BONDS
For those seeking a straightforward explanation:
With Pyramid Finance's bonding, you purchase $PYRA tokens at a discounted rate and receive them after a few days, while simultaneously supporting the protocol's liquidity and growth.
This offers a more strategic way to build your wealth compared to instant acquisition.
Purpose of Bonds
Bonds serve multiple key functions within Pyramid Financial:
Investment Incentive: Encourage users to invest in PYRA tokens by providing a cost-effective entry point.
Long-Term Commitment: Foster sustained engagement by locking bonds for a set period, ensuring users remain invested over time.
Economic Stability: Regulate the circulating supply of PYRA tokens, contributing to the platform’s financial health and tokenomics balance.
Acquiring Bonds:
Users can purchase bonds directly through the Pyramid Financial platform at any time. By investing in bonds, users obtain PYRA tokens at approximately 20% below the current market price, maximizing their investment efficiency.
When a user acquires a bond, the USDC they pay is split into two key portions, each with a distinct purpose:
50% of the USDC is immediately used to buy PYRA tokens on the open market. This helps stabilize and support PYRA’s market value by adding direct buy pressure, benefiting both the protocol and the community.
The remaining 50% is directed toward increasing the protocol's liquidity reserves and funding essential growth initiatives. This includes financing strategic partnerships, marketing efforts, and other operational expenses that are vital for expanding the ecosystem.
This dual approach strengthens PYRA’s liquidity and value over time while enabling Pyramid Financial to continually reinvest in initiatives that foster long-term growth, sustainability, and innovation.
Benefits of Holding Bonds
Discounted Acquisition: Acquire PYRA tokens at a reduced price, enhancing the potential return on investment.
Enhanced Rewards: Bondholders may receive additional incentives, such as increased staking rewards or exclusive access to platform features.
Priority Access: Gain early or exclusive access to new developments, events, or investment opportunities within Pyramid Financial.
Redemption and Claiming Bonds
Bonds become claimable after 12 epochs (equivalent to 72 hours). Upon reaching this milestone, users can redeem their bonds to receive the corresponding PYRA tokens at the discounted rate. This redemption process not only rewards users for their commitment but also reinforces the platform’s economic stability by managing token circulation effectively.
User Journey with Bonds
Purchase: A user buys bonds at a discounted rate through the platform.
Lock-Up Period: The purchased bonds remain locked for 12 epochs, encouraging long-term investment.
Redemption: After 72 hours, the user redeems the bonds to receive PYRA tokens at the discounted price.
Reinvestment: Users can choose to stake the redeemed PYRA tokens to further increase their staking balance and rewards.
Strategic Advantages
Cost Efficiency: Bonds provide a financially advantageous way to acquire PYRA tokens, maximizing investment potential.
Sustained Engagement: The lock-up period incentivizes users to remain invested, contributing to a stable and committed community.
Economic Balance: By regulating the release of PYRA tokens through bonds, Pyramid Financial maintains a balanced token supply, supporting the platform’s overall financial health.
Last updated
