How to Bond
How to Bond your VNTR
Last updated
How to Bond your VNTR
Last updated
Bonds allow users to buy VNTR from the protocol at a discount by trading it with i) liquidity (LP tokens) or ii) other assets. The former is called liquidity bonds and the latter reserve bonds.
Bonds take roughly 15 epochs to vest, and VNTR 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, and thus its RFV faster.
VNTR currently offers 6 types of bonds:
USDC.e
WETH
WBTC
USDT
ARB
VNTR-WETH LP
Bond Page:
Bond Price is the price of VNTR you get from bonding. You can calculate the bond price using the following formulae:
USDC.e Bond: (Value of your USDC.e token / VNTR you'll get from bonding)
WETH Bond: (Value of your ETH token / VNTR you'll get from bonding)
WBTC Bond: (Value of your BTC token / VNTR you'll get from bonding)
USDT Bond: (Value of your USDT token / VNTR you'll get from bonding)
ARB Bond: (Value of your ARB token / VNTR you'll get from bonding)
LP Bond: (Value of your LP token / VNTR you'll get from bonding)
Market Price is the market price of VNTR.
Your Balance is your balance of LP tokens. This is the asset used to create a bond.
You Will Get tells you how many VNTR you will get from bonding.
Max You can Buy the maximum amount of VNTR available to be bought.
Min You can Buy the minimum amount of VNTR to be bought.
ROI is the Return On Investment
Debt Ratio measures the total amount of VNTR created from bonds that have yet to be paid out by the protocol. The debt ratio is calculated differently for LP bonds and Token bonds:
LP Bond: (VNTR created from unredeemed bonds / VNTR total supply)
Token Bond: (VNTR created from unredeemed bonds / VNTR circulating supply)
Vesting Term measures the period a bond takes to fully redeem. Approximately 5 days or 15 epochs (measured in blocks).
Redeem Page:
Pending Rewards is the amount of VNTR you are entitled to receive from bonding.
Claimable Rewards is the amount of VNTR that you can claim now. This amount keeps increasing as VNTR is vested to you over the vesting period.
Time until fully vested time until the VNTR bonded will be fully redeemable
ROI is the Return On Investment
Debt Ratio measures the total amount of VNTR created from bonds that have yet to be paid out by the protocol. The debt ratio is calculated differently for LP bonds and Token bonds :
LP Bond: (VNTR created from unredeemed bonds / VNTR total supply)
Token Bond: (VNTR created from unredeemed bonds / VNTR circulating supply)
Vesting Term measures the period a Bonding action takes to fully redeem. This number is expressed in days.
