Bonding and Its Significance

Bonding is a fundamental aspect of Friendchips that sets the stage for responsible treasury growth and long-term sustainability.

  • Protocol Advantage: Bonding ETH within our dApp in return for discounted FRIENDCHIPS is the best way for the protocol to grow its treasury of Friend Tech Keys, as 95% of the bonded ETH is bridged to BASE and used to buy Keys

  • Bonding will only be available when the market cap is above a certain level and will only permit limited amounts of bonding, to prevent excessive dilution for existing holders

  • Investor Advantage: Bonding offers investors the advantage of discounted FRIENDCHIPS tokens and exemption from the 6% buy tax on the Uniswap LP

  • Duration and Discount: Bonding Periods vary, with longer durations offering more substantial discounts to the market price

  • The Bonding period is the length of time over which users are willing to wait to receive their FRIENDCHIPS

  • FRIENDCHIPS minted in this way are vested daily in equal proportions over the Bonding Period users choose (1, 3, 10 or 30 days), with increasing discounts to the market price for longer bonding period

  • Impact on the Ecosystem: Bonded ETH plays a crucial role in purchasing Friend Tech Keys and enhancing the value of the Friend Tech portfolio

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