Collateral Report on Bond Voucher Issuances
Tl;dr: The current statuses on the $STRP Bond Voucher and the $IZI Bond Voucher are over-collateralized at 185% and 253% in collateralization ratio, respectively.
As the crypto market delivered another white-knuckled ride earlier this week, investors across all sectors remain jittery. We feel it necessary to take a moment here to reiterate our commitment to making sure that protocols having issued Bond Vouchers through Solv Protocol make good on their debt obligations.
The current statuses on the $STRP Bond Voucher and the $IZI Bond Voucher are over-collateralized at 185% and 253% in collateralization ratio, respectively. Both treasuries demonstrate strong capital (discounting the collateral) to cover expenses and operations in the foreseeable future.
Solv’s Bond Voucher was launched in February as the first on-chain bond in history. After its debut issuance by Perpetual Protocol, it enabled Unslashed Finance, Strips Finance, and iZUMi Finance to raise over $17M in liquid assets. Solv Protocol remains committed to building through its on-chain infrastructure a transparent, permissionless, and zero-fraud debt capital market.
Solv Protocol is a decentralized marketplace for minting, trading, and managing NFTs that represent financial rights. Solv has offered Vesting Voucher, an allocation management fundraising tool, Convertible Voucher, a structured product allowing DAOs to leverage native tokens, and Bond Voucher, the first market-tested debt instrument in DeFi that helps DAOs tap into the debt capital markets.