Sharknado Coin Docs


Assets accepted for bonds

Tokens: WBNB, SEA, SSS.
Starsharks LPs: SSS Liquidity Pools LP / SEA Liquidity Pools LP
Sharknado LPs: SHARKO Liquidity Pools LP / SHARKOS Liquidity Pools LP
More informations coming soon...

What is bonding?

Bonding will be the secondary value accrual strategy of SHARKO protocol. It will allow SHARKO DAO to acquire its own liquidity and other reserve assets such as BNB by selling SHARKO at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of SHARKO tokens entitled to the bonder, and the vesting term. The bonder can claim some of the rewards (SHARKO tokens) as they vest, and at the end of the vesting term, the full amount will be claimable.
Bonding is an active, short-term strategy. The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable. Therefore bonding is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to staking and holding.
Bonding will allow SHARKO to accumulate even more of its own liquidity. We call our own liquidity DOL (DAO Owned Liquidity). More DOL ensures there is always locked exit liquidity in our trading pools to facilitate market operations and protect token holders. Since SHARKO becomes its own market, on top of additional certainty for SHARKO holders, the protocol accrues more and more revenue from LP rewards bolstering our treasury.