I made a visual to explain how @blackhaven bonds work because a lot of people got rekt last time : > You bond and buy $RBT at a discount > Money goes to the treasury and Megaeth apps (aave for now) >Money from apps goes back to the treasury to grow reserves If everything goes right $1 of $RBT should equal $1 of reserve, and to help keep that balance BAM mechanics either : >Buy $RBT if it trades below reserve >Sell if it trades above TL;DR: When you buy $RBT or bonds you’re speculating that reserves will grow either because more people want to participate or because of how they manage liquidity Recently BAM wasn’t activated and $RBT pumped too much so people freaked out sold $RBT, treasury went down people sold more etc Blackhaven can be a crazy flywheel or a vicious circle so it all depends on your view of its future Personally I’m bullish because more incentives are coming, BAM will activate and I believe fear went too far