DiligentDeer

Long-term outlook on Chicken Bond's utility

Chicken Bonds are designed to generate amplified yields and accumulate protocol-owned liquidity that can strengthen the subjected asset's position in the market. It is first applied to Liquity’s LUSD where bonding is the primary use case, allowing users to acquire bLUSD at a discount upon depositing tokens. Though the report consists of a short intro on the mechanics of Chicken Bonds, it is assumed that the reader knows a bit about Chicken Bonds and how it works. Resources that cover Chi...