sBOLD is a yield-bearing tokenized representation of a deposit into Liquity’s v2 Stability Pools based on a weights set on deployment. The protocol will initially accept BOLD deposits and route them into the wstETH, wETH and rETH stability pools in fixed proportions (60%, 30% and 10%, respectively). In return, the depositor receives an ERC4626 token that could be integrated with third-party protocols like money markets, decentralized exchanges and yield trading platforms for improved capital efficiency.