Convergence
  • Welcome to Convergence
  • General Information
    • Protocol Overview
  • Staking
    • Convergence for Stake DAO
      • cvgSDT staking
      • sdTKNs staking
      • LPs staking
        • Curve LPs staking
      • Understanding cvgSDT
      • veSDT boost delegation
      • Metagovernance
        • Governance votes
        • Gauge votes
    • Convergence for Convex Finance
      • cvgCVX staking
      • cvxTKNs staking
      • Understanding cvgCVX
      • Understanding CVX1
      • Metagovernance
        • Governance votes
        • Gauge votes
    • Tokenized positions
  • CVG TOKEN
    • Understanding CVG
    • Tokenomics
    • CVG Locking
      • Understanding veCVG
      • Understanding mgCVG
      • Understanding ysCVG
  • GAUGES FUNCTIONING
    • Understanding Gauges
    • Gauges Votes
  • BONDS & TREASURY
    • Bonds
      • Understanding Bonds
      • Oracles and ROI computation
        • Targeted pools
      • Tokenized bonds
    • Treasury
      • Protocol Owned Deployments
      • Protocol Due Deployments
  • Cycles
    • Understanding Cycles
      • cvgCycles
      • tdeCycles
  • Rewards
    • Stake DAO rewards
    • Convex Finance rewards
    • CVG rewards
    • Treasury rewards
  • Navigate UI
    • Staking
      • Stake DAO
        • Staking cvgSDT
          • Use SDT
          • Use cvgSDT
        • Staking sdTKNs
        • Staking LPs
      • Convex Finance
        • Staking cvgCVX
        • Staking cvxTKNs
    • Using bonds
      • Buy a bond
      • Redeem CVG
      • Bond & Lock
    • Claming rewards
      • Claim all rewards
      • Claim by position
    • Lock CVG
      • Create a locked position
      • Increase a locked position
        • Increase amount only
        • Increase time only
        • Increase amount & time
      • Delegate a locked position
        • Delegate veCVG
        • Delegate mgCVG
        • Delegate ysCVG
      • Manage delegations
        • Accept a delegation
        • Remove a delegation
        • Revoke a delegation
    • Vote on gauges
      • Display votes
      • Remove votes
  • FAQ
    • Contract Addresses
    • Treasury Addresses
    • Audits
    • Risks
    • Fees
    • Branding
  • LINKS
    • Website
    • Github
    • Discord
    • Twitter
    • Coingecko/Coinmarketcap
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  1. BONDS & TREASURY
  2. Bonds

Tokenized bonds

Just like staking and locking, bonding positions are also tokenized. When a user buys a bond, his bonding position is represented by an NFT. This NFT will be burned once the full CVG amount has been redeemed.

Users may iterate on an existing bonding position or create a new one at any time. However, iterating on an existing position (increase the amount of bonded asset and thus increase the amount of CVG that can be redeemed) will reset the vesting term.

Like other Convergence's financial NFTs (staking and locking), bonding NFTs can be traded and/or sent to another wallet. Thus, each NFT has a “lock” function that forbids its owner to redeem CVG once triggered. The purpose of this function is to ensure that bonding NFTs buyers won't be frontruned and receive an empty NFT.

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Last updated 1 year ago