User Scenario 1: Kuma Bond Token With Swap

Kuma Bond Token With Swap

The simplest user scenario is when a user sells the KUMA bond NFT to the KUMASwap by calling sellBond while the KIBT yield is equal or lower that of the bond's coupon. In this case, the Bond is deposited to the KUMASwap contract and the user receives newly minted KIBT that can then either be held to earn real-time interest, swapped for other assets, or wrapped and used as collateral in DeFi protocols. This is useful for users who want to earn real-time interest or granulate the value of the bond.

The KUMASwap contract won't allow users to sell bonds to the contract which have a lower coupon than that of the latest central bank rate.