Introducing ROND BONDs!!

Dear GENSO Knights,

First of all, thank you for your continued support of GENSO META!

Our Market Observation

After a period of market observation, we have identified the main factors affecting the price volatility of ROND:

1. Concentrated Withdrawal Times
　・Most users tend to withdraw ROND on DEXs at 7 PM JST.
　・Due to the automated market maker (AMM) mechanism on DEXs, concentrated withdrawals lead to significant price slippage.
　・The trading costs on DEXs are significantly higher compared to Bybit.

2. Arbitrage Activities
　・ The price differences between DEX and Bybit attract substantial arbitrage opportinities.
　・ MEV Bots frequently absorb low-priced ROND from both CEXs and DEXs.
　・ These large holdings are sold off on CEXs, causing additional downward pressure on prices.

The ROND BOND Solution

To address this situation, the GENSO META team is launching ROND BONDs. To ensure the redemption capability of ROND BONDs, we have prepared a dual guarantee:
　・A $10,000 equivalent of CIRCLE USDC stablecoin deposited in the AAVE protocol as collateral.
　・An equivalent ROND token redemption pool (including a 10% APY reward).

This means that ROND BOND holders can choose to:
　1. Redeem USDC using the collateral (+ interest on AAVE).
　2. Redeem from the ROND token pool (+ an additional 10% APY reward).

What is a ROND BOND?

A ROND BOND is a principal-protected bond NFT:
　・Face Value: $100 equivalent in ROND
　・Purchase Method: Available for purchase from a dedicated shop NPC.
　・Lock-up Period: 30 days
　・Available quantity: 100 pieces (first phase)

Why Choose ROND BONDs?

The specific benefits of using ROND BONDs include:

1. Avoid Significant Slippage Losses
　・No need to worry about slippage losses on DEX.
　・Ensure a fixed redemption rate of $100 equivalent.
　・Save on gas fees during peak times.

2. Dual Revenue Options
　・USDC Option: CIRCLE-issued USDC stablecoin + stable interest from the AAVE protocol
　   (currently averaging around 4.5% APY).
　・ROND Option: Original amount + 10% APY reward.
　・Flexibly choose the best option based on market conditions.

3.Principal Protection
　・The USDC option ensures the safety of your principal with CIRCLE stablecoin.
　・Funds are deposited in the well-trusted DeFi protocol AAVE to generate stable returns.
　・Not affected by market volatility.

4. Holder Rewards
　・ROND BOND holders will have the opportunity to participate in a secret project reward plan,
      with specific details to be announced in the future.

5. Better Pricing
　・Avoid the impact of MEV Bot arbitrages.
　・Bypass the price differences between DEX and CEX.
　・Obtain a more fair redemption price.

Purchase Process

-Throught the update on November 28, 2024, we will introduce an NPC that sells a way to sell ROND BOND for 1,000,000 free mROND. (We will sell it from the bank, not via an NPC.)
-Each account can purchase one ROND BOND.
-The number of ROND BONDs available for sale is limited, so if they are sold out, please wait for the next sales period.

Note: Since the purchase is determined by region, one item can be purchased per region, such as one from the Japan region and one from the Singapore region. 
We have decided that each account can only purchase one ROND BOND accross all regions.

 

Redemption Process

1. Connect your wallet to the official redemption platform.
2. Select the ROND BOND NFT you wish to redeem.
3. Choose your preferred redemption method (ROND or USDC).
4. Submit the redemption request.
5. Wait for the system to process (generally completed within 2-3 business days).

We believe that ROND BONDs will not only provide users with stable revenue options but also improve the current market environment. The GENSO META team will continue to monitor market conditions and provide better solutions for the community.

If you have any questions, please feel free to ask in the community.

GENSO META Team

◆ GENSO Community
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