BONDs

UBONDs Details:

1. Discount for buying $UBOND

• There will be a discount when buying $UBONDs according to the price of TWAP.

Example 1: If TWAP = 0.7, then 1 $UBOND = 0.7 $UTOMB.

Example 2: If TWAP = 0.8, then 1 $UBOND = 0.8 $UTOMB

2. Premium for redeeming $UBOND

• For users swapping from $UBONDS to $UTOMB, we're offering an incredible 70% premium while TWAP is over 1.10. This premium allows our community members to enjoy extra benefits when redeeming $UTOMB.

3. Premium Threshold

• Users are able to claim the 70% premium whenever the TWAP is above 1.10.

Example 1: Rice

Rice seized the opportunity offered by buying $UBONDs:

• He made a strategic move by swapping his $UTOMB for $UBONDs, taking advantage of the 30% discount while contributing to the health of the ecosystem by swapping .7 $UTOMB for 1 $UBOND.

• Later, when TWAP reached the 1.1 threshold he decided to swap his 1 $UBOND back to $UTOMB, and he received 1.17 $UTOMB from the 70% premium.

Rice's decision to help support the protocol paid off, he was able to turn .7 $UTOMB into 1.17 $UTOMB making his experience even more rewarding!

Example 2: Jamie

Jamie seized the opportunity offered by buying $UBONDs:

• He made a strategic move by swapping her $UTOMB for $UBONDs, taking advantage of the 30% discount while contributing to the health of the ecosystem by swapping .7 $UTOMB for 1 $UBOND.

• Later, when the TWAP reached the 1.05 threshold, she chose to exchange her .7 $UBOND for 1 $UTOMB. Even though the TWAP surpassed the 1.001 peg, it didn't cross the premium threshold of 1.10. Consequently, he received 1 $UTOMB without the additional bonus from the 70% premium.

Jamie's choice to contribute to the protocol yielded positive results. However, his fell short of maximizing he rewards as he redeemed his $UTOMB prior to the premium threshold of 1.10.