Purchase a Bond (1,1)
Last updated
Last updated
Bonds allow users to buy SB from the protocol at a discount by trading it with:
Liquidity (LP tokens), later called Liquidity bonds
Other assets (SOL, wSOL, USDC), later called Reserve bonds
Bonds take 5 days to vest, and SB tokens are vested linearly to the user over that period. Liquidity bonds help the protocol to accumulate and lock liquidity, while reserve bonds allow the protocol to grow its treasury.
Note: To maximise returns, we recommend 1 bond per address.
Solbank offers three types of bonds on its website:
SB-SOL LP
SOL
WSOL
Go to Solbank website.
Enter App.
Select "Bond" tab.
Choose Bond.
Enter amount of asset you would like to bond.
Approve, then bond.
Go to Solbank website.
Enter App.
Select "Bond" tab.
Select "Redeem" tab.
Click "Claim Rewards" to claim all of your available SB rewards.
Your Balance is your balance of LP tokens or asset used to mint.
You Will Get tells you how many SB tokens you will get from minting.
Bond limit maximum amount of SB available for bonding.
Bond Price is the price of SB you get from bonding. You can calculate the mint price using the following formula: - LP Bond: (Value of your LP token / SB you'll get from bonding) - USDC Mint: (Value of your USDC token / SB you'll get from bonding)
SOL Price is the market price of SOL.
Discount % indicates how much cheaper the token costs when purchased via bond than via normal market buy.
ROI is the Return On Investment
Vesting Term measures the period a minting action takes to fully redeem. This number is expressed in days.
Time Until fully vested is the time until the SB minted will be fully redeemable.
Pending Rewards is the amount of SB you are entitled to receive from bonding.
Claimable Rewards is the amount of SB that you can claim now. This amount keeps increasing as SB is vested to you over the vesting period.
ROI is the Return On Investment
Vesting Term measures the period a Minting action takes to fully redeem. This number is expressed in days.
