Bonds

An introduction to our bonds mechanism.

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Last updated 2 years ago

Bonds

An introduction to our bonds mechanism.

Traditionally, DeFi protocols attract liquidity with heavy protocol native token rewards. We in KALM believe in taking slower by protecting the core token's value. This would allow us to incentivize more products within the ecosystem sustainably for longer timeframes.

Bonds on Kalmy.app are a counter-inflation tool that constantly contribute to the liquidity of the core asset - KALM. Due to the release of the bonds, we would be able to create LPs with lower rewards for community-owned pools, contributing to significantly less selling pressure.

By using our bonds products, you can buy KALM tokens using liquidity tokens with up to 8% discount from the market price.

Bonds specifications

70% of the liquidity obtained as the result of bonds purchases will remain as KALM liquidity owned by the treasury. The other 30% will be managed by the team.

Most of the KALM from received LP tokens will be re-injected into mining rewards, adding to the KALM reserves (aimed to loop the ecosystem rewarding to infinity). No KALM to be sold from this; however, there might be burns depending on this tokenomics performance.

The rest of the LP assets (BNB, AVAX, FTM, USDC) will be pretty much traditional treasury management. This will include various activities, from investments and KALM buybacks to promoting and maintaining Kalmy.APP ecosystem. All the addresses are to be public.