sellBond

Requirements

The following conditions must be met to sell a KUMA NFT to the contract:

• The contract must be unpaused

• The maximum amount of unique coupons in reserve must not have be reached

• The sold bond risk category must match the KUMASwap risk category

• The sold bond must not have reached maturity

• The sold bond coupon must greater or equal to the current RateFeed rate.

Minted KIBT Calculation

The amount of minted KIBToken to the seller is calculated as follow :

$bondValue = bond.principal * (bond.coupon^{elapsedTime})$

$fee = (bondValue * variableFee) + fixedFee$

$mintedAmount = bondValue - fee$