Phoenix Bonds - a novel bonding game built on LiNEAR protocol.
Phoenix Bonds is a principal-protected bonding platform that helps protocols with liquidity-bootstrapping and provide perpetually-boosted yield to users.
$pNEAR is an NEP141 token that is minted when users forgo their bonded $NEAR to the protocol and claim $pNEAR. Since $pNEAR can always be redeemed proportionally for $NEAR in the Reserve bucket, the $pNEAR token captures extra rewards generated by $NEAR that’s outside the Reserve, creating an amplified yield.
The first version has been launched for $LiNEAR, the staking derivative token of LiNEAR Protocol. In the future, Phoenix Bonds can work with all yield bearing assets, it could be used for increasing token stake rate or funding lending markets.
Support initial liquidity of $pNEAR token on Ref Finance with a $pNEAR <> $wNEAR pair.
Pair : $pNEAR <> $wNEAR
Type : Dual Rewards
$LiNEAR : 250 / week
$REF : 2000 / week
Length : 28 days
Estimated Starting Date : February 1st
Targeted TVL : $500k+
Targeted APR : 40%+