>>17700271
it's not even really a bond, im not sure if there is anything else like it really, you aren't contributing to a debt pool, you aren't lending your funds, none of that, you just lock your funds and get a rate that is funded by the interest rate (stability fee) on vaults, which itself is strange because vault owners don't borrow DAI, they mint it against collateral *they own*, the stability fee and DSR appear to be interest rates but they're actually just monetary policy knobs to affect the supply and demand (respectively) of DAI, it's kind of beautiful that it works