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Active RBT Notes unlock scaled bond discounts based on term length and amount locked. The discount bonus applies automatically when purchasing bonds, with longer commitments and larger positions earning greater advantages. Formula:
Eligibility:
  • Note Term > 12 weeks
  • RBT Amount ≥ Minimum Threshold
Thresholds (governance-adjustable):
  • Min Threshold = 1,000 RBT
  • Max Threshold = 10,000 RBT
  • Maximum Bonus Discount = 2.5%
Bonus Calculation:
  • Term Factor = (Note Term − 12) / (52 − 12)
  • Amount Factor = min((RBT Amount − Min Threshold) / (Max Threshold − Min Threshold), 1)
  • Combined Factor = (Term Factor + Amount Factor) / 2
  • Bonus Discount = Combined Factor × Maximum Bonus Discount
Final Bond Discount = Base Discount (from debt ratio) + Bonus Discount
Governance may adjust threshold parameters to maintain appropriate requirements as market conditions evolve.
Dfinal=Dbase+[12(t−tmin⁡tmax⁡−tmin⁡+min⁡(A−Amin⁡Amax⁡−Amin⁡,1))×Bmax⁡]D_{\text{final}} = D_{\text{base}} + \left[\frac{1}{2}\left(\frac{t - t_{\min}}{t_{\max} - t_{\min}} + \min\left(\frac{A - A_{\min}}{A_{\max} - A_{\min}}, 1\right)\right) \times B_{\max}\right]
ParameterDescription
DfinalD_{\text{final}}Final bond discount
DbaseD_{\text{base}}Base discount from debt ratio
ttNote term in weeks
tmin⁡t_{\min}Minimum term requirement (12 weeks)
tmax⁡t_{\max}Maximum term (52 weeks)
AARBT amount locked in Note
Amin⁡A_{\min}Minimum RBT threshold (1,000 RBT)
Amax⁡A_{\max}Maximum RBT threshold (10,000 RBT)
Bmax⁡B_{\max}Maximum bonus discount (2.5%)