YeetBonds
The home of PoL²
Last updated
The home of PoL²
Last updated
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. All smart contracts used are theirs, and documentation can be found below.
YeetBonds fees are 5% of volume, paid in the token accepted as payment in the YeetBond
