Bonding is the secondary value accrual strategy of Whale Loans. It allows Whale Loans to acquire its own liquidity and other reserve assets such as BUSD by selling HUMP at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of HUMP tokens entitled to the bonder, and the vesting term. The bonder can claim some of the rewards (HUMP tokens) as they vest, and at the end of the vesting term, the full amount will be claimable.