How To Bond Imps ( 1 , 1 )
Last updated
Last updated
Bonds allow users to buy IMP from the protocol at a discount by trading it with other assets.
Bonds take 15 epochs to vest, and IMP tokens are vested linearly to the user over that period. While liquidity bonds help the protocol to accumulate and lock liquidity, reserve bonds allow the protocol to grow its treasury according to ImpDAOs current investment strategy.
Go to Bond page and select the bond type you have purchased. Select the "Redeem" tab. Then, click "Claim Rewards" to claim all of your available rewards.
Your Balance is your balance of non-IMP tokens. This is the asset used to create a bond.
IMP Price is the market price of IMP.
Bond Price is the price you pay to buy one IMP. It has to be lower than Market Price or it doesn't make sense to bond.
ROI is the difference between the bond price and the market price. In the screenshot above, bonding would give you a 9.35% discount versus buying the same amount of IMP from the market.
Vesting Term measures the period a minting action takes to fully redeem. This number is expressed in days.
