Table of content

                                                                                                                       
General
​What is Chicken Bonds?      
​What is LUSD Chicken Bonds?                                                                                                                                               
​Why did we build LUSD Chicken Bonds? ​
​What’s in it for users? 
​
Basic Usage 
​What do I need in order to use LUSD CB? ​
​How do I use LUSD Chicken Bonds? 
​What actions can I take? 
​How do I create a Bond? 
​What is a Chicken Out? 
​What is a Chicken In? ​
​Can I transfer or sell my bond? 
​Can I own more than one bond? 
​What is “rebonding”? ​
​How is my principal protected in CB?​
​What is bLUSD (boosted LUSD)? 
​Where can I buy or sell bLUSD? 
​How does the protocol limit the downside risk of holding bLUSD? 
​How does the protocol create enhanced yield? 
​How can I use LUSD CB to achieve enhanced yield? 
​What is redemption? 
​How can I redeem bLUSD? 
​What are the risks associated with LUSD Chicken Bonds?​
​Have the Chicken Bonds smart contracts been audited?​
​
Dynamic NFTs & Artwork 
​How will the Dynamic NFTs work? 
​What kind of NFTs can be obtained? 
​How are the NFT artwork traits determined? 
​Who created the NFT artwork? 
​Will the artwork be hosted on-chain? 
​
Economic Design 
​What determines how much bLUSD I receive when I Chicken In? 
​What is my bLUSD “cap”? 
​What is the economic rationale behind the cap? 
​How will the market value bLUSD? 
​What is a fair market price for bLUSD? 
​What is the “redemption price” and how is it calculated?​
​How will the redemption price behave over time? 
​Do all bonds accrue bLUSD at the same rate? ​
​Can my bond’s accrued bLUSD ever go down? 
​Can the system ever become unbacked or insolvent? 
​How will the system incentivize bLUSD liquidity on the open market? 
​What are the gas costs for users' actions? 
​Is LUSD Chicken Bonds a “zero-sum” game? 
​How is the bLUSD APR calculated?​
​How is the Fair Price calculated?​
​Why does the bonding time increase / decrease?​
​How does the built-in Controller work to keep the optimal rebonding time at 30 days?​
​How does the controller logic / math work?​
​What is the difference between Chicken Bonds and Olympus? 
​
Technical Design 
​Are Chicken Bonds tokens fungible? 
​What are the underlying sources of yield in LUSD Chicken Bonds?​
​What is the process for harvesting yield? 
​What are the different system Buckets? 
​How do the buckets relate to the yield sources in which the system deposits LUSD? 
​Where does my bonded LUSD go when I create a bond? 
​Where does my bonded LUSD go when I Chicken In? 
​Can I *always* Chicken Out and reclaim my bonded funds? 
​Will Liquity AG host a Chicken Bonds front end? 
​Can the system be upgraded or changed? 
​Who has control over the Chicken Bonds funds?​
​
Potential future system migration 
​What is the wind-down functionality?​
​Does Yearn control any Chicken Bonds funds? ​
​
LUSD Peg Stability 
​How does the LUSD Chicken Bonds system improve the LUSD peg stability? 
​What are the conditions for shifting LUSD between the Stability Pool and Curve? ​
​Who can shift system funds between the Stability Pool and Curve? 
​What are the incentives for shifting LUSD to or from Curve? 
​How to check the amount that can be shifted?​
​How can you execute the Shifter functions?​
​How can you find out if and when a Shifter function was triggered?​
​
Others 
​What is the relationship between Liquity and Chicken Bonds? 
​Will Liquity’s LQTY token accrue value from Chicken Bonds? 
​What is the process for creating an LUSD Bond from your Gnosis Safe?​
​What are the smart contract addresses of Chicken Bonds?​
​
Technical Resources
​Technical Papers​
​Security Audits​
​Contract Addresses​
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Last modified 2mo ago