👌Tiny Bonds

Tiny Bonds enable anyone to raise liquidity or capital in exchange for their tokens. Tiny Bonds is a virtual constant product AMM with dutch auction functionality.

Overview

1. Protocol XYZ wants to sell some of their XYZ tokens for DAI, so they call create() within the TinyBondsFactory to create their own TinyBonds market.
2. Protocol XYZ decides to sell 100 XYZ tokens and will accept a price anywhere between 10 and 15 DAI with a maturity of 5 days.
3. Price will start at 15 DAI and decrease exponentially to a floor price of 10 DAI assuming no purchases are made.
4. Alice notices the bond price is currently 12.5 DAI while the markets spot is still around 15 DAI so she decides to bond 50 XYZ tokens for 625 DAI.
5. Over the next 5 days, Alice can linearly redeem the XYZ token that she bonded.

Architecture

• TinyBonds.sol: TinyBonds enable anyone to raise liquidity or capital in exchange for their tokens.
• TinyBondsFactory.sol: Minimal proxy factory that creates TinyBonds clones.

Installation

To install with Foundry:

forge install 0xClandestine/tiny-bonds

Local development

This project uses Foundry as the development framework.

Dependencies

forge install

Compilation

forge build

Testing

forge test