$MIM Bonding

MIM Bonding was introduced since the AvaxDAO's Launch. It allows you to trade MIM in exchange for discounted $AVAXD.

How to Bond

1. Make sure you have MIM in your wallet. For example, you can go to Trader Joe to swap AVAX for MIM if you don't have any, as the deepest liquidity is there!

2. Head to the MIM Mint page of the Avax DAO website. There are two tabs: "Bond" and "Redeem". Make sure "Bond" is selected.

3. Type in the amount of MIM you would like to use in order to Bond $AVAXD. Make sure you are not trying to Bond more than is allowed. The Max You Can Buy field below shows the maximum amount of $AVAXD you can purchase.

4. If this is your first purchase, you need to approve the contract to spend your MIM. Click "Approve" and sign the transaction.

5. After the "Approve" transaction has been processed successfully, refresh the page. The "Approve" button should be changed to display "Bond" by now.

6. Click "Bond" and sign the transaction. Now you have Bonded your first $AVAXD using MIM tokens!

7. Make sure to redeem your Bond afterward.