muBOND

muBOND is a credit-backed USD yield token supported by high quality Asia government and corporate borrowers. muBOND is designed for higher potential returns in exchange for providing insurance to AZND holders. muBOND is suitable for users seeking leveraged returns on the underlying Asset Pool while retaining full DeFi composability

• Risk: First loss credit tranche

• Yield Allocation: 10-20% of net yield from the Asset Pool; price adjusts periodically to reflect accrued yield

• Collateral: Portfolio of Asia credit assets, including public bonds and private credit; same portfolio underlies AZND and muBOND

• Utility: Freely transferrable onchain, usable in DeFi markets

muBOND repricing happens on a regular basis, to reflect mark to market changes in the underlying portfolio as well as accrual of yield. These price updates are expected to be published weekly at inception with the frequency intended to increase over time