BarnBridge’s “SMART Exposure” utility automatically rebalances ERC-20 tokens held in a client’s portfolio to to find certain that they withhold particular weightings.
Decentralized finance protocol BarnBridge has offered an utility that lets in users to automate space management between Ethereum-primarily based resources.
On Monday, BarnBridge announced its 2d utility dubbed “SMART Exposure.” The utility enables users to passively withhold a yell weighting between the resources in a particular ERC-20 token pair via computerized rebalancing.
The utility has been launched on the Ethereum mainnet with beef up for Wrapped Ether (WETH), Wrapped Bitcoin (WBTC) and USD Coin (USDC) in pairings weighted to 75/25 or 50/50 ratios. This would possibly per chance occasionally perhaps well perhaps additionally additionally be deployed on the Polygon Network within the arriving weeks.
We’re indignant to screech the open of our 2d utility, SMART Exposure
SE is launching with beef up for WETH, WBTC, and USDC in 75/25, 50/50, 25/75 configurations.
— BarnBridgΞ (@Barn_Bridge) July 5, 2021
The protocol defined that the functionality is that you will be in a space to think because SMART Exposure maintains its indulge in asset swimming pools.
Every exposure ratio is represented by a fungible ERC-20 token with its indulge in ticker, allowing the positions to be traded on secondary markets or doubtlessly usual as collateral in other protocols. BarnBridge acknowledged:
“We question SMART Exposure to help as a key building block for structured products incorporating resources from other BarnBridge products ultimately. Nowadays, it offers an environment friendly passive treasury management resolution to boot to tokenized versions of standard ratios.”
BarnBridge, formally launched in September 2020, is a derivatives protocol centered on structured stablecoin lending products. It goals to facilitate the transition to DeFi by addressing some key components of institutional job, equivalent to trouble management and to find admission to to mounted earnings devices.
In line with DefiLlama, BarnBridge has a total fee locked of $294 million at the time of writing.