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# SyndicateBond

The ultimate goal for SyndicateDao is to accumulate Treasury assets. This will be done by offering Syndicate Bonds in Batches slightly below the market price. In contrast to other "bonding" examples SyndicateDao does not vest the Tokens. The minted Syndicate Bonds are instantly tradable and can be tokenized into [$xBond](/artsyndicate-dao/protocol/artsyndicate/usdxbond.md).\
\
The accumulated assets will be held in the treasury and used to generate revenue for the Syndicate. Depending on the situation the Dao will collect different tokens through bonding (i.e. USDC, [xTokens](/artsyndicate-dao/protocol/ecosystem/xtokens.md), ...) to use them for strengthening Liquidity or increase collection holdings and MM positions.

### Bond Pricing

Bonds are offered with a small discount to the last traded [$xBond](/artsyndicate-dao/protocol/artsyndicate/usdxbond.md) price (<6%). The discount amount will change depending on the following factors:

* $xBond price
* bonded asset price

SyndicateBonds will be dropped in batches and will be kept scarce (we will offer less bonds than that are actually in demand) to make sure $xBond can trade at a fair price close or above to treasury backing.


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