rBonds

rBonds are Rena's unique liquidity incentivization technology and rBonds are available for purchase on Rena's rBond Marketplace.

What Are rBonds?

rBonds are Rena's unique liquidity incentivization technology and rBonds are available for purchase on Rena's rBond Marketplace. rBonds are one-way "buy only" DEX style liquidity pairs offering tokens, often at a discount. Tokens purchased are held for vesting lock-periods which must pass before they are claimable.

How Do They Work?

An rBonds Input Token, the token that is used to purchase from the rBond, is weighted in the rBond pair with a synthetic rToken (Rena protocol automatically provides this side of the liquidity for the rBond). While the Output Token, the token that is issued to rBond purchaser, is the non-synthetic (real) token which is provided by the rBond creator/owner. The price of rBonds is dependant on the Uniswap DEX price which Rena indexes, the discount set and other purchase activity. Tokens purchased from rBonds have a vesting period that must elapse before the purchaser can claim them.

When a purchase from an rBond is made the rBond automatically mints the rTokens for the Input Token amount to appropriately adjust the weight of the pair (like a "placeholder" token) while the rBond then automatically redirects the Input Tokens to the rBond owner's provided address. rBond creators use rBonds to issue tokens at an adjustable discounted rate with customizable vesting periods.

rBond creators gain access to new liquidity and the rBond discount mechanism incentivizes rBond purchasing activity. rBond purchasers benefit from access to tokens at a discounted market rate. The Rena DAO and rStakers benefit from volume on the rBond Marketplace. The system has been designed to benefit all participants; rBond Purchasers, rBond Creators, Rena DAO and RENA rStakers.