> For the complete documentation index, see [llms.txt](https://docs.rwa.vip/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.rwa.vip/iii.-rwa-ecosystem-protocol-operation-mechanisms/bond-contract/reserve-bond-sales.md).

# Reserve Bond Sales

Users purchasing reserve bonds with USDT will transfer the USDT to the protocol. As compensation, users will receive more RWA tokens than they would by purchasing them on the market. Reserve bonds offer users a corresponding discount, and the bonds have a 5-day exercise period. After the exercise period ends, users will receive RWA tokens, and this process is also irreversible. The mechanism is the same as with LP bonds.

When users purchase reserve bonds with USDT, the protocol does not need to assess their risk-free value. The protocol mints RWA tokens 100% based on the funds it receives. Referring to the previous example, when an LP worth $2000 buys a liquidity bond, it mints 200 RWA, whereas when $2000 of USDT purchases a reserve bond, it mints 2000 RWA (with an RWA support price of $1).

The protocol supplements LP bonds with USDT bonds, capturing the full value of the USDT bonds to significantly increase the minting of RWA tokens, thereby meeting the market development demands.


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