BBONDs

BBONDs Details:

1. Discount for buying $BBOND

• There will be a discount when buying $BBONDs according to the price of TWAP.

Example 1: If TWAP = 0.7, then 1 $BBOND = 0.7 $BRATE.

Example 2: If TWAP = 0.8, then 1 $BBOND = 0.8 $BRATE

2. Premium for redeeming $BBOND

• For users swapping from $BBONDS to $BRATE, we're offering an incredible 70% premium while TWAP is over 1.10. This premium allows our community members to enjoy extra benefits when redeeming $BRATE.

3. Premium Threshold

• Users are able to claim the 70% premium whenever the TWAP is above 1.10.

Example 1: John

John seized the opportunity offered by buying $BBONDs:

• He made a strategic move by swapping his $BRATE for $BBONDs, taking advantage of the 30% discount while contributing to the health of the ecosystem by swapping .7 $BRATE for 1 $BBOND.

• Later, when TWAP reached the 1.1 threshold he decided to swap his 1 $BBOND back to $BRATE, and he received 1.17 $BRATE from the 70% premium.

John's decision to help support the protocol paid off, he was able to turn .7 $BRATE into 1.17 $BRATE making his experience even more rewarding!

Example 2: Alice

Alice seized the opportunity offered by buying $BBONDs:

• She made a strategic move by swapping her $BRATE for $BBONDs, taking advantage of the 30% discount while contributing to the health of the ecosystem by swapping .7 $BRATE for 1 $BBOND.

• Later, when the TWAP reached the 1.05 threshold, she chose to exchange her .7 $BBOND for 1 $BRATE. Even though the TWAP surpassed the 1.001 peg, it didn't cross the premium threshold of 1.10. Consequently, she received 1 $BRATE without the additional bonus from the 70% premium.

Alice's choice to contribute to the protocol yielded positive results. However, she fell short of maximizing her rewards as she redeemed her $BRATE prior to the premium threshold of 1.10.