Penguin Bond Family: Introducing The First Member BunnyDucky Bond
NOOOOOOT
We are delighted to present BunnyDucky Bond, the first member of the Penguin Bond Family. BunnyDucky is a magician capable of maximizing yield earned by auto-compounding and rebalancing strategies. He needed long-term reliable liquidity to assist him with this endeavor, so he joined the Penguin Bond family and became BunnyDucky Bond!
BunnyDucky Fair Token Launch (Friday 01/21/2022 HKT 9:00am)
At token launch, 50k BUD and 250k PAI will be added to the token genesis LP pool to initialize its liquidity. A further 10k BUD is minted for the initial incentives boost at launch.
BUD’s supply and liquidity will grow through “bonding” and “staking”, using Penguin Finance services. BunnyDucky will pump protocol revenue into bonding as a way to build intrinsic value and locked-in liquidity for the token over time.
Protocol revenue bonding will activate on Friday 01/21/2022 HKT 9:00am, with 90% going into bonding, and 10% to the yield tokens. Initial incentives boost will start at the same time as protocol revenue bonding.
What is the Penguin Bond family?
The Penguin Bond family is supported by Penguin Finance and comprises protocols that offer bonds in cooperation with Penguin Finance.
Penguin Finance is a solution for protocols who want to improve liquidity mining in their emissions initiatives with minimal effort and maximum effect. Our partners benefit from our Liquidity As A Service and access to a booming growth.
Protocols collect the key infrastructure liquidity that is often serviced by bonding. Instead of renting that liquidity, they simply purchase it, converting a value-draining ongoing expense into revenue-generating assets that allow the platform to continue to operate.
Why bond?
You can use BUD/PAI LP tokens to buy BUD at a discount, locking the liquidity in the protocol treasury. The BUD supply rises in lockstep with the token’s liquidity depth over time. Bonders would be given staked BUD tokens that would begin accruing staking benefits right away.
Compounding BUD incentives will be given to staked BUD. It takes 7 days to undo the stakes. This implies that while bonders will receive staked BUD tokens right once, it will take 7 days for you to unstake.
Summary
You pay: $1000
You earn: $1200 BUD + staking revenue (assuming 20% discount)
How to bond? (Friday 01/21/2022 HKT 9:00am)
- Convert your $1000 tokens to $1000 PAI via Swap
- Purchase BUD from the market with $500 PAI via Swap
- Create BUD/PAI LP with $500 BUD + $500 PAI via Pools
- Bond BUD/PAI LP to purchase $1200 worth of BUD (assuming 20% discount) via Bond
- Claim $1200 BUD + staking revenue after 7 days when you want
Tips
- If the bond’s ROI is poor, all you have to do is to wait for the bond price to decline on its own till someone buys it.
- The reward will come to an end as soon as you unstake. During the 7-day unstake procedure, no revenue will be received.
- Just keep staking
- If you run into any issues during trading, you can always contact us on Discord and we will assist you ASAP!
TO THE NEPTUNE♆
About Penguin Finance
Penguin is a one-stop solution for treasury management, including liquidity bonding and vesting. A protocol can utilize the bonding service to acquire liquidity instead of renting it. Protocol-owned liquidity can help a protocol survive in the long run by staying with it during a downturn. Instead of fostering short-term involvement, token vesting will allow protocols to match their incentives and communities with their long-term goals.
