💹FX & Lending Market

FX Exchange

Bondis natively supports fully on-chain order books, enabling transparent and efficient FX markets.

Because blockchains operate in discrete time intervals as blocks are produced, Bondis implements a dual-flow batch auction mechanism rather than time-continuous matching*. This ensures that liquidity competes primarily on price rather than speed, mitigating latency races and protecting participants from toxic MEV extraction.

Bondis supports both spot and perpetual markets, allowing market-makers, treasuries, and businesses to hedge unwanted currency exposure directly within the protocol.

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Lending Markets

Market-makers often face a shortage of credit markets in non-USD currencies, while users lack yield opportunities denominated in those same assets. This asymmetry, combined with limited adoption of non-USD stablecoins, reduces the stickiness of liquidity and leads to rapid off-ramps, weakening the benefits of true on-chain FX.

Native lending markets bridges this gap by combining credit and exchange infrastructure within a single protocol.

Market-makers can collateralize their borrows using the same assets deployed for liquidity provision, dramatically improving capital efficiency and leading to deeper markets and tighter spreads. For other users, the Vault unlocks multi-currency yields, providing a natural incentive to hold idle capital within Bondis' ecosystem rather than immediately converting back to fiat.

*Inspired by https://jumpcrypto.com/writing/dual-flow-batch-auction/