BOND Liquidity Rewards: The Sequel
We understand that the community has been supportive of our decision to place the ultimate development of the project ahead of some short-term milestones and thusly, would like to offer our appreciation. It is particularly important in crypto to stay agile and capitalize on near-term opportunities when presented. It was a business decision to insure a comprehensive and more intensive launch than originally planned and while it was not unanimously well-received, we very much appreciated those that understood and the vibrant discord that went along with it.
In the spirit of keeping a good thing going, the Bond Liquidity rewards program will be picking up where we left off. This means we will be matching our 10m awarded tokens over 60 days with an additional 60 days of liquidity staking whereby another 10M tokens will be awarded.
With so much progress to be shared in the near-term and our wish to keep things stable heading into our launch and ramp up, we felt that this was something incumbent upon us to do. To recap for those that may have been present for the first liquidity pool, it works as follows:
The BOND Incentivized Liquidity Pool
As participants in the evolution of capital markets, one of Bonded’s goals is to distribute our supply into the hands of those who support the project and interact with our protocols. The DeFi space has just begun to hit its stride and Uniswap is certainly one of our great catalysts and as such we are elated to begin our journey of participation here. To do our part, we are distributing 1% of our total supply to liquidity providers and for more, please reference our original announcement .
Incentivized Pool Dates:
January 24th, 2021 2:00PM UTC to March 25th, 2021 1:59PM UTC.
- Given that we have allocated a fixed amount of BOND, the APY will be determined by the participation of the liquidity providers.
- Current APY can be tracked in the staking UI.
To begin earning BOND in reward for your provided liquidity, follow these steps:
- Provide liquidity to the BOND/ETH Uniswap Pair, which is accessible here
- Once you have received your BOND V2 LP Tokens, go to rewards.bonded.finance
- Click “Connect Wallet”
- Click “Deposit.”
- On the BOND-ETH pool UI, confirm the deposit of your LP tokens.
The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven, financial instruments that push the bounds of open finance. Bonding is an algorithmic model that aims to unlock, aggregate and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to borrow against these assets or pool them and start earning.