Alpha Bonds are Augmented Bonding Curves with a termination date, a payout & a risk adjustment mechanism. With “alpha” referring to that “risk adjustment” parameterization aspect, for instance if the project succeeds then the interest rate decreases.
Alpha Bonds are a key component of the ixo ecosystem. Shaun started blogging about this concept back in June 2019:
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ELI5 is short for “Explain Like I’m 5”. It was made popular on Reddit, it is a request for a simple explanation to a complicated question or problem.