13. Bonding
At launch, we will be offering Ubiquity Dollar (uAD) bonds paired with most major stablecoins, such as DAI, FRAX, USDC, and more. In order to participate in this bonding event, you will need to first acquire LP positions of uAD-STABLE through Gelato. Here is a simple step by step guide on how to do this.
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Purchase your desired amount of uAD stablecoin. For a detailed guide on how to purchase uAD, please refer to this guide here.
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Make sure that you have equal amounts of uAD and the stablecoin that you are looking to bond with.
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Head on over to the uAD/STABLE pool in Sorbet Finance and connect your wallet. You can access the pool directly here. Once you connect and make sure that your wallet has equal amounts uAD and USDC, click “Add Liquidity” and confirm the transaction through your wallet. We have deposits through gelato to ONLY incentivize liquidity at around the $1.00 mark (e.g. $0.9999 - $1.0001)
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If the transaction succeeds, your tokens should be swapped for uAD/USDC LP tokens. After this, you can head over to the Ubiquity website and sell your LP tokens for our credit token (uCR) at a discount. Bond discounts will fluctuate based on demand. It may be wise to take a look at the discount rates before deciding when to swap your LP tokens for bonds.
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You will receive Ubiquity Credits (uCR) in exchange for the bonds that you have deposited. These are Credits that can be utilized in a few ways during the launch party.