Introducing V2 Bonds
We are extremely excited to announce the launch of our V2 bonds. A few posts back we briefly discussed the upcoming V2 upgrade and how it was beneficial to the bonding system. Just to recap:
- Bond payouts are staked at the time of purchase.
- Bonds no longer invest linearly.
- Bonds can be fixed-term or fixed expiration.
Let’s jump into what all of this means.
Bonding Review
It’s probably best to start by explaining what happens when you purchase a bond. By buying a bond from the treasury you are paying a discounted price for $HUMP at the end of the vesting period. For illustration purposes let’s say you have 100 BUSD and you want to buy a 20% BUSD 5-day bond and the current price of $HUMP is $100 for 1 $HUMP. That means you are buying $HUMP for 80 BUSD, a 20% discount to the current price of $HUMP which is $100 in this example.
V2 Bonding Benefits
Now let’s talk about how the V2 upgrade changes the bonding system.
- Auto-staking. Bonds now auto-stake fully and your balance is locked for the duration of the bond. This means that the bonds no longer vest linearly and you will earn the discount and the rebase rewards for the full duration of the bond with one click. This will save users time and gas.
- Flexible Vesting. V2 will introduce Fixed-Term and Fixed-Expiration Bonds and have multiple different vesting terms as opposed to V1, which we all held for 5 days. Users will also be able to hold multiple types of bonds for the same assets in V2(for example, you can now hold a 5-day and 60-day USDC bond).
The Launch
V2 bonds are scheduled to launch on January 14th and, we will announce when the bonds go live on Twitter and Discord. To stay up to date on future product launches, news, announcements please visit:
Website: https://www.whale.loans/
Discord: https://discord.com/invite/rFzNx4wRtK
Twitter: https://twitter.com/WhaleLoans
