Bonds allow users to mint SBIRD from the protocol at a discount by trading it with liquidity (LP tokens). The minting action creates bonds that are vested to the user over a linear period of time.
Liquidity bonding helps the protocol to accumulate and lock liquidity, while reserve bonding allows the protocol to grow its treasury, thus increasing its backing per SBIRD.
SmartBird will initially offer the ability to purchase bonds with the following assets.
• BUSD • SBIRD-BUSD