Collateral Asset Onboarding

Onboarding turns a tokenized asset into Bondify collateral with its own YT and Looper vaults.

Asset Review

• Track record: 12+ months operating history, with documented yield sources, realized returns, risk sources, risk-adjusted returns, and Sharpe.

• Legal: defined legal structure and regulatory compliance.

• Technical: ERC-20 token from an audited tokenization provider.

Integration Path

1. Oracle integration (information required from the issuer). This is the core dependency - the asset cannot be parameterized until the issuer provides:

• Oracle source & mechanism: provider (Chainlink / Pyth / etc.), pricing basis (Proof-of-Reserve, NAV, or DEX market price), data source, and update frequency.

• Mint route: price basis (NAV vs market), cadence (real-time vs periodic), and whether minting requires a whitelist / recommended path.

• Exit route: redemption cooldown and execution logic, the unstake contract interface, redemption cost and who bears it, a pre-confirmation price-estimation interface, and base-stablecoin swap slippage.

• External lending listings: whether the asset is already listed as collateral on Aave or Morpho (this unlocks the migration fast track below).

For credit RWAs, additionally: NAV methodology (net of expected and realized bad debt), write-off policy, monthly vintage + recovery data, FX-risk bearer, and the fixed SLF rate / looper-buffer commitment (fixed senior rate / junior-buffer commitment) need to be pre-discussed.

2. Risk modeling (Bondify-side) - LTV and debt-ceiling calibration from the inputs above.

3. Vault deployment (Bondify-side) - we deploy the asset with custom risk parameters, set SLF allocation across assets and across strategies (YT vs Looper), and enable the YT and Looper vaults with target underlying-yield and borrow-cost ranges.

4. Liquidity bootstrap (optional) - integrate with Staple DEX to enable secondary trading. This seeds two kinds of pools: the RWA token against USDC (so the asset itself has an on-chain spot market), and the Junior Token, the standardized leveraged position, against USDC (so holders can buy and sell leveraged exposure directly). It's additive, not blocking.

Fast track: assets already on Aave or Morpho

If the asset is already collateral on Aave or Morpho, Bondify enables External Position Migrate from day one. Users import existing single-collateral / single-debt (USDC) looping positions directly into a Bondify Junior position - no unwind-and-rebuild - leaving only oracle and parameter setup.

What onboarding unlocks

Onboarding is not a one-off liquidity event. It gives the asset a standing place in a leveraged-yield market, which compounds over time:

• Asset growth. Looper leverage turns each dollar of issuance into several dollars of effective demand for the asset, so the same investor base supports a larger book than spot buying alone.

• Sticky holders. YT and Junior Token holders hold to maturity to earn, and can roll into the next term rather than redeem - turning one-time buyers into a recurring, lower-churn base.

• A continuous price. Standardized Junior Tokens and a live YT market give the asset an on-chain secondary price and exit, which makes new holders more willing to enter in the first place.

• Distribution. Direct exposure to Bondify users actively seeking leveraged-yield and yield exposure.