EAB(Escrowed Asset-Backed Bond)

Users who stake Pynths assets (pUSD, pBTC, pETH) as well as DAI and USDC in the liquidity pools are rewarded $NEND in escrow for a certain vesting time.

They can hold and stake $NEND or choose to issue EAB to refinance $NEND.

EAB can be sold on the market at a possibly lower cost than their existing financing.

EAB buyer gets the $NEND staked automatically when he triggers the buying. EAB buyer gets the reward of the newly acquired $NEND.