Flex Bonds V1 Overview (FIRA)

Pools, Rates, and Mechanics

Starting out, our Bond platform will be exclusive to FIRA members!

Mechanics: V1 will be USDC.e Staking and your lended assets will be managed automatically. Simply deposit USDC.e into our lending pool and enjoy increased APR over traditional staking. Flex Bonds also has a 10% performance fee on profits. This fee is collected and sent to FIRA members in the form of dividends.

Pools: An initial staking/lending pool capped at 100,000 USDC.e will be available. FIRA members can deposit and compound into this pool until the cap is met. This pool will also be funded with 50k on top that will be used for our initial funds to borrow for increased APR.

Rates and Limits: Bonds will have a max borrowing allocation of 80%. This means that of the 150,000 total, only 120,000 may be borrowed. Leaving 30,000 or a 20% buffer in place for withdraws. This ratio effectively means that you'll receive an APR boost of at least 20% over staking into an APR pool directly.