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 page.
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 page.
Follow the steps below to purchase a Reserve Bond: 1) Connect your wallet to ApeBond (for instructions, visit the How to Connect Your Wallet page).
2) Hover over Bonds in the nav bar, and then click "Buy a Bond" to visit the Bonds page.
3) Locate the Reserve Bond you'd like to purchase and click the row.
If this is your first time purchasing the Reserve Bond, you will have to enable the Bond’s contract first.
4) Enter the amount of input tokens you’d like to use to purchase the Bond. The amount of output tokens (partner tokens) that the Reserve Bond is worth will automatically update based on the amount of tokens you enter.
5) Click Buy.
Done! You now own a Bond. The applicable NFT will show up in your wallet, and output tokens will begin vesting over the amount of time shown on the Bond.
Once you own a Bond, you'll see Claim and View buttons on the Bonds page. You can claim any vested tokens from an individual Bond using the Claim button, or you can use the Claim All button at the top right to claim all vested tokens across multiple Bonds.
