Bonding? (β—Ž,β—Ž)

What's Bonding?

Bonding is the process of trading an asset or LP share to the protocol for IN. The protocol specifies the tentative ROI of bonding, the amount of IN participants will receive and a vesting period for the trade. In a optimal scenario, participants trade their asset or LP share for more IN tokens.
Bonding is for a 5 day fixed period. Each different type of bond you can hold one of. if you buy more than one bond of the same variety, you will forfeit the previous yield you had locked in and reset the time to maturity to 5 days. A bond portfolio can look like this in simplest terms.
  1. 1.
    One bond of USDT variety, bought when IN is worth $1000 USDC. With a 5% discount on the bond, you will be paying 950 USDC for the opportunity to own $1000 USDC of IN at maturity.
Furthermore, your bond is not paid out the full amount only at maturity, but rather it is linearly vested, meaning that you get the proceeds from the bond handed back to you during the duration of the bond. This means that a user of Sol Invictus can effectively bond, claim quickly and then stake the proceeds for even more implicit yield.

IN-USDC LP Bonding

IN-USDC LP Bonding allows you to contribute liquidity to the IN-USDC pool on Raydium in return for LP shares, which can then be used to mint IN at a discount.

Bond Ceilings

Sol Invictus has bond ceilings for all our bond pairs. These are created to limit the amount of inflation IN can experience in a given time frame. Bond ceilings are good for the sustainable growth of our platform and are a needed feature. At this point in time, there is no warning when the bond ceiling is hit or close to hitting, but future updates to Sol Invictus will have this feature.