> For the complete documentation index, see [llms.txt](https://docs.yeetit.xyz/yeet/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.yeetit.xyz/yeet/products/yeetbonds.md).

# YeetBonds

The home of PoL²

<figure><img src="https://424785090-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FneZGzvGfL3lat813enPI%2Fuploads%2FfkA7sy3ipXMROTX8W5aA%2Ftelegram-cloud-document-2-5364038089662548846.jpg?alt=media&amp;token=b1a3f860-d9fd-4d6d-8054-15ffe18aab19" alt="" width="375"><figcaption></figcaption></figure>

YeetBonds are a mechanism for Berachain protocols to issue tokens to buyers, and accept any desired ERC-20 as payment, akin to a permissionless OTC sale. Protocols may use this to:

* Bootstrap liquidity
* Diversify treasury
* Raise funds

The difference between YeetBonds and OTC sales are that bonds typically have a short lockup period applied to tokens acquired by buyers. This is because tokens sold are typically done so at a discount to market price.

Discounts can be static (price is predeetermined and fixed), or dynamic (discounts use a dutch auction and increase/decrease based on market demand). All parameters are configurable during the bond deployment process.

This product is brought to Berachain via a collaboration with [Bond Protocol](https://bondprotocol.finance/). All smart contracts used are theirs, and documentation can be found below.

{% embed url="<https://docs.bondprotocol.finance/products/permissionless-bonds>" %}
Bond Protocol documentation
{% endembed %}

{% hint style="info" %}
YeetBonds fees are 5% of volume, paid in the token accepted as payment in the YeetBond
{% endhint %}