Bonds

What are Bonds?

Bonds refer to the process of trading Liquidity Provider (DUM+BUSD) tokens for DUM tokens at a discount (below market price).

The process of purchasing bonds has been simplified to a one-step process. Users only need to have the asset-pair (BUSD + DUM) in their wallet to purchase the bonds directly.

Bonds are vested for 5 days , and the purchased will be available after 5 days.

Why Bond?

Simply, it allows you to buy DUM) at a lower cost basis. In return for selling your asset-pair (LP), the protocol will sell you DUM) at a discount. The idea here is that bonds will give you more DUM) than you would have received if you had bought on the market and then staked. The amount will be determined by how many bonds there are already available.

How to buy?

Go to Dumbo's website and select the “bond”. An asset pair (BUSD+DUM) is needed in your wallet to buy DUM bonds at a lower price.

How to get?

On Dumbo's website, select the “bond”, and then click “get”. When the purchased bonds expires, you can get all the DUM rewards.