Purchase a Bond#
Bonding is how you acquire SLOHM at a premium above market rate while directly strengthening the protocol's treasury. This guide walks through the process of purchasing a bond from start to finish.
Prerequisites#
Before purchasing a bond, you need:
- An OPNet-compatible wallet. The protocol supports OPWallet and UniSat. Install one of these browser extensions and create or import a wallet.
- Accepted assets. You need BTC, Moto, or Pill tokens in your wallet to bond. Each asset has its own bond market with independent pricing.
- Sufficient BTC for fees. Bitcoin transaction fees are required for all on-chain operations.
Step-by-Step Guide#
1. Connect Your Wallet#
Navigate to the SLOHM app and connect your OPWallet or UniSat wallet. The app will detect your wallet extension automatically. Approve the connection request when prompted.
2. Navigate to the Bond Page#
Select the "Bond" section from the app interface. You will see the available bond markets with their current premiums and remaining capacity.
3. Select a Bond Market#
Choose which asset you want to bond:
| Asset | Description |
|---|---|
| BTC | Native Bitcoin. The base asset of L1. |
| Moto | An OPNet-native reserve asset. |
| Pill | An OPNet-native reserve asset. |
Each market displays:
- Premium: The bonus SLOHM you receive above market rate.
- Vesting term: How long until the full payout is claimable.
- Your balance: How much of that asset is in your wallet.
4. Enter the Bond Amount#
Enter the amount of the selected asset you want to bond. The interface will display:
- The amount of SLOHM you will receive after vesting.
- The current premium rate.
- The vesting schedule.
5. Approve and Confirm#
If this is your first time bonding a particular asset, you will need to approve the bond contract to spend your tokens. This is a one-time approval per asset.
After approval, confirm the bond transaction. Your wallet will prompt you to sign the transaction. Review the details and approve.
6. Wait for Vesting#
Once the transaction is confirmed, your bond begins vesting. You can track your bond status in the app.
| Parameter | Production | Testnet |
|---|---|---|
| Vesting term | 720 blocks (~5 days) | 5 blocks (~50 seconds) |
Vesting is linear and block-based. Each new Bitcoin block brings you closer to the full payout.
7. Claim Your SLOHM#
You can claim vested SLOHM at any point during the vesting period. You do not need to wait for the full term to complete. Partial claims are supported.
Navigate to your active bonds in the app and click "Claim" to receive your vested SLOHM.
After Claiming#
Once you have claimed your SLOHM, the recommended next step is to stake it. Staking converts your SLOHM to ySLOHM and begins earning rebase rewards from treasury yield, compounding your position automatically.
The bond-then-stake flow is the (₿,₿) strategy: bond to acquire SLOHM at a premium, stake to earn compounding rewards. This is the optimal game-theoretic outcome for all participants.
What's Next?#
Learn about the mechanics behind bonding in the Bonding documentation, or start earning rewards by staking your SLOHM.