Bonds

Bondss Overview

Bonds was developed as part of BasePad's initiative to support the long-term sustainability of our ecosystem and partners by introducing innovative ways to raise funds and ensure sustainable liquidity. This approach also provides users with opportunities to acquire tokens at discounted rates.

How It Works

Inspired by traditional finance (TradFi), decentralized finance (DeFi), and NFT innovations, Bonds enables users to access discounted tokens by exchanging their liquidity provider (LP) tokens or single assets, such as blue-chip tokens or stablecoins. Each Bond is represented by a unique NFT that reflects the output tokens (BPAD or partner project tokens), which vest over a specified time frame.

This system leverages ERC-5725: Transferable Vesting NFT technology, an Ethereum Improvement Proposal co-authored by the BasePad team. To learn more, visit the link below.

Types of Bonds

1. Reserve Bonds (Single token Raise) Reserve Bonds allows projects to diversify their treasuries by issuing NFTs that represent their native token. These tokens are offered at a discount and vest over time in exchange for single assets such as blue-chip tokens or stablecoins.

2. Liquidity Bonds (LP-token Raise) Liquidity Bonds enables users to exchange their LP tokens for an NFT representing BPAD tokens or partner project tokens. These tokens are provided at a discount and vest over a defined period, ensuring a balanced approach to liquidity and user participation.