The Gensokishi team launches the ROND BOND program

Published:

  • The Gensokishi team launched the ROND BOND program to address ROND price volatility, in-game currency of the Gensokishi Metaverse, providing users with a more stable and rewarding experience.
  • The program offers NFT bonds secured by capital with a nominal value equivalent to USD 100 in ROND, 30-day lock-up period and double guarantees: USD 10,000 in the form of USDC collateral and a ROND token redemption pool with a 10% APR reward.
  • Benefits include avoiding losses due to slippage on DEX, fixed rate redemptions, and dual income options, increasing market stability and providing users with a reliable source of income.

The Gensokishi the team has announced launching the ROND BOND program, a strategic initiative to address price volatility of ROND, the in-game currency of the Gensokishi Metaverse.

This move follows a period of market observation during which the team identified key factors influencing ROND price fluctuations, including concentrated payout times and arbitrage activities. With the introduction of the ROND BOND program, Gensokishi aims to provide its users with a more stable and satisfying experience.

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ROND BOND solution

The ROND BOND program offers equity-backed NFT bonds with a face value equivalent to $100 IN AROUND. These bonds can be purchased from the dedicated NPC store and come with a 30-day lock-up period.

In the first stage of the program, 100 pieces of ROND BOND will be issued. To ensure that ROND BOND can be redeemed, Gensokishi has prepared a double guarantee: the equivalent of $10,000 of the CIRCLE USDC stablecoin deposited in the AAVE protocol as collateral and an equivalent ROND token redemption pool with a 10% APR reward.

Benefits for Users

The Gensokishi team launches the ROND BOND program

The ROND BOND program provides users with a number of benefits, including the ability to avoid significant losses resulting from slippage on decentralized exchanges (DEX). Users can redeem their bonds at a fixed interest rate of the equivalent of $100, saving on gas fees during peak hours.

Additionally, the program offers double income options: users can redeem USDC using collateral, enjoying a stable interest rate from the AAVE protocol, or redeem from the ROND token pool, receiving an additional reward of 10% APR.

Increasing market stability

By offering equity-backed bonds with adaptable redemption options, the ROND BOND program aims to escalate market stability and provide users with a reliable source of income.

The program also helps mitigate the impact of arbitrage activities and price differences between DEXs and centralized exchanges (CEX), providing users with a fairer redemption price. In addition, ROND BOND holders will have the opportunity to participate in a secret design rewards plan, details of which will be announced in the future.

Future prospects

The Gensokishi team believes that the ROND BOND program will not only provide users with stable revenue options, but also improve the overall market environment. As the program is implemented, the team will continue to monitor market conditions and provide better solutions to the community.

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