Bonded OATH & Staking
Last updated
Last updated
Bonded Oath, or $bOATH, is both OATH and ETH, backed by a Balancer-powered 80/20 liquidity pool. $bOATH earns platform fees and benefits from trading fees generated by Ethos’ incentive buyback and distribution strategies. These strategies create a constant source of demand for $OATH as it buys it back to fund yield.
A $bOATH position staked on Ethos will earn yield from ERN loan issuance fees, and Redemption rewards. Redemption typically only occurs when ERN falls below $1. You can read more about Redemption in Understanding ERN.
Please note that Redemption is not the same as repayment. There is no fee for repaying a loan.
You can acquire bOATH by providing liquidity to the Bonded OATH Token pool on BeethovenX. The pool can be accessed via the Ethos UI or in the link below. Note that you will need to provide 80/20 OATH/wETH liquidity to the pool to mint bOATH.
BeethovenX
Once you have acquired bOATH LPs, you can stake them on Ethos Reserve in the Staking Pool.
Once deposited, your bOATH will earn yield from the protocol mechanics in the form of ERN via borrowing fees, swap fees from BeethovenX, and BTC/ETH/OP from redemption fees.
It is important to note that there is no locking mechanism for bOATH. Users can withdraw from the staking pool at any time.
