Bonding Guide For Base Bonding Products

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 OLAS-USDC LP-pair on the Base.

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 Base requires bridging.

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

1. Acquire OLAS Tokens: You can acquire OLAS tokens directly on Base or you can bridge OLAS tokens from the Ethereum mainnet to Base using the BaseBridge contract. To use the bridge contract via Etherscan you can do the following: 

• It is recommended to do this first with a small amount to test before proceeding with the bridging of your full amount. 
• Navigate to the OLAS token page on etherscan.
• Under the "Write Contract" tab, connect your wallet to Etherscan by clicking the "connect to web3 button". 

• Approve the BaseBridge contract to bridge OLAS by inputting:
• "0x3154Cf16ccdb4C6d922629664174b904d80F2C35 in the "spender" field, and
• the amount of OLAS you would like to bridge in the "amount" field. Note that the amount is in WEI so you would need to multiply your OLAS amount by 10**18. 
• Then click "write" to sign the transaction in your wallet. In the example below, the BaseBridge Contract is being approved to send 10 OLAS.
  
• Then navigate to the BaseBridge Contract page on etherscan.
• While your wallet is still connected, under the "Write as proxy" tab, open the depositERC20 method.
  
• Deposit your approved OLAS into the bridge contract by inputting:
• "0x0001A500A6B18995B03f44bb040A5fFc28E45CB0" in the "L1token" field,
• "0x54330d28ca3357F294334BDC454a032e7f353416" in the "L2token" field, 
• your approved OLAS amount (in WEI) in the "amount" field,
• "200000" in "minGasLimit" field, and
• "0x" in the "extraData" field.  
• Then click "write" to sign the transaction in your wallet. In the example below, the BaseBridge Contract is sending 10 OLAS from Ethereum to Base. No other bridge can be used to participate in bonding.

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

3. Bridge LP-Tokens to Ethereum: Once you have the LP tokens on Base, bridge them using Wormhole: Portal Bridge. To do so, select "Base" as the source chain and "Ethereum" as the target chain. Input the OLAS-USDC 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

Disclaimer for OLAS Sites

No warranties are provided. Check the disclaimer for more details

Disclaimer for this Guide

1. THIS GUIDE IS PROVIDED "AS IS" AND "AS AVAILABLE," AT YOUR OWN RISK, AND WITHOUT WARRANTIES OF ANY KIND. Neither Autonolas nor Valory will be liable for any loss, whether such loss is direct, indirect, special or consequential, suffered by any party as a result of their use of this guide.

2. None of the information available on this guide, or made otherwise available to you in relation to its use, constitutes any legal, tax, financial or other advice. Where in doubt as to the action you should take, please consult your own legal, financial, tax or other professional advisors.

3. No one should use technologies, particularly emerging technologies, blockchains and related infrastructure like bridges, without understanding the risks involved.