This Thursday, March 31, 2022, at 12 PM HKT, we’ll be releasing our newest protocol feature yet — Bonds.
Designed to further incentivize supplying liquidity on the platform, our Bond feature will give liquidity providers access to NPM tokens at a much lower price.
Check out this step-by-step guide on how you can establish bonds on the Neptune Mutual platform:
How to Purchase a Neptune Mutual Bond?
Step 1: At the top of the Neptune Mutual protocol homepage, click [Pool].
Step 2: Click [Bond] to access the Bond feature.
Step 3: Click [Get LP tokens] to get redirected to the QuickSwap protocol.
Step 4: Enter the amount of DAI you want to supply liquidity for to establish the bond.
Note: Price per pool pair is the equivalent bond value for the NPM tokens established by the protocol.
Step 5: Click [Approve NPM] and [Approve DAI].
Step 6: Click [Supply].
From here, you will see your share of NPM per DAI. In the liquidity pool, your supplied bond pair occupies a specific equivalent percentage of the shared pool you provided liquidity on.
Step 7: Wait for the transaction to go through. Then, click [Confirm] on the Metamask window to approve the transaction request.
Step 8: Going back to the Bond section of the protocol, enter the amount of Liquidity Pool tokens you want to supply to create the bond.
Note: On the testnet, the lockup period will be set for 10 minutes to make testing convenient. However, on the mainnet, it will be set for 7 days.
Step 9: Click [Approve]. Afterward, click [Confirm] on the Metamask window to confirm the transaction request.
Step 10: Click [Bond]. Then, click [Approve] on the Metamask window to approve the transaction request.
Step 11: Once the lockup period is over, click [Claim My Bond] to withdraw the Liquidity Pool tokens you supplied.
You will then see the number of NPM tokens you can claim equivalent to the Liquidity Pool (LP) tokens you supplied.
Step 12: Click [Claim Now]. Finally, click [Confirm] on the Metamask window to confirm your claim.
Join the Neptune Mutual Testnet
Register on Gleam to join the NPM ‘Unlock the Gold Vault’ protocol testnet contest. Who knows you could be one of the 100+ lucky winners?
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Explore Neptune Mutual’s other unique features:
- Purchase cover policy and provide liquidity
- Incident reports and claim cover payouts
- Staking and POD staking
Test the Neptune Mutual protocol on test.neptunemutual.com
Visit https://faucet.polygon.technology/ to get your Polygon testnet tokens.
Neptune Mutual project safeguards the Ethereum community from cyber threats. The protocol uses parametric cover as opposed to discretionary insurance. It has an easy and reliable on-chain claim process. This means that when incidents are confirmed by our community, resolution is fast and payouts to all cover policyholders are guaranteed.
Join us in our mission to cover, protect, and secure on-chain digital assets.
Official Website: https://neptunemutual.com