Funding Parameters and Pricing
Core Funding Parameters
Funding Phase is governed by specific parameters designed to ensure successful bond acquisition while maintaining fairness and accessibility for all participants.
| Parameter | Inaugural offering |
|---|---|
| Target Funding Amount | $200,000 target |
| Funding Period Duration | 30-day funding window |
| Whale Participant Threshold | $5,000 whale threshold |
| Minimum Investment Requirement | $100 minimum investment |
Target Funding Amount
The total capital required for each bond offering, representing the amount needed to purchase the underlying bonds in traditional markets. Bondi's inaugural funding phase establishes a $200,000 target, sized to balance accessibility with meaningful market impact.
Funding Period Duration
A predetermined timeframe within which the target funding must be achieved to proceed with bond acquisition. The inaugural offering features a 30-day funding window, providing sufficient time for community participation while maintaining momentum and urgency.
Whale Participant Threshold
A minimum contribution level that qualifies investors for enhanced benefits and recognition within the platform ecosystem. Contributors meeting the $5,000 whale threshold received the Whale NFT in the inaugural offering, and this amount will be increasing as Bond Tokens become established in the DeFi ecosystem.
Minimum Investment Requirement
The smallest permissible investment amount, designed to maximize accessibility while maintaining operational efficiency. The $100 minimum investment ensures that retail investors can participate meaningfully in previously inaccessible emerging market bonds.
Pricing Mechanisms
Clean vs. Dirty Price Execution
Bond acquisitions are executed at the dirty price, which incorporates both the clean price and accrued interest from the last coupon payment to the settlement date. This market-standard approach ensures accurate pricing while the target amount calculation incorporates:
- Base bond cost (clean price × quantity)
- Accrued interest buffer collected upfront
- Platform fees deducted from raised capital at extraction (service fee + Bondi commission, configured onchain in basis points)
Any excess accrued interest beyond actual requirements is distributed to token holders with their first coupon payment.