Bond Protocol is a permissionless system that enabled the creation of Olympus Pro-style bond markets for any token pairs. Bond Protocol was launched on July 15th following the success of Olympus DAO's bond service Olympus Pro Their mission is to be a credibly neutral permissionless platform that is solely focused on providing Bonds-as-a-Service to meet the needs of the DeFi community. ^[2]

Main Features

Bond Protocol offers innovative features that differentiates themselves from other Bond Protocols such as:

• Permissionless: Anyone can create a bond market to sell Payout Tokens for Quote Tokens
• Composable: Bond purchasers receive Bond Tokens (tokenized bonds) that represent their positions which allow for the creation of secondary markets
• Modular: Unified contract architecture enables easy creation of new bond assets and auction interfaces to be plugged into the system. ^[2]

Bond Issuers

As of February 2023, Bond Protocol has seen over $24,000,000 Total Bonded Value as of writing along with over 1000 bonds. ^[3] Issuers include:

• IQ
• GMX
• Inverse Finance
• Layer2DAO
• Olympus DAO
• prePO
• Redacted