Caesar Finance

Bonds Mechanism

Where can I buy TROJAN (Bonds)?

You can buy TROJAN if any are available, through the Pantheon on , anyone can buy as many TROJAN as they want as long as they have enough SPARTAN to pay for them.
There is a limit amount (3% of SPARTAN current circulating supply) of available TROJANs per epoch while on contraction periods, and are sold as first come first serve.

Why should I buy TROJAN ?

First and most important reason is Bonds help maintain the peg, but will not be the only measure used to keep the protocol on track.
TROJANs don't have a expiration date, so you can view them as a investment on the protocol, because longterm you get benefits from holding bonds.

Incentives for holding TROJAN

The idea is to reward TROJAN buyers for helping the protocol, while also protecting the protocol from being manipulated from big players.
So after you buy TROJAN using SPARTAN , you get 2 possible ways to get your TROJAN back:
  1. 1.
    Sell back your TROJAN for SPARTAN while peg is between 1 - 1.1 AURORA with no redemption bonus. This to prevent instant dump after peg is recovered
  2. 2.
    Sell back your TROJAN for SPARTAN while peg is above 1.1 AURORA with a bonus redemption rate
The longer you hold, the more both the protocol and you could benefit from Bonds.