Bond market

Current market model

BondMarket is a fixed-price, ask-only marketplace. Sellers escrow position NFTs and choose an exact asking price in approved FUEL or USDC. Buyers receive the unchanged position NFT and its existing rights.

No bids yet Escrowed USDC bids require a new BondMarket contract. They

are not implemented or simulated in the database. :::

Sell a bond

Select Sell Bond from an active position, choose FUEL or USDC, review the reference maturity value, and confirm. Repricing requires cancellation and relisting.

Buy a bond

The confirmation dialog shows collateral, maturity, fixed USDC rights, asking price, seller fee, and exact buyer payment. Settlement is atomic: the buyer receives the NFT, the seller receives net proceeds, and the fee accrues to the market.

Fees

The fee is 10 basis points, rounded up and deducted from seller proceeds. Buyers pay exactly the displayed asking price.

Pagination and visibility

Active asks use cursor pagination capped at 100 rows per request. Users can load another 100 at a time. Loaded pages refresh without silently retaining filled or cancelled orders.

A seller sees a confirmed listing immediately through session-local optimistic state. Canonical indexed data replaces it when available. Other users may wait for the one-minute indexer.

Market risk

An asking price is not fair value. Verify maturity, fixed return, collateral, and managed-custody risk before confirming. Transactions cannot be reversed after finality.