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IQ Bonds are now live on Bond Protocol

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Thu Jan 19 2023

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IQ Bonds are now live on the Bond Protocol, anyone can now get IQ at a discount by getting IQ Bonds.

Bond Protocol launched following the success of Olympus Pro, enabling it to establish a standalone entity. Bond Protocol aims to be a credibly neutral platform, focused on providing Bonds-as-a-service to meet the needs of DeFi with innovative ideas. We decided to migrate from Olympus Pro to Bond Protocol because they are permissionless, composable and modular. BrainDAO is able to self-serve the creation and launch the Bond Market. 

To get IQ Bonds, IQ holders supply WETH and then bond those on Bond Protocol. In return for giving a discounted price of IQ, the IQ Bonds will distribute IQ to bondholders over a 5-day vesting period.

This allows IQ holders to get IQ at a discount without the risk of impermanent loss. IQ Bonds also allow the IQ protocol to acquire WETH for the BrainDAO treasury. BrainDAO’s treasury has continued to grow steadily. Earlier this month BrainDAO staked 1000 Ethereum with Frax Ether.

About IQ

The IQ token powers a knowledge ecosystem including applications such as IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia. IQ is a DeFi and governance token with native staking enabled through HiIQ. The token is governed by BrainDAO which also includes BrainDAO's treasury of digital assets.

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