Purchase a LOBI Bond
A guide on how to purchase a bond from the Mint section
Bonds allow users to buy LOBI from the protocol at a discount by trading it with assets (CRV, FXS) or liquidity (LP tokens). The former is called reserve bonds and the latter liquidity bonds.
Bonds take roughly 15 epochs to vest (or approximatly 5 days), and LOBI tokens are vested linearly to the user over that period. Liquidity bonds help the protocol to accumulate and lock liquidity, while reserve bonds allow the protocol to grow its treasury, and thus its RFV faster.
At the moment Lobis offers different types of assets that can be used to mint LOBI on the website:
  • CRV
  • FXS
  • LOBI-OHM LP

Mint

1. Go to the Mint page and have a look at the different Bond possibilities. Select the asset you want to use to mint LOBI
Mint Page
2. Make sure to connect your wallet first:
3. After your wallet is connected, enter the amount of assets that you would like to supply. You will be quoted an equivalent amount of the payout token in the "You will get" field:
Enter the amount of assets you want to use for minting LOBI
4. If this is your first bond purchase, you need to approve the bond contract to spend your token first. Then, you need to sign another transaction to actually purchase the bond by clicking the "Mint" button:
5. Once the bond transaction is confirmed, you have successfully purchased a bond! Now the tokens will be linearly vested with a 5 days time horizon
Notes:
  • The "Approve" transaction is only needed when minting for the first time; subsequent minting only requires you to perform the "mint" transaction.

Redeem

Go to the Mint page and select the bond type you have purchased. Select the "Redeem" tab.
Use the Claim to claim all of your available rewards, and have the pending LOBI sent to your wallet.
Use the Claim and Autostake button to have all the available LOBI sent automatically to the staking contract and receive the sLOBI as a receipt for your stake.
Redeem

Reading the Info

Bond Page:
Mint Page
  • MINT Price is the price of LOBI you get from minting. You can calculate the mint price using the following formulae: - LP Mint: (Value of your LP token / LOBI you'll get from minting) - CRV/FXS Mint: (Value of your CRV/FXS token / LOBI you'll get from minting)
  • LOBI Price is the market price of LOBI
  • Your Balance is your balance of assets/ LP tokens or assets used to mint.
  • You Will Get tells you how many LOBI tokens you will get from minting.
  • Max You can Buy maximum amount of LOBI available to be bought.
  • Debt Ratio measures the total amount of LOBI created from mints that have yet to be paid out by the protocol. The debt ratio is calculated differently for LP mints and CRV/FXS mints: - LP Mint: (LOBI created from unredeemed mints / LOBI total supply) - CRV/FXS Mint: (LOBI created from unredeemed mints / LOBI circulating supply)
  • Vesting Term measures the period a minting action takes to fully redeem. This number is expressed in days.
  • Minimum Purchase: Minimum amount of LOBI that can be minted
Redeem Page:
Redeem Page
  • Pending Rewards is the amount of LOBI you are entitled to receive from minting
  • Time Until fully vested time until the LOBI minted will be fully redeemable
  • Claimable Rewards is the amount of LOBI that you can claim now. This amount keeps increasing as LOBI is vested to you over the vesting period
  • ROI is the Return On Investment
  • Vesting Term measures the period a Minting action takes to fully redeem. This number is expressed in days