ISLAND Bonds (iBOND)

Island Bonds (iBOND) is a standard PRC-20 token owned and supply-controlled by the Island Reserve. Its purpose is to provide liquidity to the Reserve whilst incentivizing long-term participation in the deeper parts of the Function Island ecosystem.

Anyone can mint iBOND at a 1:1 ratio for DAI, and redeem iBOND for 0.9 DAI each, at any time.

iBOND can be staked to earn iDAI as it is minted by the Island Reserve, or paired with FARM in PulseX V2 LP, then staked to earn more FARM.