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Singapore, Singapore–(Newsfile Corp. – November 22, 2021) – The decentralized reserve currency, AxeDAO, is building a community-owned decentralized financial system to bring more stability and transparency for the world, and help everyone get an opportunity to be financially free.

  • Bonding: Bonds refer to the process of trading Liquidity Provider (LP) tokens for AXE tokens at a discount (below market price). Bonding is the secondary value accrual strategy of AxeDao; Bonding is an active, short-term strategy and bonding allows AxeDao to accumulate its own liquidity.
  • Some key points on Bonding:

Bonds give the opportunity to buy AXE from the protocol at a discount. Here are just a few differences to keep in mind:

  1. Pay for AXE with liquidity. This aspect helps the protocol accumulate liquidity shares.
  2. NO AXE up front. Instead, the AXE is vested over the course of five days. This smooths out market impacts from the new supply of AXE.
  3. The demand for bonds will determine the discount. The bond discounts increase when there are more bonds, and decreases when there are less.
  4. Once bond, the LP commitment is locked. When a user has executed a trade, the user has made the trade. Think of it as buying AXE and committing to stake for 5 days with a set reward rate.
  • There are 4 pool bonds of AXE: The main one is: AXE-DAI, then AXE-USDC, AXE-USDT, AXE-ETH. One example when a user buys AXE bonds: A User can buy 10 AXE on Uniswap at $1000 each, and a user can buy 13 AXE bonds for $1000 total and receive the same amount after 5 days.

Here is how to buy AxeDao bonds.

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Join the AXEDAO community

Here are the communities of AxeDao, joining all would help anyone to stay updated all the time on this hidden gem.

Website: axedao.finance
Telegram: https://t.me/Axe_Dao
Twitter: https://twitter.com/AxeDao
Discord: https://discord.gg/aPsrVWnuKG
Medium: https://medium.com/@axedao

For more questions and inquiries please visit our FAQ section or email us at admin@axedao.finance or support@axedao.finance

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104776

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