BondAppetit is a DeFi protocol for business loans with a stablecoin (USDap) fully backed by real-world assets with fixed periodic income (bonds). Business can make loans from the protocol providing bonds as collateral. The main asset inside the protocol’s ecosystem is the native stablecoin USDap. The price of USDap equals $1 at all times. Issuance of USDap is technically impossible without sufficient collateral, the price of which is tied to USD.