Non-Rebase Bonding

Liquidity Provision

Our bonding mechanism is designed to bootstrap liquidity for The Pantheon and provide the community with a discount when accumulating PAN.

In order to strengthen and diversify Symposia and The Pantheon as the projects develop, a portion of the PAN supply will be reserved for Non-Rebase Bonding. Behind the services provided, the protocol accrues its protocol-owned liquidity and protocol controlled value leveraging a bonding mechanism. By bonding in a manner that does not include rebasing, it protects PAN holders from severe inflation, heavily diluting their holdings.

In addition to these benefits, bonding encourages users to buy PAN and provide liquidity for the token due to the ability to receive the PAN token at a discount.

Non-Inflationary Bonding:

Essentially, PAN originates as a Non-Rebase Bonding token, where there is a set amount of tokens to ever exist, minted at once. As users purchase PAN on discount, the circulating token supply will increase, with The Pantheon distributing the token from a locked wallet. Bonding will serve as a way to crowdfund the treasury while giving back to the people, where the team will use treasury funds to develop the project and further increase the amount of funds in the treasury.

Simply, bonding yields profit for the protocol which the treasury utilizes to further invest, allocating profits for stakers and funding new projects.

The portion of total PAN supply allocated for bonding is 25%. The flexibility of bonding with yield generated by the Treasury or PAN emissions means the protocol will always have the ability to accumulate additional assets without dumping directly onto the market.

We find the bonding mechanism to be an ideal way to maintain liquidity within the protocol, allowing everyone to benefit from the growth of the treasury. Our protocol has the ability to expand the treasury passively by providing liquidity in other protocols, or by using assets in the treasury to invest in new protocols and provide grants.