@Brady

Brady Gentile of Bonzo Finance Profile Photo

Brady Gentile 🌴 is the Co-Founder and CEO of Bonzo Finance Labs, a company focused on financial technology solutions. He has a background in marketing, particularly in product marketing, and has experience in various roles that emphasize strategic marketing initiatives. Gentile is based in New York and has previously worked with Hedera, contributing to his expertise in the tech and finance sectors. He holds a degree from Arizona State University – W. P. Carey School of Business and has certifications in Google Analytics and Pragmatic Marketing.

Bonzo Finance Labs is focused on developing a decentralized lending and borrowing protocol for the Hedera ecosystem. Here are the key aspects of their product:
Bonzo Finance Protocol
The main product of Bonzo Finance Labs is the Bonzo Finance protocol, which has the following characteristics:

  • It’s an open-source, non-custodial protocol designed to facilitate lending and borrowing of cryptocurrencies.
  • The protocol focuses primarily on HBAR, Hedera Token Service (HTS) tokens, and wrapped major assets.
  • It’s based on Aave v2 and adapted to the Hedera EVM (Ethereum Virtual Machine) and native Hedera Token Service.

The Bonzo Finance protocol offers several features:

  • Supply: Users can deposit crypto assets to earn competitive interest rates.
  • Borrow: Allows users to access instant loans by borrowing against their crypto collateral.
  • NFT Utility: Offers benefits to NFT holders, including protocol points multipliers.
  • Points System: Users earn points for supplying liquidity and borrowing, which may unlock exclusive benefits.
  • Yield Earning: Provides auto-compounding yield and rewards for using the protocol.
  • Liquidation Bots: Allows users to operate bots that participate in liquidating defaulted loans, earning rewards in the process.

Technology and Infrastructure

  • Utilizes Supra and Pyth oracles for accurate and reliable price feeds.
  • Leverages Hedera’s network for high throughput, fast transaction finality, and low, fixed fees.

Bonzo Finance Labs aims to create a trustworthy, reliable, and user-friendly lending and borrowing protocol, contributing to the growth of the DeFi ecosystem on the Hedera network.