Bond
bToken bond is a redeemable margin equivalent that is temporarily issued when the system cannot fully redeem users' margin withdrawals. It is a 1:1 exchangeable token with a margin (e.g. USDT). It is a tool for system risk control, and also a means to protect users interest from extreme system risks.
bToken is not pre-issued, and will only be automatically issued via smart contracts when the system generates a net loss or when the insurance pool cannot fully cover users funds withdrawal. For details, please refer to our article on Medium: https://derify.medium.com/how-does-the-insurance-pool-in-derify-works-c8887ceda8c5
- 1.Keep it in your wallet first. When the buyback fund has a balance, it will redeem it in 1:1. Then you can convert it into margin.
- 2.Sell it in secondary market, for e.g. PancakeSwap
- 3.staking bToken to earn interest
- 4.Provide liquidity for bToken in the secondary market and get stablecoin LP income
When the buyback fund has a balance, bToken holders can exchange bToken back to deposit at any time
