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Money · 8 min read

Why bond a post you may never see

Bonders put their own money behind a sealed post unsealing. They earn exactly what they staked when it does, and they pay the backers, and the cost of collecting them, when it does not.

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A bonded sealed post has three seats and two of them explain themselves. Creators put work behind a goal. Backers pool money to open it. Then there are bonders, who put real money behind the bare claim that a post will hit its goal, for content they may never see.

That is the strangest seat at the table, and the whole mechanism rests on it. So it is worth sitting in for a few minutes.

What does a bonder actually do?

Take the post from the worked example: a $100 goal with a 25% bonus, which caps the pool at $25. Two people fill it early, while the ending is still wide open. One of them puts up $15.

That person is not buying the post. Bonding does not unseal anything, does not reserve anything, and does not come with a copy. It is a position with exactly one claim attached: this post will hit its goal before the deadline.

If they are right, the post opens for everyone, their hold is released, and they are credited $15. Their card is never charged at all. If they are wrong, the post stays sealed, the backers are credited their bonuses, and the pool is charged what those bonuses cost, in proportion to each stake.

openmog’s fee is 10% of each payment with a 75 cent minimum, card processing included, and it sits inside the price the payer sees. Set $30 and the buyer pays $33.34; you receive $30.00. The price you set is the price you receive. Which side carries it follows the outcome: backers’ charges when the post opens, bonders’ when it stays sealed.

Why does a bonder earn exactly their stake when a post opens?

It looks like a marketing number and it is actually arithmetic, so here it is in full.

The pool is capped at the bonus percentage times the goal. On a post that unseals, backing reached the goal by definition. So the bonus the post owes, that same percentage applied to what was raised, is always at least as large as the pool waiting to collect it. Each bonder holds some share of the pool and collects that share of a bonus of equal size, which lands them back at their own number.

The useful consequence is that your earnings do not depend on how many other people bonded. Being early is not rewarded with a bigger multiple and being late is not punished with a smaller one. A half-full pool does not pay double. There is one number, it is yours, and the only thing that decides whether you collect it is whether the post opened.

It also means the creator only pays for the bonding that showed up. A 25% bonus that nobody stakes into costs a creator nothing, and the sole bonder in a barely-filled pool collects their own stake rather than a windfall. Every seat is priced the same way, by what it actually put at risk.

What does being wrong cost?

Less than the textbook version of this mechanism charges, and it is worth being precise about how much less.

In the classical design a losing bond is forfeited whole. On openmog each bond is charged the all-in amount that covers its share of what the backer bonuses come to. Say that $25 pool ends against $60 of backing at a 25% rate: the bonuses total $15.00, and $16.75 is captured across the pool, $10.00 from the $15 bonder and $6.75 from the $10 bonder, the bonuses plus $1.75 of fee, with the remainder of each hold released. Your bond caps your exposure rather than being a payment you already made, and the cap is real: the charge for your share can never grow past the hold you placed.

There is no partial credit for a near miss, though, and that is deliberate. A post that reaches 92% of its goal at the deadline has stayed sealed, and the bonuses are owed in full on the backing that turned up. Being nearly right costs what being wrong costs. A bond that softened at the edges would be worth much less as a signal, and the signal is the entire product.

One ending returns everything. If a post ends with no backing at all, nobody is owed a bonus, so every hold is released untouched. Total indifference gives your stake back; a post that tried and fell short does not.

When is bonding a good idea?

When you know something the post page does not show. Nobody should bond a stranger’s post off a title and a number. But if you have followed a creator for two years, if you have watched their replies fill up with people asking for exactly this, then you hold information the raw panel cannot display. Bonding is how you turn that into two things at once: earnings for you, and evidence for everyone else.

That second one is easy to underrate. The pool does not sit off to the side of the post; it changes how the post behaves. A backer looking at a bare $100 goal has to guess whether anyone else will show up. A backer looking at a fully bonded $100 goal is looking at people who did the homework and signed it with their own money. And because that pool becomes the bonus if the post falls short, every dollar placed into it makes backing safer at the exact moment it makes funding likelier.

Why can you not wait for a sure thing?

You can stake on day one or an hour before the deadline and the arithmetic treats them the same. But two doors close on their own.

The first is the cap. Once the pool reaches the bonus percentage of the goal it stops accepting money. A full pool is not a snub, it is information: people with money at risk stood behind this post until it stopped taking them.

The second is more interesting. Bonding closes the instant a post unseals. Once the goal is hit the ending is settled and the window is gone. So the strategy of waiting until a post is obviously going to make it and then stepping in cheaply does not exist here. The moment a position becomes safe, it stops being available. Every bond ever placed on openmog was placed while the ending was genuinely unknown.

If you are locked out, do the thing the pool is counting on and back it. Backing is what actually moves a post toward its goal, and it is the one seat that comes out fine either way.

Can the creator bond their own post?

Yes, and nothing says more. A creator staking into their own pool is saying: fund this, or I will personally help pay you for showing up. It is also a small piece of history. In the 1998 design that sealed posts are built on, the person proposing the project posted the bond themselves, so a self-bonded post brings the idea all the way back around. A creator setting one up for the first time should start with your first sealed post.

That is why the seat exists. Creators bring the work, backers bring the goal, and bonders bring the reason to believe. Next: pay to reveal, the mode with no crowd in it; the FAQ for the money questions in one place; or go find a post whose audience you already understand.

Frequently asked questions

What is a bonder on openmog?
A bonder is someone who stakes their own money on a sealed post reaching its goal. Bonding does not unlock anything and comes with no copy of what is inside. If the post unseals, the bonder is credited exactly what they staked and their hold is released, so nothing is charged. If it stays sealed, the pool pays the backers their bonuses and the bonder is charged the all-in amount that covers their share of that cost, with the rest of the hold released.
How much can a bonder earn?
Bonders are paid for guaranteeing the backers’ bonus, and on a post that unseals that payment is exactly their stake. The bond pool is capped at the bonus percentage of the goal and a post only unseals once backing reaches that goal, so the bonus owed always at least matches the pool collecting it. A $15 bond on a post that opens is credited $15; openmog’s fee rides each backer’s charge, so nothing is carved out of the pool or the goal. Bonders earn nothing on a post that stays sealed.
What does a bonder lose if the post stays sealed?
The all-in cost of their share of the backer bonuses, capped by the hold behind their bond. If a $25 pool owes $15 of bonuses, $16.75 is captured across the pool: $10.00 from a $15 bond and $6.75 from a $10 bond, the $15.00 of bonuses plus $1.75 of fee. The rest of every hold is released. Each charge carrying its own collection cost is what lets the backers receive the full rate the post advertised. A post that ends with no backing at all owes nobody a bonus, so every bond is released untouched.
Can I bond a post that is about to succeed?
No. Bonding closes the instant a sealed post reaches its goal, and the pool stops accepting money once it is full. Both doors shut on their own, so waiting until a post is obviously going to fund does not get you a safer position. It gets you locked out.
Can a creator bond their own sealed post?
Yes, and it is the loudest signal available to them: fund this, or I will personally help pay you for showing up. A creator who fills their own pool has rebuilt the original 1998 dominant assurance contract, in which the person proposing the project posts the bond themselves.