Fee Structure
Bondi maintains transparent pricing across all platform operations. Our fee structure is designed to support sustainable operations while keeping costs competitive. Fees shown below are platform-level fees and do not include any taxes or onchain gas costs. Bondi may update fee settings for future offerings, but once fee parameters are set at deployment for a specific Bond Token they are immutable for that Bond Token's full lifecycle.
Where fees are deducted onchain, commissions are split equally among configured fee recipient addresses — typically Bondi and any co-branded listing partner, integration partner, or distribution program participant for that offering. This gives Bondi the flexibility to share fee revenue with parties who help bring the product to investors, without changing the rates investors see or redeploying contracts for each arrangement. From an investor's perspective, the rates shown below are the total fees regardless of how they are split internally.
Platform Fees
Minting Fee
1% on new Bond Token issuance.
Applied when Bond Tokens are minted after a successful Funding Phase. This fee consists of a 0.5% service fee covering operational costs and a 0.5% platform fee for Bondi.
The minting fee is split into two onchain parameters: serviceFeeBps (service fee charged to Bondi by third-party providers) and mintingCommissionBps (Bondi commission), both set in basis points at Funding contract deployment and fully immutable thereafter. Fees are deducted from raised capital at extraction and distributed to Bondi and its configured distribution partners.
Coupon Fee
0.5% on periodic coupon payments.
Applied to each coupon distribution throughout the bond's lifecycle. This fee supports the ongoing operations required to receive payments from traditional markets, convert them to stablecoins, and distribute them to token holders.
The coupon commission is set as the immutable couponCommissionBps parameter at deployment time per Bond Token. It cannot be changed after deployment. The commission is deducted from the gross coupon deposit, split among fee receivers, and only the net amount is distributed to holders via Merkle proofs.
Redemption Fee
0.5% on principal redemption at maturity.
This is the standard redemption fee for the normal end-of-life path. Charged when Bond Tokens are burned to receive the full face value at bond maturity. This fee covers the costs of traditional market operations, custodian services, and smart contract execution for the redemption process.
The redemption commission is set as the immutable principalCommissionBps parameter at deployment time per Bond Token (the same parameter applies to issuer bond calls). It cannot be changed after deployment. It is applied when principal is registered onchain via Distribution.setPrincipal(). The net amount (after commission) determines each holder's pro-rata payout.
Early Redemption Fee
0.5% on completed early off-chain resale through the Redemption Vault.
An exceptional path — most holders exit at maturity or through secondary markets. This fee applies only when an off-chain broker sale actually completes through the Redemption Vault; depositing Bond Tokens to request an exit does not trigger it. Deducted from gross resale proceeds; holders receive net stablecoins after settlement.
Does not apply to cancellations before the batch locks (Bond Tokens returned in full), to settlement when the bond reaches maturity before a batch sale completes — in that case the Redemption Vault redeems Bond Tokens for principal through Distribution and the standard Redemption Fee applies — or to issuer bond calls. For the full mechanics of off-chain redemption, see Early Redemption (Redemption Vault).
Secondary Market Trading Fee
0.3% charged on all trades on secondary market transactions made through the Secondary Market.