> 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/reserve-bonds.md).

# Reserve Bonds

### **How Reserve Bonds Work**

<figure><img src="/files/voA0AMgveoMZ9rIhe7O2" alt=""><figcaption></figcaption></figure>

Reserve Bonds offer users the opportunity to purchase tokens at a discount that vest over time, represented by an NFT, **in exchange for a single underlying asset**. The discounted tokens vest over a certain amount of time, becoming claimable to the holder of the Reserve 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 Reserve Bonds

To buy a Bond, a user must acquire the single token required to purchase the Bond. For example, USDT tokens are used to purchase the ABOND Reserve Bonds, which yield ABOND tokens.

From there, users can visit the Bonds page on ApeBond, and select the Reserve Bond they would like to purchase.

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

{% content-ref url="/pages/uxPDgReR8Hn1CK9RTRWg" %}
[How To Buy A Reserve Bond](/apebond/products-and-features/bonds/reserve-bonds/how-to-buy-a-reserve-bond.md)
{% endcontent-ref %}