Purchase A Bond (1,1)
Bonds allow users to buy IND from the protocol at a discount by trading it with i) liquidity (LP tokens) or ii) other assets. The former is called liquidity bonds and the latter reserve bonds. Bonds take roughly 15 epochs to vest, and IND tokens are vested linearly to the user over that period. Liquidity bonds help the protocol to accumulate and lock liquidity, while reserve bonds allow the protocol to grow its treasury, and thus its RFV faster.
Infinity offers two types of bonds on its website: USDT and IND-USDT LP Bond
One-click transaction
For both types of bonds, it is a one-click transaction as the user is required to own one kind of asset only. For example, the user provides USDT to purchase IND-USDT LP bond. The system will automatically trade at a ratio of 50:50 to form an LP to purchase bonds.
How to Redeem
Go to the Bond page of the Infinity website and select the bond type you have purchased.
Select the "Redeem" tab.
Then, click "Claim Rewards" to claim all of your available rewards.
Reading the Info
Balance is your balance of USDT tokens. This is the asset used to create a bond.
Bond Price is the price of IND you get from bonding.
Market Price is the market price of IND.
You Will Get tells you how many IND you will get from bonding.
Debt Ratio measures the total amount of IND created from bonds that have yet to be paid out by the protocol.
Vesting Term measures the period a bond takes to fully redeem. This number is in Binance Smart Chain blocks. 540,000 blocks are approximately 5 days or 15 epochs
Discount is the difference between the bond price and the market price.
Pending Rewards is the amount of IND you are entitled to receive from bonding.
Claimable Rewards is the amount of IND you can claim now. This amount keeps increasing as IND is vested linearly to you over the bonding period.
Full Bond Maturation refers to the Binance Smart Chain block when the bond is fully redeemable.
IND-USDT LP Bond
The IND-USDT LP bond will be launched soon. It allows you to trade USDT tokens in exchange for discounted IND on Infinity.
How to Bond
Make sure you have USDT in your wallet. For example, you can go to PancakeSwap to swap for USDT if you don't have any.
Head to the IND-USDT LP Bond page of the Infinity website. There are two tabs: "Bond" and "Redeem". Make sure "Bond" is selected.
Type in the amount of USDT you would like to bond. Make sure you are not trying to bond more than what is allowed. The Max You Can Buy field below shows the maximum amount of IND you can purchase.
If this is your first purchase, you need to approve the Infinity contract to spend your USDT. Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, reload the page. The "Approve" button should be changed to "Bond" by now.
Click "Bond" and sign the transaction. Congratulations, you have purchased your first IND-USDT LP bond!
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