Kuma Protocol
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  • Introduction
  • KUMA Protocol
    • How does it work ?
    • Regulated NFTs
      • Real World Assets, onchain
      • Mimo Capital AG, a regulated entity
      • KUMA NFTs
    • Composable Interest-bearing tokens
      • KUMA Swap
        • User Scenario 1: Kuma Bond Token With Swap
      • KUMA Interest-bearing tokens
        • USK
        • FRK
        • EGK
      • Interest accrual
    • DeFi Integrations
      • DEXes Protocols
      • CDP Protocols
      • Lending Protocols
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      • Fixed Yield Protocols
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  • DAO & Governance
    • What is MIMO (Governance Token) ?
      • Where can i get MIMO ?
    • vMIMO and Voting Power
    • Governance process
      • Govern with MIMO tokens
    • Proposal Framework
      • KUMA Integration Request (KIR)
      • KUMA Governance Proposal (KGP)
      • KUMA Improvement Protocol (KIP)
    • Multisig
    • KUMA Emergency Guardians
  • developers
    • Developer Guide
    • Smart Contract Architecture
      • KUMA Interest Bearing Token (KIBT)
        • Interest Bearing Logic
        • ERC-20 Compliance and Updates
        • Balance Accounting
      • Decentralized Access Control
        • Pause/Unpause Access Control
      • KUMASwap
        • sellBond
        • buyBond
      • KUMA Bond Clone Tokens (KBCT)
      • Keepers
      • Deprecation Mode
      • Rate Feed
        • Central Bank Rate Validation
        • MCAGAggregator Volatility Check
    • Code Repositories
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      • Ethereum
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      • Linea
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  • Ressources
    • User Guides
      • Setting up
      • Managing transactions on EVM chains
      • Troubleshooting
      • Lock MIMO for vMIMO
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    • Glossary
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  1. KUMA Protocol
  2. Composable Interest-bearing tokens
  3. KUMA Swap

User Scenario 1: Kuma Bond Token With Swap

PreviousKUMA SwapNextKUMA Interest-bearing tokens

Last updated 1 year ago

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.

Kuma Bond Token With Swap