Fixed-Term Bonds

Documentation Index

Fetch the complete documentation index at: https://docs.blackhaven.xyz/llms.txt

Use this file to discover all available pages before exploring further.

Fixed-Term Bonds allow users to commit USDm and receive RBT released linearly over a chosen term. Unlike traditional bonding models where users either commit single assets or provide LP tokens directly, Blackhaven handles liquidity formation at the contract level. When a user bonds, the committed USDm is split. 90% flows directly to backing, strengthening the reserves that secure RBT. The remaining 10% goes to protocol reserves. Each bond sends the overwhelming majority of capital into hard backing, reinforcing the protocol’s collateral position with every deposit. The 10% protocol reserves fee allocation accumulates in a designated fee address alongside backing funds. Core contributors will transfer out the fees allocated to protocol reserves based on operational needs at their sole discretion. The Liquidity Manager holds these Uni V3 position NFTs permanently. Trading fees accumulate in the positions and route to the reserves. As the protocol acquires more assets, they can be added to existing positions to deepen liquidity over time. Quick Steps:

1. Select a bond term
2. Commit USDm to the bond contract
3. 90% of committed USDm flows directly to backing reserves while 10% is allocated to protocol reserves.
4. RBT is released linearly over the term
5. Claim the full RBT output vested RBT at maturity

​

Bond Structure and Release Schedule

Blackhaven bonds are fixed-term instruments that release RBT linearly over a user-selected period.

• Hold to Maturity: At the end of the term, users claim their the full RBT output. Any accrued ecosystem points are claimable on MegaETH’s schedule.
• Early Exit: Receive the RBT released up to that point minus an early-exit fee. Unreleased RBT and accrued ecosystem points revert to RBT reserves. Forfeited RBT becomes available to the BAM for market operations.