GuildBonds
The Creditor Access Point
Introduction:
GuildBonds is your gateway to becoming a creditor of the 3 ecosystem.
This interface provides the tools to acquire 3Bonds; the protocol's financial instruments that grant a share in its surplus revenue and a claim on its future.
How to Acquire a 3Bond
There are three distinct paths to acquire a 3Bond, designed to cater to different types of participants.
Convert a Startup Token (PRIME/ALPHA) This is the path for early supporters. You can convert a PRIME or ALPHA startup token directly into an Aged 3Bond, granting immediate creditor rights.
Learn more: Startup Tokens
Mint with GUILD If you hold "loose" GUILD in your wallet, you can mint an Aged 3Bond, granting immediate creditor rights, by depositing 10,000 GUILD into the SSLP.
Learn more: Bond Minting
Purchase with crvUSD This path allows you to buy an Adolescent 3Bond directly for 10,000 crvUSD. This option includes a rebate, streamed over 12 months, making the effective cost lower.
Learn more: Bond Purchases
Adolescent vs. Aged 3Bonds: Your level of access
Adolescent 3Bonds:
Earn a crvUSD rebate for 12 months.
The 10,000 GUILD backing is minted and deposited upon conversion to an Aged Bond.
Does not earn ETH distributions.
Aged 3Bonds:
Have an active, vesting claim on 10,000 GUILD.
Eligible for ETH distributions immediately.
Grants immediate creditor rights.
After the 12-month rebate period, an Adolescent 3Bond can be converted into an Aged 3Bond.
The Benefits of Being a Creditor
Guarded Principal: Every bond is backed by 10,000 GUILD, which is claimable through vesting. The Settlement Pledge provides a hard floor for the value of this GUILD.
Share in Protocol Surplus: As a creditor, you receive a pro-rata share of the ecosystem's surplus revenue, distributed as ETH through the Creditors POD. This is your "yield" for providing long-term liquidity to the system.
Support Ecosystem Stability: The GUILD backing your bond provides the essential liquidity for the protocol's future native credit markets, making you a foundational part of its growth. When 3's SSLP goes live, Aged 3Bond yield will increase to include lending revenue share distributions.
Governance Backstop: The protocol's design automatically priorities creditors. Unclaimed governance power (VW3) is used to boost the Creditors POD's share of surplus revenue, ensuring you are supported even during early or low-governance participation phases.
By choosing the path that best fits your strategy, you can directly participate in capitalising the protocol and earn a return on its success.
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