Navigating the dApp
A list of all available bond markets
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:
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
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