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Bonding Guide For Optimism Bonding Products

Bonding Guide For Optimism Bonding Products

29-Mar-24

As part of the continuous expansion and implementation of AIP-1, the Olas ecosystem is taking a significant step forward with the launch of the latest OLAS bonding campaign, this time focusing on the Balancer WETH-OLAS LP-pair on the Optimism.

This marks a pivotal step towards implementing the AIP-1 which aims to enhance liquidity for the OLAS token across multiple trading pairs and chains, while diversifying the Olas Treasury.

Because Olas protocol contracts live on Ethereum, bonding liquidity on other chains such as Optimism requires bridging.

To use Optimism WETH-OLAS LP-pair for bonding, bonders need to complete the following steps:

  1. Acquire OLAS Tokens: You can acquire OLAS tokens directly on Optimism or you can bridge OLAS tokens from the Ethereum mainnet to Optimism using the Optimism Native Bridge. It is not recommended to use any other bridging for bridging OLAS from Ethereum.  

  2. Provide Liquidity on Optimism: Once you have OLAS tokens on Optimism, contribute to the liquidity pool by adding both WETH and OLAS tokens thereby obtaining the corresponding LP-tokens.

  3. Bridge LP-Tokens to Ethereum: Once you have the LP tokens on Optimism, bridge them using Wormhole: Portal Bridge. To do so, select "Optimism" as the source chain and "Ethereum" as the target chain. Input the WETH-OLAS LP token address as the token you wish to bridge. Do not use any other bridge for bridging from Ethereum, otherwise the bridged LP on Ethereum cannot be used for bonding.

  4. Deposit in Bonding Programs on Ethereum: The final step is to deposit your bridged LP-tokens into one of the available bonding programs on Ethereum.

Upon completion of these steps, at bond maturation, bonders are able to redeem their OLAS on Ethereum mainnet. Consequently, bonders will conclude their journey with OLAS on Ethereum network and the DAO will retain ownership of the bridged LP-asset on Ethereum.

By participating in these bonding campaigns, you are directly contributing to the growth and stability of the Olas ecosystem. Your involvement not only enhances the liquidity of OLAS but also aligns with a vision of a robust and decentralized ecosystem enriched by autonomous agents. For more details on bonding visit olas.network/bonds

No warranties are provided. Check the disclaimer for more details.