Purchase a Bond
Last updated
Last updated
Bonds allow users to buy TEM 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 TEM 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.
Templar currently offers 3 types of bonds:
BUSD
TEM-BUSD LP
BNB
Bond Price is the price of TEM you get from bonding. You can calculate the bond price using the following formulae:
LP Bond: (Value of your LP token / TEM you'll get from bonding)
BUSD Bond: (Value of your BUSD token / TEM you'll get from bonding)
BNB Bond: (Value of your BNB token / TEM you'll get from bonding)
Market Price is the market price of TEM.
Your Balance is your balance of LP tokens. This is the asset used to create a bond.
You Will Get tells you how many TEM you will get from bonding.
Max You can Buy maximum amount of TEM available to be bought.
Min You can Buy minimum amount of TEM have to be bought.
ROI is the Return On Investment
Debt Ratio measures the total amount of TEM created from bonds that have yet to be paid out by the protocol. The debt ratio is calculated differently for LP bond and BUSD bond:
LP Bond: (TEM created from unredeemed bonds / TEM total supply)
BUSD Bond: (TEM created from unredeemed bonds / TEM circulating supply)
Vesting Term measures the period a bond takes to fully redeem. Approximately 5 days or 15 epochs (measured in blocks).
Pending Rewards is the amount of TEM you are entitled to receive from bonding.
Claimable Rewards is the amount of TEM that you can claim now. This amount keeps increasing as TEM is vested to you over the vesting period.
Time until fully vested time until the TEM bonded will be fully redeemable
ROI is the Return On Investment
Debt Ratio measures the total amount of TEM created from bonds that have yet to be paid out by the protocol. The debt ratio is calculated differently for LP bond and BUSD/BNB bond :
LP Bond: (TEM created from unredeemed bonds / TEM total supply)
BUSD/BNB Bond: (TEM created from unredeemed bonds / TEM circulating supply)
Vesting Term measures the period a Bonding action takes to fully redeem. This number is expressed in days.
