Vimverse (EN)

⛏️Bonding

How to Purchase Bond

Visit the Vimverse website's Bond page. You can see the currently supports USDT single asset bond.

  1. Open the USDT page and select "Bond."

  2. Enter the amount of USDT tokens you want to use. The Max You Can Buy below shows the maximum amount of sVIM you can get by buying the bond.

  1. If this is your first purchase, you need to approve the Vimverse contract to use your USDT tokens. Click "Approve" and sign the transaction.

How to Redeem sVIM from Bond Purchase

  1. Visit the Vimverse website's Bonstake page. Select "Redeem" to see the current amount of sVIM you can redeem. Click "Claim" to withdraw.

  2. Visit the Stake page, and under "Your Staked Balance," you can see your current sVIM balance. Unstake the sVIM to receive VIM.

Explanation

  • Your Balance is the balance of your required assets. These assets are used for purchasing bonds.

  • Bond Price is the price of sVIM you get from the bond. You can calculate the bond price using the following formula: USDT Bond: (Your USDT token value / sVIM you will get from the bond) Market Price is the market price of VIM.

  • You Will Get tells you how much sVIM you will receive.

  • Debt Ratio measures the total amount of sVIM generated by outstanding bonds in the protocol. The debt ratio is calculated as: sVIM generated by unredeemed bonds / total sVIM supply

  • Vesting Term measures the time required for bonds to be fully redeemed, approximately 10 days.

  • ROI (10-day rate) refers to the return on investment in 10 days.

  • Pending Rewards are the amount of sVIM you will get from the bond.

  • Claimable Rewards are the amount of sVIM you can claim now. This amount will increase continuously as sVIM is released during the unlocking period.

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