bToken
Bond token, bToken, is used to exchange the corresponding Margin Token at a 1:1 ratio. It also generates interest for the holder and can be traded on secondary markets (for details: Bond and Buyback Fund).
There are 2 ways to get bToken:
When a user withdraws funds but the insurance pool is under the circumstance of an insufficient redemption rate
Buy from the secondary market
bToken can be staked in interest pools to receive interest. The annualized rate of return is % and interest is settled at 12:00 a.m. UTC every day.
After being converted into the corresponding Margin Token, the used bToken will be transferred to a smart contract address, and not allowed to withdraw, which means they are burned forever.
Last updated