Migrate from External Positions

Migration brings an existing leveraged looping position from an external lending market into Bondify without unwinding it, preserving your leveraged state. Bondify currently supports Aave and Morpho.

After migration the position is managed by Bondify and behaves exactly like a natively created one: you can manage leverage, issue a Yield Token to sell its future yield, or issue a Junior Token to buy and sell the position itself, the same as any SLF position.

What can be migrated

Bondify supports positions with a single collateral asset and a single debt asset only. Multi-collateral and multi-debt configurations are not supported.

Configuration	Example	Supported
Single collateral & debt	ETH collateral, USDC debt	Yes
Multi-debt	ETH collateral, USDC + USDT debt	No
Multi-collateral	ETH + wBTC collateral, USDC debt	No
Multi-collateral & multi-debt	ETH + wBTC, USDC + USDT	No

Only one e-mode per collateral / debt pair is supported.

How it works

Migration is atomic, powered by a flashloan in a single transaction, so every step succeeds or reverts together with no intermediate risk. You set a target LTV at migration time and the system adjusts to it on completion. If the resulting LTV would exceed the market's limit, the transaction reverts automatically.

After migrating

The position joins Bondify with the same exposure you held externally, then unlocks the full set of strategies:

• Manage leverage by adding or repaying debt

• Issue a Yield Token to sell future yield upfront

• Issue a Junior Token to exit or rebalance any time on the secondary market

One note that affects pricing: a migrated position's funding source and points multiplier can differ from an SLF-native one, which is why Yield Tokens from migrated positions are valued differently.