# YeetBonds

<figure><img src="/files/0n6510QZcHCDISk4En4h" 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 %}


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