Aged 3Bonds

Vesting & Rewards

To best understand the details provided below, please ensure you have read 3Bonds.

Overview.

An Aged 3Bond represents a fully activated creditor position within the 3 ecosystem. This page details the mechanics of accessing its underlying value and the dual-revenue model it unlocks.

Vesting the GUILD Backing

The 10,000 GUILD backing each Aged 3Bond is claimed through a programmable vesting process.

  • Initiation: The bondholder can initiate a vesting schedule at any time. This is a non-reversible action that burns the Aged 3Bond NFT.

  • Distribution: Once initiated, the 10,000 GUILD are streamed from the Single-Sided Lending Pool to the holder's wallet linearly over a 12-month period. This period includes a 30 day cliff before vesting begins.

  • Settlement: The vested GUILD can be held, used elsewhere in the ecosystem, or settled for crvUSD via the Settlement Pledge at any time during or after the vesting stream.

Earning Distributions: ETH & Lending Revenue

As an active creditor, an Aged 3Bond holder earns a share of the protocol's value generation through two distinct streams.

  • ETH Distributions (Protocol Surplus): You receive a pro-rata share of the ecosystem's surplus revenue, distributed as ETH through the Creditors POD. Rewards begin accruing immediately upon holding an Aged 3Bond.

  • Lending Revenue (Stage 4): Once the Single-Sided Lending Pool (SSLP) is activated, the 10,000 GUILD backing your bond will be deployed to borrowers. You will earn a share of the lending fees generated, distributed as crvUSD. This provides a continuous yield on your locked capital, separate from the protocol's surplus.

This dual-revenue model means Aged 3Bonds generate yield from both the protocol's overall profitability and the direct, productive use of their collateral.

The Complete Creditor Position

Holding an Aged 3Bond is the culmination of the creditor journey. It provides:

  1. Capital Access: A guaranteed, streamed return of your principal (10,000 GUILD).

  2. Profit Sharing: A dividend-like income from the protocol's success (ETH).

  3. Productive Yield: A base yield from the core utility of its locked capital (crvUSD lending fees).

This position is designed to be the cornerstone of long-term, aligned value within the 3 ecosystem.

NFT details.

  • Name: Aged3Bond,

  • Address: [Contract address will be added here when deployed]

  • Type: ERC721.

  • Hard Cap: None (Infinite).

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