> For the complete documentation index, see [llms.txt](https://docs.ape.bond/apebond/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ape.bond/apebond/products-and-features/bonds/liquidity-bonds.md).

# Liquidity Bonds

### How Liquidity Bonds Work

<figure><img src="/files/eaGQdpZL9POgZ0N5eqtu" alt=""><figcaption></figcaption></figure>

Liquidity Bonds offer users the opportunity to purchase tokens at a discount that vest over time, represented by an NFT, **in exchange for Liquidity Provider (LP) tokens**. The discounted tokens vest over a certain amount of time, becoming claimable to the holder of the Liquidity Bond NFT incrementally.

Each Bond's discount amount varies based on a combination of market forces. For more on how the discount amount is determined, visit the [Bond Pricing](/apebond/products-and-features/bonds/bonds-pricing.md) page.

{% content-ref url="/pages/sdz70YZbwgWngLXKlLOG" %}
[Bonds Pricing](/apebond/products-and-features/bonds/bonds-pricing.md)
{% endcontent-ref %}

### Buying Liquidity Bonds

To buy a Bond, a user must first create an LP token by adding liquidity to the DEX for the trading pair that corresponds to that type of Bond. For example, ABOND-BNB LP tokens are used to purchase the ABOND-BNB Liquidity Bonds, which yield ABOND tokens.

From there, users can visit the Bonds page on ApeBond, and select the Liquidity Bond they would like to purchase.\
\
Or, the user can instead use the [Zap](/apebond/products-and-features/zap.md) feature to buy a Bond with a single token.

For more on how to purchase a Bond, visit our[ How To Buy A Bond](/apebond/products-and-features/bonds/liquidity-bonds/how-to-buy-a-liquidity-bond.md) page.

{% content-ref url="/pages/sA52rnlZp49TBOonYEZY" %}
[How To Buy A Liquidity Bond](/apebond/products-and-features/bonds/liquidity-bonds/how-to-buy-a-liquidity-bond.md)
{% endcontent-ref %}


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