Secondary Market: Permissionless Bond Token Trading
The Secondary Market enables permissionless trading of Bond Tokens as standard ERC-20 assets. Anyone can buy, sell, or trade Bond Tokens on decentralized exchanges without identity verification, providing instant liquidity and price discovery.
Permissionless Trading
Bond Tokens are fully tradeable ERC-20 tokens that can be exchanged on any decentralized exchange supporting the networks where Bondi operates. Trading requires no KYC verification — simply connect your wallet and trade.
What You Can Do Without KYC:
• Buy Bond Tokens on DEXs
• Sell Bond Tokens at any time for instant liquidity
• Transfer tokens to any wallet address
• Provide liquidity to earn trading fees
• Use tokens in DeFi protocols and applications
KYC Requirements for Bond Proceeds
Important: While trading Bond Tokens is permissionless, receiving coupon payments and principal redemption requires KYC verification.
If you acquire Bond Tokens through the secondary market, you must complete identity verification to:
• Receive automated coupon distributions (see Coupon Distribution)
• Redeem principal at maturity (see Redemption)
Without KYC, coupon entitlements accumulate but cannot be claimed. Token holders can complete verification at any time through the app.
DeFi Composability
As standard ERC-20 tokens, Bond Tokens integrate seamlessly with the broader DeFi ecosystem:
Decentralized Exchanges:
• Trade on Uniswap, and other major DEXs
• Access through DEX aggregators for best execution
• Participate in automated market maker pools
DeFi Protocol Integration:
• Use as collateral in lending protocols
• Integrate into yield farming strategies
• Combine with other DeFi primitives
• Full composability with smart contracts
Liquidity Provision:
• Provide liquidity to Bond Token trading pairs
• Earn trading fees from market activity
• Participate in liquidity mining programs