Secondary Market

Check our Whitepaper for a detailed explanation.

The Secondary Market serves as an exchange for users to trade their Bond Tokens via the steadyAMM. Since it does not require identity verification, users can simply connect their wallets to the User Dashboard and trade in the Secondary Market.

steadyAMM

We recognize that bond tokens may exhibit limited liquidity at the beginning, potentially leading to significant price discrepancies between the protocol’s secondary market prices and the real-world market prices. To ensure price stability, we integrate circuit breakers when prices reach 5% of the oracle price, only allowing trades on the opposite direction. The oracle price is fetched from live market data.