Purchase A Bond（1,1）

Bonds allow users to buy SOHM 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 SOHM 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.

SOHM offers one types of bonds on its website:

• SOHM-wBNB LP Bond

One-click transaction

When the user only owns one kind of asset, he can choose one-click transaction. The user provides an asset, and the system will automatically trade at a ratio of 50:50 to form an LP to purchase bonds.

How to Redeem

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.

Reading the Info

Balance is your balance of wBNB tokens. This is the asset used to create a bond.

Bond Price is the price of SOHM you get from bonding.

Market Price is the market price of SOHM.

You Will Get tells you how many SOHM you will get from bonding.

Debt Ratio measures the total amount of SOHM created from bonds that have yet to be paid out by the protocol.

Vesting Term measures the period a bond takes to fully redeem. This number is in BscScan blocks. 33110 blocks is approximately 5 days or 15 epochs.

Discount is the difference between the bond price and the market price. In the screenshot above, bonding would give you a 10.63% discount versus buying the same amount of SOHM from the market.

Pending Rewards is the amount of SOHM you are entitled to receive from bonding.

Claimable Rewards is the amount of SOHM that you can claim now. This amount keeps increasing as SOHM is vested to you over the bonding period.

Full Bond Maturation refers to the BscScan block when the bond is fully redeemable.