In reaction to events around $UST, Brokkr finance has initiated a pause on Bonding.
In reaction to events around $UST, Brokkr finance has initiated a pause on Bonding.
First product measures:
— Brokkr (@BrokkrFinance) May 11, 2022
1. Bonding is paused
2. Depositing into DNS is paused. Withdrawing is enabled
We will keep it like that till the dust settles.
Depositing into DNS is paused. Withdrawals are enabled.
Brokkr Finance are working on the next steps for Brokkr & $BRO. Right now, the number 1 priority is to stabilize the Treasury. Further updates will follow.
Bonding is a mechanism that allows users to buy $BRO tokens for a discounted price. It uses a portion of the $BRO inflation from the Rewards Pool. After bonding, the tokens are locked for a number of days , so they can’t be immediately sold on the market.
Brokkr Bonding recently went live here.
