What Is Debitum?
Debitum is a permissionless, fully on-chain bond protocol deployed on multiple EVM chains. It enables any project to issue bonds — structured token sales with a built-in discount and vesting schedule — without any off-chain infrastructure, admin control, or protocol approval.
Every bond on Debitum is a standalone smart contract deployed via a factory. Once created, its terms are permanently locked on-chain: the discount rate, payment token, vesting schedule, and capacity cannot be changed by anyone, including the bond creator.
How It Works
When a project creates a bond, they define:
- →Principal token — the token being sold
- →Payment token — what buyers pay with (any ERC20 or ETH)
- →Discount — fixed percentage below market price
- →Vesting schedule — linear, cliff, or step
- →Capacity — how many tokens are available
Buyers purchase the bond by paying with the payment token. They immediately receive an ERC721 NFT representing their vesting position. The NFT is transferable — the vesting rights can be traded on any NFT marketplace.
Why On-Chain Bonds?
Traditional token distributions (IDOs, OTC deals, private rounds) rely on off-chain agreements, spreadsheets, and manual vesting contracts. They require trust in a third party.
Debitum replaces all of that with verifiable smart contracts. Vesting is enforced by code. Claims are permissionless. No one can freeze, modify, or cancel a vesting position.
Key Properties
- →Non-upgradeable contracts — no proxy patterns, no upgrade paths
- →No admin keys on bonds — creators can only pause or close, never alter terms
- →Fully on-chain SVG metadata — NFT images are generated on-chain, no IPFS
- →Zero protocol fee during the launch period
- →Works with any ERC20 token on any supported EVM chain
Who Is Debitum For?
Debitum is useful for:
- 1.DeFi projects launching structured token sales without a custodian
- 2.DAOs distributing tokens to contributors with on-chain vesting guarantees
- 3.Investors looking for discounted token exposure with transferable positions
- 4.Protocols doing OTC deals that want on-chain settlement instead of manual agreements
Conclusion
Debitum brings the concept of a bond — a structured obligation with defined terms and maturity — fully on-chain. If you want to buy tokens at a discount or sell tokens to your community with transparent, trustless vesting, Debitum is the protocol to use.