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On this page
  • BOND
  • BOND PRICE and DISCOUNT
  • Max Payout
  • Vesting
  • TBV
  1. Products
  2. Permissionless Bonds
  3. Bonders

Navigating the dApp

A list of all available bond markets

PreviousBondersNextDashboard

Last updated 1 year ago

  • Bond: What the bonder will provide in exchange for the Payout Asset, also known as the Quote Asset

  • Bond Price: Current price of the Payout token via bonding (i.e. via providing Quote token)

  • Discount: Price difference between Market Price and Bond Price

    • Positive (green): It is cheaper to buy the bond vs. buying directly from market

    • Negative (red): It is more expensive to buy the bond vs. buying directly from market

  • Max Payout: Maximum amount of Payout token currently available from this market

  • Vesting: Time duration for the bond to vest i.e. when one will be able to redeem for the Payout token

  • TBV: Refers to Total Bond Value which indicates the dollar value of the bond sold

  • Issuer: Name of the bond issuer

BOND

BOND PRICE and DISCOUNT

  • Bond price refers to the price of the payout token that the bonder will be paying

  • Market price refers to the price of the payout token on the open market

  • Discount reflects the difference between market price and bond price and is calculated as:

Discount=[(marketPrice−bondPrice)/marketPrice]∗100Discount = [(marketPrice - bondPrice) / marketPrice ] * 100Discount=[(marketPrice−bondPrice)/marketPrice]∗100

Note that discounts to market price are highlighted green in the dApp, while "negative discounts" are highlighted in red indicating a premium to market price

In the example below, the WETH bond has a negative discount of -12.29%, indicating that it is more expensive to bond than buying from the open market.

  • Discount = [($203.19 - $228.17) / $203.19] * 100 = -12.29% (negative discount = red)

Max Payout

Reflects the maximum amount of payout token a user can receive from a single purchase at that moment in time

Vesting

  • YYYY/MM/DD format is based on local time zone

  • A Fixed-Expiry vs XX days term further differentiates whether your tokenized bond position is an ERC20 or ERC1155 token

  • Fixed-Expiry bonds are tokenized as ERC20

  • Fixed-Term bonds are reflected as XX days term and are tokenized as ERC1155

TBV

Refers to Total Bond Value which indicates an approximate total value in USD of all purchases from the Issuer's markets