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.