BondAppetit is a DeFi protocol with a stablecoin (USDap) fully backed by real-world assets with fixed periodic income (bonds). The main asset inside the protocol’s ecosystem is the native stablecoin BondAppétit USD (USDap). The price of USDap is at a constant ratio of 1 to 1 with the US Dollar and is always backed by sufficient collateral. To ensure transparency, the protocol updates the price of real world-assets based on several proven and recognized sources, such as Bloomberg and CBonds. ***The official BondAppetit ticker is “BAG” and trades under that name on all the exchanges where it has been listed. The designation “BONDAPPETIT” is for CryptoCompare.com only.***
