Bank of Chain
Learn about Bank of Chain
What is Bank of Chain?
Bank of Chain (BoC) is a decentralized finance (DeFi) platform that offers users a secure and sustainable way to manage their wealth on the blockchain. Aiming to become a community-owned neo-bank based on blockchain, BoC provides DeFi users with a secure and sustainable return on investment. As a DeFi protocol, we offer a low-risk option for depositing stablecoins (such as USDC, USDT, and DAI) or ETH. Our platform is user-friendly and suitable for both experienced and new DeFi users.
What is your Infrastructure Security Setup?
BoC smart contract is deployed on ETH Mainnet and incorporates Chainlink Price Feeds as an oracle attack prevention, and is undergoing its first audit round by Shellboxes.
What is your teams expertise / track record?
The founders, the CTO, and the Head of Research have over 4 years in the ecosystem and long expertise and knowledge about crypto and blockchain.
The developing team has been working on this project for about 18 months as work started around June 2021. As for the public relations team, contributions to the project have been made over a period of 9 months commencing in April 2022.
How do you handle Governance Decisions?
We are planning to launch our governance token and constitute a DAO. This will allow all holders of BOC tokens to participate in governance decisions. Currently, we have set up a governance discussion forum at https://governance.bankofchain.io for the community to propose and discuss any potential improvement(s). To make decisions on the proposals, we have implemented a voting platform on https://snapshot.org/#/bankofchain.eth where USDi and ETHi holders can vote on the protocol proposals, and can also suggest others.
Bank of Chain Analytics
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Performance over Time
Track Bank of Chain staking over time by analyzing key performance metrics.