KEY TAKEAWAYS
- GraphLinq partners with ApeBond to launch $GLQ Bonds, offering discounted tokens to investors.
- The initiative integrates TradFi, DeFi, and NFTs, allowing users to exchange stablecoins for NFTs representing discounted $GLQ tokens.
- $GLQ Bonds aim to enhance liquidity on the GraphLinq Hub by directing Ethereum into the protocol-owned liquidity pool.
- ApeBond, a leader in DeFi Bonds, supports the initiative, contributing to the growth of GraphLinq’s ecosystem.
GraphLinq has announced a collaboration with ApeBond to introduce $GLQ Bonds, offering investors a unique opportunity to purchase $GLQ tokens at a discounted rate. This partnership aims to provide innovative opportunities for investors, aligning with the future of Web3.
The $GLQ Bonds initiative combines elements of traditional finance (TradFi), decentralized finance (DeFi), and non-fungible tokens (NFTs) to offer users discounted tokens. Investors can exchange single assets, such as stablecoins, for a unique NFT. This NFT represents the discounted tokens, which vest over a predetermined period.
How $GLQ Bonds Work
The discount provided by $GLQ Bonds is not a fixed rate; it adapts based on market demand and the current price of $GLQ. Unlike typical over-the-counter (OTC) deals where discounts often benefit venture capitalists, this model directs the discount to GraphLinq users, enhancing community value.
The bonds are available on both the GraphLinq chain and Ethereum, allowing users to choose their preferred platform. They feature a 30–45 day linear vesting period and can be purchased using $WETH.
Building Protocol-Owned Liquidity
This initiative aims to boost liquidity on the GraphLinq Hub. All Ethereum collected from the bonds, whether from the GLQ Chain or the Ethereum Chain, is directed into the Hub’s liquidity pool. This approach enhances stability by deepening liquidity pools and ensuring they are owned by the protocol itself, rather than external providers.
The bond offering also supports the broader adoption of Web3 automation, connecting no-code development with decentralized finance potential.
Participation and Impact
Interested investors can participate in the $GLQ Bonds offering through the ApeBond platform, as detailed here. By doing so, they are not only investing in GraphLinq but also contributing to the growth of its ecosystem.
ApeBond, formerly known as ApeSwap, has been specializing in DeFi Bonds since 2022, having bonded nearly $20 million to date. With over 180 partnerships across ten different chains, ApeBond is establishing itself as a leading bonding protocol.
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