> For the complete documentation index, see [llms.txt](https://docs.spartacus.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.spartacus.finance/guides-to-arena/bonding.md). # Bonding {% hint style="info" %} **Good to know:** * During the initial launch ceremony, we will incentivize bonding with 20-30% discount for a short period of time. Discounts will be set back to \~10% level after the initial launch phase. * Bonders receive \~10% discounts from Spartacus Protocols and receive vesting SPA tokens in \~ 5 days. {% endhint %} ## The bonding process You will be able to bond Dai or Dai-SPA LP tokens initially. The bond price will be setup to provide \~10-30% positive ROI for all bonders. Bonding is the process of Spartacus DAO accruing liquidity and the reserve assets, and providing the value backing for the SPA token. Spartacus protocol gradually owns the liquidity through the bonding process. With bonding, SPA 's intrinsic value is established. More details to come on how to bond via Spartacus UI. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.spartacus.finance/guides-to-arena/bonding.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.