#Bitbond explained: following the bond issuance, the US gov pays 1% annually instead of 4.5%; reducing expenses. At maturity on year 10, the bond holder receives a lump sum on top of the recurring 1% annually that match a historical 10 Years UST bond of 4.5% CAGR. Then the bitcoin remaining profit is split in half between US gov and the buyer.
Example with Bitcoin Growing at 20% CAGR:

