According to ChainCatcher news, data from RootData shows that the BarnBridge token (BOND) has increased by 42.73% in the last 24 hours, currently priced at $2.10.Additionally, the Web3 asset data platform RootData indicates that BarnBridge is a risk tokenization protocol for DeFi. Its applications allow users to choose from opposing pools known as batches and hold positions on risk factors such as interest rates or asset prices. Its first application, SMART Yield, provides fixed and leveraged variable yields for stablecoins deposited in underlying lending markets like Aave, Compound, and C.R.E.A.M. Its second application, SMART Exposure, automatically manages user positions between any two ERC-20 assets at a set ratio.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) announced that the decentralized autonomous organization BarnBridge DAO and its two founders, Tyler Ward and Troy Murray, will pay over $1.7 million to settle charges with the SEC regarding the unregistered offering of structured crypto asset securities (SMART Yield).The SEC also alleged that the two operated BarnBridge's SMART Yield pool as an unregistered investment company. BarnBridge agreed to forfeit nearly $1.5 million in sales proceeds, and Ward and Murray each agreed to pay a civil penalty of $125,000.

ChainCatcher message, the Snapshot governance page shows that the BarnBridge community has voted to approve the "BarnBridge Legal Details Update" proposal, which includes: authorizing Tyler Ward and Troy Murray, along with their agents, to take all necessary actions to comply with the orders of the U.S. Securities and Exchange Commission regarding BarnBridge. Authorizing the Treasury to pay all invoices related to the SEC investigation of Park. Authorizing the Treasury to sell all tokens it is permitted to sell, and allowing Ward and Murray to distribute these tokens.

ChainCatcher news, the DeFi protocol BarnBridge has launched a community vote to decide whether BarnBridge co-founders Tyler Ward and Troy Murray should "have the authority to take all necessary actions to comply with the SEC's order."Specifically, this includes granting Tyler Ward and Troy Murray, along with their agents, the power to take all necessary actions to comply with the SEC's order against BarnBridge; the BarnBridge treasury to pay all illicit amounts required by the order; authorizing BarnBridge's legal counsel Douglas Park to sign the final version of the order on behalf of BarnBridge; allowing the treasury to pay all invoices related to Park's work with the SEC investigation; the treasury to sell all tokens permitted for sale, and allowing Tyler Ward and Troy Murray to distribute the tokens.ChainCatcher previously reported that the SEC is investigating BarnBridge DAO and individuals associated with the DAO.

ChainCatcher message, risk-rated derivatives protocol BarnBridge official Twitter shares a screenshot of Barnbridge DAO's legal advisor Douglas Park speaking on Discord. Park stated that the U.S. SEC is secretly investigating Barnbridge DAO and individuals associated with the DAO. To mitigate potential further legal liabilities, existing liquidity pools should be closed, and no new liquidity pools should be initiated. All work related to Barnbridge products should cease, and individuals should not receive compensation for any work related to Barnbridge until further notice. (Source link)

ChainCatcher news, the risk-rated derivatives protocol BarnBridge tweeted that it has prohibited deposits to Smart Yield v1 and Smart Alpha on the front end, reminding users to withdraw funds from BarnBridge v1 and check their funds in BarnBridge v2. BarnBridge also stated that it will completely shut down the front end of BarnBridge v1 in the future. (source link)

ChainCatcher news, the risk-rated derivatives protocol BarnBridge has deployed BarnBridge V2 on the Ethereum mainnet, bringing sustainable and leverageable fixed income. BarnBridge V2 offers interest rate swap functionality, allowing any variable yield to be swapped for a fixed rate. Additionally, BarnBridge C2 will also launch on Optimism.It is reported that each pool in V2 will go through three different phases: Subscription, Withdrawal, and Epoch Running. In the Subscription phase, the pool accepts user deposits to earn fixed income; during the Withdrawal phase, new deposits are paused, and if users are dissatisfied with the final APR, they can withdraw funds from the pool; once a pool starts earning income from its deposits, it will be marked as Epoch Running, during which no deposits or withdrawals can be made from that pool. After the Epoch Running ends, users can withdraw their deposits and earnings. (Source link)