Perpetual Bonds
"The rules constitute the 'freedom' of the pieces."
Perpetual bonds are an all but defunct financial instrument. Trust is required, so is keeping a receipt forever. Tokenization allows the receipt to serve perpetual functions - viz., as currencies - in our decentralized exchange. This provides at least a three-fold value for participants:
- 1.Returns are issued in perpetuity according to the terms of the bond.
- 2.As currencies in Active Yield Generating Pools (may overlap with 1).
- 3.In transaction fees distributed to liquidity providers according to our fee structure.
The return structure for each receipt-token will be consistent with the function the token is intended to perform. Wrapped tokens, such as xOpenX, receive interest and transaction fees. Our algorithmic synthetics will serve to peg a particular value, be it stable or volatile.
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Perpetual Bonds currently offered by the OpenX Project:
Last modified 16d ago