Assume current price of WLRS is $1. Ana has $100 worth of WLRS/USDC.e LP and sees the bond premium at 150% for that rebate. She exchanges her WLRS/USDC.e LP and is quoted 150$ worth of WLRS at that time. Over the next 3 days she receives 150 WLRS and assume WLRS price is now $2. She now has $300 worth of WLRS for a $100 dollar investment.

Rebates are a inflationary mechanism that supports protocol owned liquidity.

Rebates are enabled when WLRS is at TWAP > 1.2 USDC.e
Rebates allows for bonding assets.
  • Bond Liquidity:
    • WLRS/USDC.e LP
    • USDC.e
    • AVAX
By bonding these tokens, they are added to the treasury and contribute to protocol owned liquidity. This ensures that these tokens can accrue liquidity, making the price more stable over the long term.
At the price of each asset, you will receive the USD amount of WLRS based on the prices at the time of bonding. The bonding premium % percentage represents the potential ROI (return on investment) at the current time of bonding.


Your WLRS reward tokens are linearly vested for 7 days.
WLRS reward tokens are replenished at the start of every epoch.


Please understand, rebates can be risky on volatile assets as they do not always go up. If a rebate is purchased and the asset you receive is reducing in value over 3 days you will not get the full USD amount and could even lose money!