$MBOND

$MBOND are unique tokens that can be utilised to help stabilise $MTOMB price around peg (1 $METIS) by reducing circulating supply of $MTOMB if the TWAP (time-weighted-average-price) goes below peg (1 $METIS).

$MBOND can be purchased only on contraction periods, ie: when TWAP of $MTOMB is below 1. $MBOND can be found in the Bonds tab on the website.

Every new epoch on contraction periods, $MBOND are issued in the amount of 3% of current $MTOMB circulating supply, with a max debt amount of 35%. This means that if bonds reach 35% of circulating supply of $MTOMB, no more bonds will be issued.

Note: $MBOND TWAP is based on $MTOMB price TWAP from the previous epoch as it ends. This mean that $MTOMB TWAP is real-time and $MBOND TWAP is not.

You can buy $MBOND if any are available, anyone can buy as much $MBOND as they want as long as they have enough $MTOMB to pay for them.

There is a limit amount (3% of $MTOMB current circulating supply) of available $MBOND per epoch while on contraction periods, and are sold as first come first serve.

The first and most important reason for buying $MBOND is that they help maintain the peg but $MBOND are not the only measure used to keep the protocol on track, more on that on DAO Fund section.

$MBOND do not have an expiration date, so you can view them as an investment on the protocol, because longterm you get benefits from holding $MBOND and redeeming when the protocol has recovered.