Bonds

Bonds allows Makers to raise capital by selling tokens and Takers to find and participate in deals.

Unlike Plasma which is intended for retail users, Bonds is built for protocols and groups to accomplish a range of strategic objectives. This may be raising capital to fund a project, a DAO diversifying its treasury or a Layer 1 incentivising liquidity in a trading pair. These are just a few examples of how Bonds can be used.

Bonds provide the bond Maker with several mechanisms to structure the deal to suit their strategy and needs. In addition, they provide Takers with liquidity in the form of a receipt token (called a bTOKEN) while they wait for the bond to mature.