What roles do the three bonds play?

Each bond serves different system functions:

• Treasury Bonds: Provide reserve assets for the protocol, supporting minting rights and price anchoring;

• LP Bonds: Enhance trading depth for AS/USDT, improving liquidity stability;

• Burn Bonds: Reduce circulating AS supply, driving deflation and price support.

Together, they form a "reserve – liquidity – deflation" triangular support system, safeguarding the protocol's price mechanism and operational security from three dimensions: asset input, market foundation, and supply-demand regulation.