D/Bond as the iPhone of Web3
Here is another way to look at D/Bond’s ERC-3475.
See D/Bond as the iPhone of Web3 — the emerging idea of the Internet being built on decentralised blockchains that are neither controlled nor owned by corporations and developed on token-based economics.
Likened to the multi-touch technology introduced by iPhone, D/Bond pioneered the ERC-3475 standard to bring to the bond market a similitude of new touchscreen features to smartphones when other token standards are still fitted with physical keyboards.
The analogy fits.
Other standards remain with fixed structures that limit their application for a wide range of use cases. Adaptability to changes and the ability to control what their standard can produce is near impossible in an evolving Web3 space whose market size is projected to hit over $80 billion in less than a decade.
As a piece of code that makes all tokens of a particular kind conform to its Application Programming Interface (API), ERC-3475 comes as unique and innovative. It enables an interface that is used to create tokenised obligations with abstract on-chain metadata storage, making issuing bonds with multiple redemption data possible.
That has not been possible until now.
Aside from making any existing EIP-20 token contract able to issue bonds, the ERC-3475 standard interface is also compatible with EIP-20, EIP-721, and EIP-1155. As a result, acceptable collateral can be in the form of EIP-20 tokens, EIP-721 tokens, or other bonds represented by the standard. This makes bonds represent a collection of collaterals (of the same type) of all fungible/non-fungible or semi-fungible tokens.
API is everything on the Ethereum network. From enabling developers to build applications to integrating different protocols and facilitating the borrowing, lending, and collateralisation of assets, it takes world-changing ideas to users regardless of their geographical location. Taking this into the keyboard to a touchscreen analogy context, the ERC-3475 standard has been positioned to make the D/Bond platform stand out as proprietary when it comes to defining related variables and functions.
The standard presents itself as a revolutionary technology that will change everything about financial instruments or derivatives based on the concept of decentralised finance (DeFi) which is the bedrock of Web3. It recognises that ERC-20 tokens, despite their widespread usage for peer-to-peer financial services, are incapable of implementing complex functionalities for advanced financial instruments as required by DeFi protocols. Hence ERC-3475 was introduced to expand the reach of the Ethereum network in an evolving Web3 era.
The token standard stands out from others for its built-in capabilities which make it applicable for a wide range of financial applications. Like iPhone revolutionised the telecom sector — not just how calls are made but the entire industry — D/Bond is reinventing how financial instruments are accessed.
As long as uncertainties persist and volatility remains in big economies, bonds will always be in demand. We are not changing this fact. Rather, we envisage an increased interest in financial and wealth preservation instruments such as bonds shortly. And, as more users have a financial stake in and more control over the web communities they belong — courtesy of the evolving Web3 — , the DeFi market is bound to expand. In anticipation, we proffered a solution to the lack of tradable derivatives and bonds on the blockchain by creating a platform that cannot be adopted in any other instance.
We are achieving that, all thanks to the ERC-3475 standard. The abstract storage bonds standard enables bonds to be created, divided, and exchanged in a secondary market. Its uniqueness ascribes to it the privilege of being the reference token standard with which others are compared — like the touchscreen invented by the iPhone against other smartphones with their physical keyboards.
