When users purchase EGIS tokens, they are actually selling their assets in order to buy a bond from the protocol. Bonding Actions are a cross between a fixed income product, a futures contract, and an option. The protocol quotes the bonder with terms for a trade at a future date. These terms include a predefined amount of EGIS the minter will bond and the time when vesting is complete. The bond becomes redeemable as it vests, i.e. in a 5-day term, after 2 days into the term 40% of the rewards can be claimed.