DeFi Composability

Bond Tokens trade permissionlessly on DEXs; buying, selling, and providing liquidity require no KYC. For complete details on secondary market trading, see Secondary Market.

For DeFi composability beyond trading (lending, borrowing, collateralized positions, and auto-compounding yield strategies) Bondi's Reinvestment Vault (a customized ERC-4626 vault with all the standard interface) wraps Bond Tokens into a Vault Bond Token (vbtXXX) that integrates with any protocol accepting ERC-20 assets. Entry and transfer are permissionless; the vault never pays distribution stable to a non KYC-verified wallet, but all holders can always exit in Bond Token form. Vault Bond Tokens can never be frozen or force-transferred. See Compliance at Reinvestment Vault Exit. vbtXXX can be used as collateral in Morpho markets to enable leveraged looping on Bond Token exposure.