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Bonds Overview

What is bonding?

Bonding is a process where a user can sell an asset (e.g. USDC, WETH) to the DAO. In the case of Redacted bonds, this is done in exchange for BTRFLY tokens. When users sell an asset to the DAO (i.e. buy a bond), they have the opportunity to acquire BTRFLY at a discount.

How is the BTRFLY discount determined?

For Redacted's bonds, we use Bond Protocol, which uses a continuous Dutch auction to price the bonds.

Which bonds are currently live?

For updated information on live bonds, head to Redacted's page on the Bond Protocol marketplace.