Purchase A Bond (✌️, ✌️)
Bonds allow users to buy WAGMI from the protocol at a discount by trading it with i) LP tokens (liquidity bonds) or ii) other assets such as DAI (reserve bonds).
Bonds take 5 days to vest, and WAGMI tokens are released 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.
There are currently seven bonds available on Euphoria:

How to Redeem

Go to the Mint page and select the bond you wish to redeem. Select the "Redeem" tab.
Use the Claim button to claim all of your claimable rewards, and have the pending WAGMI sent to your wallet.
Use the Claim and Autostake button to have all the available WAGMI sent automatically to the staking contract and receive the sWAGMI as a receipt for your stake! This will automatically begin to collect rebase rewards and auto-compound.

Reading the Data

Mint Price is the price of WAGMI you get from bonding. You can calculate the mint price using the following formulae:
  • Liquidity Bond: (Value of your LP token / WAGMI you'll get from bonding)
  • Reserve Bond: (Value of your principle token / WAGMI you'll get from bonding)
Reserve bond principle token = DAI, UST, USDC, or BUSD
Market Price is the current market price of WAGMI if you were to purchase on ViperSwap.
Your Balance is your balance of the asset being used to create a bond.
You Will Get tells you how many WAGMI you will get from bonding.
Max You Can Buy is the maximum amount of WAGMI available to be purchased from bonds.
ROI is the difference between the bond price and the market price. In the screenshot below, bonding would give you a 3.93% discount versus buying the same amount of WAGMI from the market.
Debt Ratio measures the total amount of WAGMI created from bonds that have yet to be paid out by the protocol. The debt ratio is calculated differently for liquidity bonds and reserve bonds:
  • Liquidity Bond: (WAGMI created from unredeemed bonds / WAGMI total supply)
  • Reserve Bond: (WAGMI created from unredeemed bonds / WAGMI circulating supply)
Vesting Term measures the period a bond takes to fully redeem.
Minimum Purchase is the minimum amount of WAGMI that can be purchased with a bond.

Redeem Page.

  • Pending Rewards is the amount of WAGMI you are entitled to receive from minting.
  • Claimable Rewards is the amount of WAGMI that you can claim now. This amount keeps increasing as WAGMI is vested to you over the vesting period.
  • Time Until fully vested is the time until the WAGMI minted will be fully redeemable
  • ROI is the Return On Investment
  • Debt Ratio measures the total amount of WAGMI created from bonds that have yet to be paid out by the protocol. The debt ratio is calculated differently for liquidity bonds and reserve bonds:
    • Liquidity Bond: (WAGMI created from unredeemed bonds / WAGMI total supply)
    • Reserve Bond: (WAGMI created from unredeemed bonds / WAGMI circulating supply)
  • Vesting Term measures the period a bond takes to fully redeem.