What is SuperBonds?
The SuperBonds platform employs financial NFTs (Non-Fungible Tokens) to facilitate DeFi’s first bond market. Traders can buy fixed yield bonds as financial NFTs that are redeemable anytime. These bonds can be self-custodied or utilised as collateral elsewhere. LPs (Liquidity Providers), who underwrite the bonds, have access to multiple revenue streams via the SuperBonds platform to incentivise the creation of yield-bearing NFTs with a definitive YTM (Yield-To-Maturity). This is powered by the SB token, the gas that is paid for every transaction on the SuperBonds platform.
SuperBonds tokenizes a FIXED USD yield into a unique NFT that as a self-custodied token can enable new collateralization opportunities, unlocking a new chapter in capital efficiency. Fixed rates not only provide a certainty of return for the token owner, but also greater predictability, opening the door for optimal collateralization.
SuperBonds thus has distinguishing properties from currently existing platforms, in that it allows for:
Fixed USDC yield
Unique Identifier for each Bond issued
How do I connect to the SuperBonds platform?
The SuperBonds platform simply requires you to connect a Solana Program Library (SPL) wallet that holds SOL tokens in order to make any transactions. Please note that to buy bonds or to provide liquidity, as well as for custodying any NFTs and token rewards you claim, you'll be directly using your wallet.
SuperBonds supports various SPL wallets that you'll be able to choose from once you visit the app.
What can I do on SuperBonds?
You can harness the capabilities of the SuperBonds MetaYielder platform via the following ways:
Bond Underwriting or Providing Liquidity: Earn token rewards by providing liquidity for the creation of Financial NFTs that serve as zero-instalment bonds with different maturities
Trading: Buy bonds with a positive Yield-To-Maturity, with the ability to redeem any time you deem fit through a redemption carve-out while earning token rewards
Staking: Stake your SB/LP tokens in different pools to earn staking rewards which can be utilised for further yield generation
What is the SuperBonds token?
The SuperBonds(SB) token is the native token of the SuperBonds platform, intrinsic to its value generation, and needed in every transaction. SB tokens are required for all transactions on the SuperBonds platform, be it to buy/sell or transfer bonds. A comprehensive breakdown of the supply, distribution and usage of SB token is given under the Tokenomics
Introduction to SuperBonds - SuperBonds