Looking Ahead: the Bondex Network L2 Option

A healthy ecosystem of interactions generates value which may be better captured by owning a proprietary Layer 2.

In the future, Bondex may explore developing and owning a proprietary L2 to help participants capture the value of their interactions.

In this scenario, all economic interactions on the Bondex L2 would require gas fees to be paid in $BDXN, making it the technical fuel of the network. This would modify some of the current economic flows and introduce key changes. The most significant change would be that the Bondex Sequencer would capture all generated revenue. A portion of these gas fees would be allocated to settling transactions on Ethereum Layer 1 in $ETH, while the remainder would be used to:

• Supplement the rewards pool

• Contribute to the deflationary mechanics of $BDXN by burning a variable amount of collected gas fees

Furthermore, owning the infrastructure layer underpinning the application creates more opportunity for value creation by fostering an external builder community. If other developers deploy applications on the L2, they will contribute value by enriching and consuming social graphs and utilizing the $BDXN token for gas. This, in turn, creates a powerful flywheel effect within the L2 ecosystem.