Starting today, BarnBridge (BOND) and Livepeer (LPT) are available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store BOND and LPT in most Coinbase-supported regions, with the exception of Singapore. Trading for these assets is also supported on Coinbase Pro.
BOND is an Ethereum token that governs BarnBridge, a protocol that enables users to hedge against DeFi yield sensitivity and price volatility. Its first application, SMART Yield, allows users to choose between risk profiles for lending on DeFi protocols such as Aave and Compound. By using SMART Yield, senior bond investors can receive fixed rates at potentially lower risk while junior bond investors can receive higher rates at higher risk.
LPT is an Ethereum token that powers the Livepeer network, a platform for decentralized video streaming. LPT is required to perform the work of transcoding and distributing video on the network while also incentivizing peers to ensure that the network is cost-effective and secure.
One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see BOND and LPT), as well as a new section of the Coinbase website to answer common questions about crypto.
Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store BOND and LPT today.
Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
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Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.
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BarnBridge (BOND) and Livepeer (LPT) are now available on Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.