Basis Bonds are minted and redeemed to incentivize changes in the Basis Cash supply. Bonds are always on sale to Basis Cash holders, although purchases are expected to be made at a price below 1 Basis Cash. At any given time, holders are able to exchange their bonds to Basis Cash tokens in the Basis Cash Treasury. Upon redemption, they are able to convert 1 Basis Bond to 1 Basis Cash, earning them a premium on their previous bond purchases.