Bound Finance
@BoundFinance
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Introducing the first LSDfi protocol transaction layer that allows ~12% cashback on any credit/debit card transactions.
LSDFi
Joined July 2023
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Last Seen Profiles
Pinned Tweet
🙌 We are thrilled to announce that the Cashback testnet Beta is now LIVE.
🔗 Visit this link:
⬇️ Here’s how you can get started:
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Over 25% of UK households have less than £1500 in savings & investments. This equates to just one month of household bills. 🤯
What if there was a way to help save money every time you spent it? 🤔
Bound Finance aims to provide this 👇
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Bound Finance is bringing a new utility to
@LybraFinance
‘s $eUSD.
Bound Finance = $eUSD + TradFi
Beta Testnet is ready for late November / Early December.
Learn more below 🧵🤝
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🚀 𝗧𝗛𝗘 𝗪𝗔𝗜𝗧 𝗜𝗦 𝗢𝗩𝗘𝗥! 𝗪𝗲 𝗮𝗿𝗲 𝗲𝘅𝗰𝗶𝘁𝗲𝗱 𝘁𝗼 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲 𝘁𝗵𝗲 𝗹𝗮𝘂𝗻𝗰𝗵 𝗼𝗳 𝗕𝗼𝘂𝗻𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗕𝗲𝘁𝗮!
🤯𝗟𝗮𝘂𝗻𝗰𝗵 𝗗𝗮𝘁𝗲: On 18 December 2023, 18.54PM GMT/ UTC +0.
We will be releasing the testnet beta of cashback app and updated
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🚀 We are excited to announce that the crypto testnet V2 is NOW LIVE!
👉 Testnet Link:
❗️Please ensure that you are connected to the Goerli test network.
🗓️ The cashback beta app will launched on the 21st December 2023, 18.54PM GMT/ UTC +0.
Join our
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🚨CONTRACTS GOERLI TESTNET 🚨
Visit the testnet on :
The first 200 users who deposit 0.2BCKETH collateral on our platform will receive an NFT that allows you to earn more protocol profits at mainnet launch !
Contracts
TUB =
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🚨 Testnet Coming Soon 🚨
Bound Finance is rapidly growing, and we're just getting started. Stay tuned on our Twitter and Discord for the launch of our upcoming testnet. We've got exciting updates and incentives lined up.
We are planning to launch the testnet this week coming
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We are happy to announce our integration with
@LybraFinance
and
@PrismaFi
in the Bound Finance Eco-system.
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Europe’s Economy looks to be heading for trouble 🚨
With policymakers continuing to increase interest rates 📊
Where does this leave people 🤔
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Amazing integration 🚀📈
With bound you can take your existing crypto cards, tradfi debit or credit card and enchance the Cashback further.
We track your transactions and allow users to claim Cashback using LST tokens.
All powered by LST tokens and LSDFi stablecoin yields.
Want to use eUSD and peUSD for real world transactions? 💳
Our new integration with
@holyheld
means that now you can! 🤝
Head to to try it out.
Read on to discover how you can start using Lybra’s stablecoins for everyday purchases 🧵
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Following the Announcement of Our Testnet over a day ago, we have seen our community grow considerably again ✅
The Growth in our Community is the thing that will propel us to our upcoming Launch 🌎
We can’t wait to see the success of the Testnet in the upcoming days 📊
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Our unique cashback solution is powered by the yields generated from stablecoins, such as $eUSD.
Does this mean the stablecoin APY is reduced?
🤯 $BCKGov Emissions retain the stablecoin yields that are used for cashback, whilst also providing an additional 3-5% APY.
🔒To be
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Bound Finance Private Beta 🚀
Gm LSDFi enjoyooooors
We’ve been busy building but finally we can launch the Private Beta for later this month / Early Dec 💷
Only 100 users in Europe & the USA can participate.
For the Beta you only need to participate in the Mainnet crypto
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🚨Our Testnet will go live this Sunday🚨
We look forward to having the ability to see how far Bound Finance and our community has come 💫
See you guys on Sunday 📊
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Another yield bearing stablecoin we plan on integrating is sDAI, which offers 5% APY.
We can enhance this APY to ~8-9% and also offer cashback rewards ranging from 10-15% 👀
Now lets delve into how we envision turning this plan into reality 👇
1️⃣ sDAI is a MakerDAO's yield
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What a Great start to our Marketing Campaign 📊
Thanks especially to
@the_smart_ape
,
@stacy_muur
and
@David__GMI
.
Bound Finance’s community has Doubled in the last week and we look to continue on the same trajectory 💫
Stay engaged as there is more to come 👌
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Our Discord is now Live!
We hope you enjoyed the look of our website earlier today, now we can discuss about the protocol further on our community discord 🙌
Stay tuned for more Info 💫
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Although inflation is decreasing, 7.9% is still eye watering compared to the targeted 2-3%. 📈
What if there was a way to counter this high inflation completely using crypto LSDfi.
Also with something everyone could adopt. 👀
#LSDfi
#DeFi
#Crypto
UK inflation falls to 7.9% as prices rise at a slower rate than expected
Live updates
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With One of the World's largest asset managers, BlackRock investing in Crypto 💫
It is just a matter of when, not if Cryptocurrency will become a dominant force in the Economy 🌎
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How We can create the World’s First Cashback Card 🌎
When the Bound Finance validators generate ETH staking rewards, these rewards are divided. This is broken down into:
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Amazing thread from
@stacy_muur
on the intergration of
@LybraFinance
$eUSD and
@PrismaFi
in the Bound Finance infrastructure. ⚗️
The DeFi Lego opportunities are getting even more intriguing.
How do you love this ↓
• Buy $ETH (long-term).
• Stake on
@LidoFinance
. ETH → $stETH, 3.4% APY.
• Use
@LybraFinance
. stETH → $eUSD, 6% APY.
• Now,
@BoundFinance
. eUSD → $BCK, 8% APY.
Wanna automate?
🧵 1/12
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Bound Finance boosts your mkUSD APY from
@PrismaFi
with 10-15% cashback.
Our Beta launch is near, and we're excited to share how your ETH/LST backed $mkUSD can now earn cashback!
Here’s the breakdown 👇
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The Covid Pandemic will cost taxpayers an extra £15bn despite it officially ending🤔
At Bound Finance we recognise that their must be a solution to this. People must have a way to not lose their money to these increased expenses.
Our ~12% Cashback card makes this possible 💫
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The Boom in ultra-long mortgages that means a £500k house costs £1m 🤯
To think that there is a number of people taking out mortgage terms that mean they will be making payments into their seventies really worries Bound Finance.
We are providing the Solution 🌎
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Our Open Source code review will be releasing this weekend !
Our pre-audit finishes next week
Security is a core part of Bound Finance, the code review will allow the community to check the for any exploits or bugs 🙌
Stay tuned in our discord : 💫
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Our Official Website will be Releasing at 5pm Tomorrow!
The link will be in our bio 💸
We can't wait for you to see our Website🌎⚡️
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Why you should anyone buy $BCKGOv? 🤔
$BCKGOV is Bound Finances governance taken and has 3 main utilities:
1️⃣ Profit Share: Holders of $BCKGov get a share of protocol profits. The percentage will be announced before the mainnet launch.
2️⃣ Voting: Holders of $BCKGov will be
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How much cashback will Bound Finance users get? 🤔
Every cashback user will have a daily spending limit, which accumulates everyday until it is used. 🤯
This is how it works. 👇
The daily spending limit varies everyday due the variable total yield generated by the yield
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Unification Layer for LSDFi Protocol Stablecoins and Traditional Finance
Introducing Bound Finance
In a previous discussion, we introduced Bound Finance's ambition to bridge the gap between LSDFi and TradFi.
Our approach unifies non-crypto and crypto users by incentivising
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🚨 UPDATE TO CASHBACK APP🚨
So after feedback from the beta testers, and others interested in the beta we have decided on a couple of updates:
1. We have reduced the amount of information you need to provide for KYC, this is because the dev team will be implementing a ZK KYC
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Another Fantastic day at Bound Finance with our Discord gaining its first 40+ members in its 1st day Live!
We can’t thank the community enough for our warming welcome and we look forward to what tomorrow beholds 🙌🏽
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Lloyds profits fall as it prepares for mortgage arrears jump amid rising rates. High interest rates are “proving challenging’ for people and firms.
This is exactly why Bound Finance was created 🫣
We are looking to make people and firms money work for themselves📊
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“If You Don't Understand Margin, You Don't Understand Business”.
-
@AlexHormozi
Bound Finance embodies this quote. Here is why 👇
#DeFi
#ETH
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Fantastic thread by
@dontbuytops
.
A great overview of how bound finance works and what the team is trying to do to improve the protocol.
Spend to earn might be the next big thing...
Are you ready for it?
Let's dive into one of the pioneers of this cool narrative 🧵🫡
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Fantastic thread from our own community member !
@DegenRutw
🚀❤️
This thread will quickly introduce about what is
@BoundFinance
.
Introduce
@BoundFinance
unique mechanisms and big mission.
Let's dive in 👇
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In our 3rd day of releasing our discord, we have already hit 150+ members.
An amazing achievement from the community. We appreciate all the support 😊🥳
Next stop is the public release of our crypto side code 💻✅
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Our Official White Paper Release is Here!
Crypto's biggest obstacle is Mass Adoption, Bound Finance has an answer for this. 🌍
The First LSDfi Protocol turning any Credit or Debit card into a ~ 12% Cashback card for all transactions. ⚡️
View Here:
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Boost your $BCK minting with $BCKGov Emissions!
Here’s how it works 👇
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The Bank of England pauses historic rate hikes as UK inflation falls 📉
For the first time in nearly two years inflation fell unexpectedly in August.
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Another Record Breaking day for Bound Finance!!
We have doubled our Discord following 🙌🏽
We thank the community for the interaction and hope for the same Organic growth in the upcoming days, weeks, and years🤞🏼💫
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More Updates 🚀
To users who are in our airdrop snapshot you can mint the NFT that’s been extended to all users not just the first 200. 👀
The benefits of the NFT:
▫️Although we aren’t directly airdropping 200 BCKGov due to tokenomics, the NFT at mainnet will be able to earn
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Our Website is now Live!
We hope you enjoy what we have created so far 🙌
From here we look to our full Launch on the **15th of August **🌏
Stay tuned for more Info 💫
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A brilliant post from
@DamiDefi
about the integration of $eUSD and $mkUSD in the bound finance protocol
Earning passive income in crypto has never been simpler.
@BoundFinance
announced a game-changing integration with Lybra Finance and PrismaFi that will multiply your yield.
Let's dive in to this exciting move 🧵.
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Amazing post from a valuable member of the community :)
結合 LSD 跟信用卡回饋，
@BoundFinance
聽起來蠻酷的
LSD 的部分蠻像
@LybraFinance
，質押 ETH 獲得 LSD 代幣，可以當抵押品借出生息穩定幣 $BCK
信用卡的部分，號稱只要綁定卡片，就能在所有交易獲得 10% 以上的現金回饋。回饋金來自協議的 ETH 質押收益
10%
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I hope you enjoyed our informative thread today and stay in touch with us at Bound Finance as our Test-Net goes live next week 🌎
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What is Bound Finance ?
🔹Bound Finance is a protocol that allows users to connect any debit / credit card and earn 12% Cashback on all purchases 🌎
🔸We incentivise $eUSD deposits and take part of the yields generated to pay for cashback ok transactions for the Cashback app
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Whether you like XRP or not. This court decision will be essential for the longevity and survival of many crypto protocols and the overall adoption of crypto within the mainstream.
Thank you Ripple Labs and congratulations. 🌍❤️
Ripple Labs CEO Brad Garlinghouse says that a federal court's decision means that its crypto token XRP “is not a security,” giving the digital-payments company more freedom to pursue various business opportunities
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Funding 💰
So we did market a public sale. However due to market conditions and guidance from advisors we did cancel this.
We instead did a pre-seed with the community and raise 16 ETH now in total 🐋
This is has gone towards Dev costs & audits to be announced
Next we will
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8/ Also considering the recent rise in inflation (9.03%), using a 12% Cashback card for all transactions can mitigate this for the average user, and ultimately this is only possible using crypto infrastructure, more specifically LSDfi.
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1/ the average income in the US is ~$50K with a take home of ~$36K.
Bound finance allows the average person to save 12% on all purchases.
Whether that be rent, food, utility bills, car payments, and even mortgages !
How do we do this you ask ? 🌍
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😊 Thank you to everyone for their ongoing support. We are one step closer to our IDO and mainnet launch.
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Take a sneak peak at the Bound Finance Cashback App so far 👀:
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Running a successful business is tough with an average net profit of only ~10%. What if this could change? Bound Finance's tech can boost profit margins by 12%, potentially doubling net profits for the average small business.
It’s all on our road map stay tuned !
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Welcome to Bound Finance⚡️
Where any card, credit or debit becomes a high-cashback card, via our website; 10-15% APR on every transaction.
We will consistently be updating our community throughout the run up to our launch.
Website launch date: 15th of August
#ETH
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1. Our Mission:
Crypto cards like Binance offer 8% cashback but this requires you to stake large amounts of crypto. We're changing that with more cashback in fiat money, no staking or subscriptions.
Bound Finance is establishing a real-world use case for crypto.
#DeFi
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We would also like to give a mention to the influencers who have aided our growth since we started:
@Moomsxxx
@stacy_muur
@David__GMI
@Hercules_Defi
@wacy_time1
@splinter0n
@ardizor
@0xFinish
@killthewolf666
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This amount is then distributed amongst all users.
If there are 100 users, they would receive a daily allowance of $83.33 for transactions that qualify for the 12% Cashback.
Any remaining allowance can be carried over to the next day⚡️
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It’s been released check out recent pinned tweet for details 👌
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3/ The result is we have created tokenomics that allows the average person to experience 12-15% Cashback without staking and tokens or subscribing to any plans ☺️.
More detail of tokenomics on our docs:
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Thank you for the influencers who have promoted the past few weeks. We appreciate all the support:
@Moomsxxx
@stacy_muur
@Hercules_Defi
@David__GMI
@the_smart_ape
@splinter0n
@Tanaka_L2
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A fantastic thread about
@BoundFinance
from
@dontbuytops
. We have some amazing news ahead
Already mentioned
@BoundFinance
in some threads earlier...
They have a unique system that can earn you a generous 10-15% cashback on your credit card. 💸💸
They've been working on something for the past few months... Let's see what they have for us! 👀🧵
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80% of all rewards go to the crypto side.
10% of the rewards are allocated to the Cashback app for Cashback transactions.
10% is directed to the protocol as revenue.
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That’s where
@BoundFinance
comes in.
We provide a webapp that connects to every debit card and credit and allows you to make 12% Cashback on every purchase no matter what.
No token staking required, or subscriptions by the Cashback app users. 💳
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4/ In the longterm all of our staked Eth will be from our own validators, and can earn users 4.4% in their eth collateral.
The way this works is from the crypto side we allow users to take overcollaterlised loans that pay for itself, by using their collateral on validators. ✅
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🔗 Keep an eye out for more updates as we make strides toward our launch. Let's redefine earning together!
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We will be integrating further LSDFi protocol’s yield bearing tokens in the future so comment which ones you’d like 👀
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We incentivise crypto users who want to accumulate crypto to deposit their ETH in order to earn validator rewards, in turn we take a portion of the collective staking rewards to cover the cashback amounts.
For updates follow our twitter and discord:
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9/ With bound finance we’ve created a protocol that provides a yield to crypto users, and for the average household the ability to save ~$4320.
Links 🔗:
Discord :
Web:
Docs:
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2/ We achieve this by utilising a game theory like structure between cashback app users who are the average households, and crypto users who want to accumulate more crypto and earn yields.
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Crypto side 🔐
From our latest update Bound Finance’s main protocol asset will be $eUSD.
🔹Users will deposit $eUSD and in return they will receive $BCK 1:1, bound finance’s native stablecoin.
🔸 10% of yields generated from $eUSD collateral will be used to pay for Cashback
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5/ We split the validator rewards between crypto users, Cashback app users and the protocol.
The more cashback app users spend the less their validator split is. We give that to the crypto users, this incentivises more crypto users to join because of the higher APY
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For future updates press follow, and join our discord:
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How is Cashback & Spending Limit calculated ?
🔸Bound Finance operates on a unique spending limit model where users' spending allowance grows by a set amount everyday, for instance, $50 each day. This allowance accumulates indefinitely, so if a user abstains from spending for a
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6/ The following result means more ETH collateral enters the protocol, which increases the validators, thus we can on board more people on the cashback app.
The larger staking rewards we get will allow us to pay for more cashback.
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6️⃣ Connect your card and start the plaid connection process. Your transactions will be tracked and you’ll start earning testnet eUSD.
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7/ Similarly, if cashback users don’t spend as much, their share of rewards increases, which incentives more expenditure because of the higher cashback rate we provide.
This reduces the APY for the crypto side, resulting in the stability of onboard additional ETH collateral. ⚖️
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Every Cashback app user receives a daily allowance that compounds if they don't spend it each day.
The best part? It never expires 🎊
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Cashback app, a savings transaction layer 💵💷💴
🔹Bound doesn’t issue it’s own card, instead users can take any existing Cashback card, debit or credit card and use our protocol to boost their savings yields. Essentially a double dip 😛
🔸We use plaid to record on coming
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4️⃣ Our model allows $mkUSD holders to retain their APY while also enjoying a hefty 10-15% cashback.
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How do we minimise the loss of APY to crypto users ?
🔸 When a user mints $BCK they can stake 3% the value of the minted $BCK in $BCKGov. They earn emissions based on their $eUSD collateral amount.
(1-3% APY on collateral)
🔹If users don’t maintain the 3% threshold then their
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At Bound Finance we have created a solution, with our ~12% Cash-back Card, 5% Interest Savings Account and High Interest Staking Model for Crypto users 🏆
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These Rewards are then calculated and then worked at a Cashback rate of 12%.
Example 📊
The Cashback app receives $1000 in validator rewards every day. When divided by the cashback rate of 0.12, it equals $8333.
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You can now mint $BCK stablecoin. using $eUSD & $mkUSD.
Also you’ll earn $eUSD when you deposit your $BCK stablecoin into the BCK savings account.
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@JefferyCrypt
@pendle_fi
@Instadapp
@PrismaFi
@hydro_fi
@LSDxfinance
@Flashstake
@Mori_Finance
@numoen
@parallaxfin
@AlacrityLSD
@agilely_io
@ZeroLiquid_xyz
Thank you for the shout out :)
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@MrDotGreen
@splinter0n
Nope, we do have a spending limit yes that accumulates over time but any purchases within this limit no matter the product or service will receive atleast 12%
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