Ethereum Foundation has finally approved the EIP-3475 proposal, introducing bonds on Ethereum (ETH). With the proposal being accepted as a new Application Programming Interface (API) standard, it now becomes the ERC-3475 standard. The new standard will further boost Web 3.0 and DeFi adoption.
The ERC-3475 standard will enable individuals and institutions to issue bonds and derivatives in secondary markets.
Ethereum Foundation Brings Bonds on Ethereum with the EIP-3475
Debond Protocol in an official announcement on August 25 said the Ethereum Foundation has adopted the EIP-3475 and accepted it as an API standard. Thus, making it possible to “issue bonds with multiple redemption data.” The proposal has been under evaluation and debate for a long time by the Ethereum Foundation.
“The proposal had been evaluated and debated. Ultimately, it was deemed secure, complete, and ready to be presented not only to EF experts but to all Web 3.0 and decentralised finance (DeFi) enthusiasts.”
The ERC-3475 standard will enable anyone to create custom-made bonds on Ethereum. Debond Protocol believes the standard will help introduce bonds and add value to the Ethereum infrastructure and ecosystem.
