the bond desk

USDG in.
$NOSLEEP below market.

Deposit USDG and take $NOSLEEP at a discount, vesting linearly over days. The USDG goes to the treasury, which is how the reserve grows without the operator selling into the book. Nothing is minted, because nothing can be.

bond price—

market price—

discount—

vesting—

capacity left today—

available to bond—

reading the chain…

01 · you deposit

USDG, above the minimum

Any amount over the floor, up to the capacity left for the day. The quote is a public view call before you sign.

02 · the treasury takes it

Straight through, never held

The USDG transfers to the treasury in the same transaction. The bond contract is never a custodian of the proceeds.

03 · you vest

Linear, claim any time

Your $NOSLEEP unlocks second by second over the term. Claim whenever; partial claims are fine.

04 · nothing is minted

The supply cannot move

1,000,000,000 fixed by the launchpad, and this contract is not the minter. Every payout was funded in first, and a bond it cannot honour reverts.

why the discount is safe to offer

A bond is the treasury selling tokens it already holds, at a price it publishes, into demand that pays in dollars. It is the opposite of an emission: supply does not grow, the reserve does.

The contract caps the discount at 30% and vesting at 30 days so the terms can never be set abusively, a keeper posts the price with a staleness limit and a maximum move between posts, and a stale price disables bonding entirely. Tokens owed to a bonder can never be swept by the owner.

verify it yourself

Every number above is a public view call on chain 4663:

bonds.terms() → live, priceFresh, marketPrice, bondPrice, discountBps, vesting, capacityLeft, available, owed, soldUsdg

bonds.availablePayout() · bonds.totalOwed() · bonds.claimable(yourAddress) · bonds.quote(usdgIn)

JSON: /v1/bonds · source: contracts/src/NoSleepBonds.sol · the flywheel this feeds: /flywheel/

USDG in.$NOSLEEP below market.

USDG in.
$NOSLEEP below market.