Frank NFT Bonds
Frank NFT Bonds (
fNFTBonds) act like perpetual bonds where the principle never gets payed back, yet investors receive perpetual rewards. This means that
fNFTBonds represent a fraction of ownership over revenue generated by the entire Farmer Frank protocol. Although
fNFTBonds are not redeemable for JOE, they are still "backed" by it. This means that the bond holder is entitled to claim the revenue generated by the assets backing such bond.
fNFTBonds come into 4 different levels. The more JOE you lock, the higher weight multiplier you will have.
fNFTBonds are the main asset issued by Farmer Frank Protocol. These NFTs can be minted by locking JOE tokens into the Farmer Frank Treasury forever.
Level 4 fNFT Bond (JOE)
fNFTBonds can be sold on the secondary market, through marketplaces such as Tofu NFT.