Warp Bonds

Bonding is the secondary value accrual strategy of WARP.

Bonding enables WARP to acquire its own liquidity and other reserve assets such as DAI by selling WARP to investors at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of WARP tokens entitled to the bonder, and the vesting term. The bonder can claim some of the rewards (WARP tokens) as they vest, and at the end of the vesting term, the full amount will be claimable.
->For help on buying a WARP bond, please check our How to Buy a WARP Bond Guide.

Bonding is an active, short-term strategy.

The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable. Therefore, bonding is considered to be an active investment strategy that should be monitored constantly in order to minimize risk, as compared to staking.

Bonding allows WARP Protocol to accumulate its own liquidity.

We refer to this as Protocol Controlled Value, or PCV. PCV is the amount of LP the treasury owns and controls. The more PCV held in escrow, the more robust the protocol is as an operational platform. A healthy PCV ensures that there is always locked exit liquidity in our trading pools to facilitate market operations and protect token holders. Since WARP becomes its own market, on top of additional stability for WARP investors, the protocol accrues a perpetual revenue stream from LP rewards bolstering our treasury.


We are super excited for this part! Each bond is represented as an NFT, which can be bought and sold on OS (OpenSea), as well as transferred between accounts! This makes your bond a lot more flexible similar to real life asset.

WARP Bond Starship Parts

Every time you buy a bond you also receiving a starship part, which will be discussed later (please see our Starship parts page). When you bond for more than $250, a starship part NFT will be minted as well. Combining these parts will allow you to create a starship and then begin to take part in the other staking pools around our ecosystem.
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