cryptocurrencies”.
According to BarnBridge, tokenized gambling fits right into its strategy to create products that carry a smaller risk for players and are an efficient way to get involved with DeFi as an investor.
Naturally, senior token holders would have a better and more stable ROI compared to junior token holders. Junior holders would be more susceptible to crisis across the ecosystem, but they would be getting much higher yields to compensate for that.