Bonding allows users to mint MAMA from the protocol at a discount by trading it with i) assets (such as DAI) or ii) liquidity (LP Tokens). The former is called reserve minting and the latter liquidity minting.

The minting action create bonds which take roughly 15 epochs to vest (~3 epochs a day), and MAMA tokens are vested linearly to the user over that period. Liquidity minting help the protocol to accumulate and lock liquidity, while reserve minting allow the protocol to grow its treasury, and thus its Backing per MAMA faster.

MAMA DAO currently offers different types of assets that can be used to mint MAMA on the bonding page of our webapp:

• MAMA-DAI LP
• DAI
• More bond options will be made available soon (e.g. MATIC, Metaverse & Gaming projects)

1. Make sure you have MAMA-DAI LP tokens in your wallet. You need to go to QuickSwap and add liquidity for the MAMA-DAI LP pool to acquire them. Find the link to provide liquidity to the pool here. The MAMA-DAI LP contract is [ ].2.
2. Head to the MAMA-DAI LP Bond page of the MAMA DAO webapp. There are two tabs: "Bond" and "Redeem". Make sure "Bond" is selected.3.
3. Type in the amount of MAMA-DAI LP tokens you would like to use in order to mint MAMA. Make sure you are not trying to mint more than it's allowed. The Max You Can Buy field below shows the maximum amount of MAMA you can purchase.
4. If this is your first purchase, you need to approve the MAMA DAO contract to spend your MAMA-DAI LP tokens. Click "Approve" and sign the transaction.5.
5. After the "Approve" transaction has been processed successfully, refresh the page. The "Approve" button should be changed to display "Bond" by now.6.
6. Click "Bond" and sign the transaction. There you go, you have minted MAMA using MAMA-DAI LP tokens!
   
   Note: You will need some $MATIC for gas fees.

1. Make sure you have DAI in your wallet on the Polygon Network. For example, you can go to QuickSwap to swap MATIC for DAI if you don't have any, as the deepest liquidity is there!2.
2. Head to the DAI Bond page of the MAMA DAO website. There are two tabs: "Bond" and "Redeem". Make sure "Bond" is selected.3.
3. Type in the amount of DAI you would like to use in order to mint MAMA. Make sure you are not trying to mint more than is allowed. The Max You Can Buy field below shows the maximum amount of MAMA you can purchase.4.
4. If this is your first purchase, you need to approve the MAMA DAO contract to spend your DAI. Click "Approve" and sign the transaction.5.
5. After the "Approve" transaction has been processed successfully, refresh the page. The "Approve" button should be changed to display "Bond" by now.6.
6. Click "Bond" and sign the transaction. There you go, you have minted your first MAMA using DAI tokens!
   
   Note: You will need some $MATIC for gas fees.

• MAMA Bond Price is the price of MAMA you get from bonding. You can calculate the mint price using the following formulae:
  - LP Mint such as MAMA-DAI LP: (Value of your LP token / MAMA you'll get from minting)
  - DAI Mint: (Value of your DAI token / MAMA you'll get from minting)
• MAMA Price is the market price of MAMA.
• Your Balance is your balance of LP tokens or asset used to mint.
• You Will Get tells you how many MAMA tokens you will get from minting.
• Max You can Buy maximum amount of MAMA available to be bought.
• Debt Ratio measures the total amount of MAMA created from mints that have yet to be paid out by the protocol. The debt ratio is calculated differently for LP mints and DAI mints:
  - LP Mint: (MAMA created from unredeemed mints / MAMA total supply)
  - DAI Mint: (MAMA created from unredeemed mints / MAMA circulating supply)
• Vesting Term measures the period a minting action takes to fully redeem. This number is expressed in days.
• Minimum Purchase: Minimum amount of MAMA that can be minted

Redeem Page

• Time Until fully vested is the time until the MAMA minted will be fully redeemable
• Pending Rewards is the amount of MAMA you are entitled to receive from minting.
• Claimable Rewards is the amount of MAMA that you can claim now. This amount keeps increasing as MAMA is vested to you over the vesting period.
• ROI is the Return On Investment
• Vesting Term measures the period a Minting action takes to fully redeem. This number is expressed in days.