> For the complete documentation index, see [llms.txt](https://ultimateponzi.gitbook.io/the-ultimate-ponzi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ultimateponzi.gitbook.io/the-ultimate-ponzi/ohm-inspired-mechanics/bonding-degen-level-1.md).

# Bonding - Degen Level: 1

If you're still here, reading those disgusting lines of text, you deserve your seat in the Ponzi. 

**Bonding is the secondary value accrual strategy of TUP.** It allows our founder, Charles Ponzi, to acquire its own liquidity and other reserve assets such as BUSD by selling **PONZI tokens** at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of **PONZI** tokens entitled to the bonder, and the vesting term. The bonder can claim some of the rewards (**PONZI** tokens) as they vest, and at the end of the vesting term, the full amount will be claimable.

Bonding is an active, short-term strategy. Ideal for impatient Pajeets and 20 IQ people. The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable. Therefore bonding is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to staking. Still don't get it? Can't do anything for you ohmie.

**Bonding allows Charles Ponzi to accumulate its own liquidity.** This liquidity will be used to sustain the degen mechanisms I'll explain a bit later.