Bonds

Pay USDC, receive discounted $CIT as $bCIT.

Arc

Purchase bonds

The discount is the reason to bond; the vest is what stops an instant dump.

CIT reference price—

Bond price—

ROI—

Vesting term—

Available inventory—

USDC

You will get—

A purchase reverts if the payout inventory is short. That is deliberate: you find out before you pay, not at conversion time.

$bCIT unlocks linearly. Convert whatever has unlocked, whenever.

Your $bCIT balance—

Unlocked and convertible—

Your bonds—

Conversion walks your bonds oldest first and burns exactly the $bCIT it pays out in $CIT.