Borderless Capital, StakerDAO Partner to Push New BLND Token

Borderless Capital, a “modern financial institution investing capital and building financial products that accelerate access, bootstrap adoption, and create value globally through the Algorand Borderless Economy,” has both partnered with and invested in StakerDAO, a “platform for governing financial assets in a decentralized, secure, and compliant manner,” according to a press release from both groups.

The goal with this partnership is to increase the accessibility of StakerDAO’s Blend (BLND) token, which will launch on Algorand. BLND is an ERC20 token that tracks proof-of-stake tokens, and one that allows users to participate on the Tezos, Algorand, and Cosmos networks as well.

Speaking on the matter is Sean Lee, the CEO of the Algorand Foundation, who says:

“With its fully collateralized basket that includes the ALGO, we are excited to welcome users of Blend as they support the growth and utility of the token and blockchain platform. BLND is part of accelerated momentum for DeFi on Algorand with its unique primitive that provides a liquid instrument for DeFi. We are also excited to announce that StakerDao is the first project to be accepted into the Algorand Asia Accelerator, a Finance 3.0 focused blockchain launchpad helping projects to establish and deepening their strategic presence in Asia.”