Derify Protocol Documents
  • About Derify
    • General
    • Trading
    • Margin Token
    • Trading Token
    • Position Mining
    • Brokers
    • Grant Program
    • eDRF & Governance
    • Bond
    • Insurance, Buyback and Burn
    • Other
  • Getting Started
    • Tutorial
      • Connect Wallet
      • Choose Broker
      • Faucet
      • Deposit & Withdraw
      • Open Positions
      • Close Positions
      • Earn
      • Apply For Broker License & License Extention
      • Grant
    • Dictionary
  • DRF Token
    • General
    • Distribution & Release
  • Derify DAO
    • Overview
    • DAO Contributor
  • Whitepaper
    • Introduction
    • Mechanism
      • Contract Calculation
      • hAMM
      • Position Mining
      • Index Price
      • Risk Factor
        • Risk Exposure
        • Risk Ratio
      • Risk Control
        • Position Change Fee
        • Position Restriction
        • Auto Deleverage and Mandatory Liquidation
        • Dynamic Mining Reward
      • Risk Compansation
        • Insurance Pool
        • Bond and Buyback Fund
    • Implementation
      • Transaction Order
      • Side-chain, Rollup and Cross Chain
      • Against Front-running Attack
      • Against Flash-loan Attack
    • Tokenomics
      • DRF Token
      • Trading Fee
      • eDRF Token
      • bToken
    • Community and Governance
      • Broker
      • Developers and Other Members
      • DAO Governance
    • Roadmap
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  1. Whitepaper
  2. Tokenomics

bToken

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最后更新于1年前

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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: ).

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 iii% 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.

Bond and Buyback Fund