Introducing USDR Bonds
Bond USDR to receive established rates of return in exchange for longer lockup periods.
Purpose: Bonds provide a service to the protocol, locking up capital in return for higher APYs which helps stabilize and bolster liquidity.
Tangible has officially launched USDR bonding available on the site now: https://www.tangible.store/usdr/bonding
How it works:
- Users choose their bonding period.
- They bond with $DAI and start receiving $USDR at the bonding ROI, vested linearly by block. The bond APY replaces the native USDR APY during the bonding period. (Ex: A 10-day bond returns .3% which is equivalent to a 10.95% APY)
- Once their vesting period is over their investment will continue to accrue the standard USDR APY provided that it’s been staked.
- Users can bond new funds once their bond period has completed.
We are starting with 10 day bonds at a 0.3% ROI rate.
There are plans to migrate to native rebases for USDR (so no more staked USDR) and we are awaiting this migration before initiating 30 day and 90 day bonds.
Bonding periods and ROIs:
10 day — 0.3% ROI (currently live)
30 day — 1.1% ROI (~2 weeks)
90 day — 5% ROI (~2 weeks)
Something to note: Similar to the Olympus bonding model, if you bond while you already have a bond that is currently vesting, your vesting period is reset to the new bonding period. Although, you may have the 10 day, 30 day, and 90 day bonds active at the same time without resetting any of the vesting periods.
To kick off, there will be 10% of the market cap of USDR available per day for bonding. This is scheduled to be changed to 5% over the next few weeks.
Get to know the benefits of USDR in our docs and start earning increased APYs for bonding today!
Bonding page: https://www.tangible.store/usdr/bonding
Twitter: https://twitter.com/tangibleDAO
Discord: https://discord.gg/zC4WpKhcj2
