BarnBridge is a cross-platform risk management protocol that aims to reduce the risks associated with DeFi, such as inflation risk and interest rate volatility. BarnBridge's SMART Yield pools the yield from lending protocols such as Aave, and splits it into tranches with different risk profiles. BarnBridge does this with its SMART Yield, SMART Exposure, and SMART Alpha products, all of which address a specific DeFi risk category.
BOND is the governance token of the BarnBridge DAO, the token is of ERC-20 token standard. The token contract doesn’t have an owner so no one has special permissions over the token. The contract can’t be paused, but users can burn tokens if desired.