💰Bonds
Last updated
Last updated
Bonds were created as part of ApeBond's initiative to ensure the long-term health of both our partners and ourselves by offering new ways to raise funds and generate sustainable liquidity, while providing users with opportunities to acquire tokens at a discount.
Inspired by a combination of TradFi, DeFi, and NFT products, Bonds allow users to access tokens at a discount in exchange for their liquidity provider (LP) tokens, or in exchange for single assets like blue chip tokens or stable coins. Each Bond is a unique NFT that represents the output tokens (ABOND or partner project tokens), which vest over a certain amount of time.
Bonds leverage the technology from ERC-5725: Transferable Vesting NFT, an officially approved Ethereum Improvement Proposal co-authored by the ApeBond team. Learn More in the link below.
Types of Bonds
Reserve Bonds allow projects to diversify their treasuries by selling NFTs that represent their native token at a discount that vests over time, in exchange for a single asset such as a blue chip token or stablecoin.
Liquidity Bonds allow users to sell their LP tokens to receive an NFT that represents ABOND tokens or partner project tokens at a discount, vesting over a certain period of time.
Bonds are designed to offer the best way for partner projects to raise funds using their native tokens, addressing several challenges in the DeFi space. Partner projects benefit as their users also have the opportunity to acquire tokens at a discount.
Leveraging historical data, ApeBond AI provides personalized recommendations, continuously optimized by Bonds' performance.
Optimized Bond Configurations: Determine the most effective Bond amounts, vesting periods, and durations, with AI-driven insights. ApeBond AI ensures that your Bond conditions are aligned with current market dynamics, maximizing appeal to investors.
Dynamic Adaptation: Stay ahead in a rapidly changing market. ApeBond AI continuously adapts its recommendations based on real-time data, ensuring that your Bond conditions remain optimal amidst evolving market scenarios.
When a user purchases a Bond, they receive an NFT that represents the discounted tokens as they vest over time. The holder of the NFT is the only one who can claim tokens as they vest. Each Bond NFT consists of a combination of five procedurally-generated characteristics:
The Certification: The frame color around the legend reflects the purchase amount, ranging from bronze to diamond for the highest-value NFTs.
The Legend: The trailblazers of cryptocurrency, including Bitcoin founder Satoshi Nakamoto, Ethereum co-founder Vitalik Buterin, and Lighting Labs CEO and founder Elizabeth Stark.
The Location: Digital and physical spaces which created early use cases for cryptocurrency, such as The Silk Road, The Sandbox, and Switzerland’s Crypto Valley.
The Moment: Key developments which helped to shape where the cryptocurrency atmosphere is today, including the Bitcoin hard fork, the moment when Tesla began accepting Bitcoin for purchases, and Bitcoin becoming legal tender in El Salvador.
The Trend: Trends which developed further utility and use cases for cryptocurrency, including the HODL phenomenon, GameFi, and (naturally) NFTs.
The Innovation: Innovations that revolutionized DeFi, blockchain, or the internet as a whole, including Smart Contracts, Proof-of-Stake, memes, and more.
