🔩4,4 Bonding

Note: If you are unsure of what "1,1" "3,3" and "4,4" mean, see our FAQ page.

4,4 Bonds are very similar to 1,1 bonds, and are purchased in the same way as 1,1 Bonds, so please read that page first. There are, however, a few small differences:

4,4 Bond rewards are paid in sCADT instead of CADT

This means that your bond rewards will compound as they are vested, meaning that you won't need to stake them after you claim them

4,4 Bonds have a single 4 day vesting period

This means that 4,4 bonds can only be claimed in their totality after a 4 day vesting period

4,4 Bonds are in shorter supply than 1,1 Bonds

This is because they are generally more profitable and as such we need to control the dilution that they would cause if left unchecked

4,4 Bonds usually have a smaller discount than 1,1 Bonds

This is because in addition to the discount at purchase, people who buy 4,4 Bonds also benefit from the compounding APY rewards applied to their sCADT reward. So whilst immediate discounts are lower, it can often be more profitable to purchase a 4,4 Bond than a 1,1 Bond.

How do I buy a 4,4 Bond?

The buying process for 4,4 Bonds is identical to the process for 1,1 Bonds except for the fact that you'll need to select a 4,4 bond. Visit the 1,1 Bond buying guide to learn more.

Wrapping (wsCADT)

Note: Nothing on this page, or any other page of our documentation constitutes or should be taken as financial advice. Please consult with a registered financial advisor, accountant, and legal specialist. Always follow the laws and regulations of your country or jurisdiction.

What is wsCADT?

Users can choose to wrap their sCADT, which converts it to a standardized ERC20 token. Instead of your token amount increasing, the value of wsCADT itself increases. This allows you to gain the rewards you would normally gain from Staking, without having an increasing amount of tokens in your portfolio.

Users can also unwrap their wsCADT tokens to receive sCADT at any time.

Why is this relevant?

In many countries, there is a clear distinction between Income Tax and Capital Gains Tax. Income Tax applies to regular income, usually received for work done or investments. Capital Gains Tax applies to money gained from (for example) the sale of an asset like a house or investment.

In many cases, Capital Gains Tax is lower than Income Tax, and so it would be diligent to make it as clear as possible to the taxation authorities of your country/jurisdiction that you are under capital gains tax. This only applies to your long term gains from staking and bonding.

However, your initial Donation Bond receipt (501c3) will provide the full benefit of a 100% tax writeoff and reduction of your tax liability.

How does it work?

Users can wrap their sCADT tokens on our dashboard.

The wsCADT token price is calculated as follows:

sCADTPrice∗Index

sCADTPrice∗Index

The price of sCADT is always equal to the price of CADT, and the Index is a number used to track the value added to a staked token by rebase rewards. Therefore, the price of wsCADT will increase as if it were rebasing, without needing to rebase.