Performance bonds allow BitDAO to guarantee funding for projects and applications by locking collateral that can be slashed if performance criteria are not met. The workshop will cover why performance bonds are useful, how they work, and an example integration. Performance bonds engage communities, allow assurance for off-chain interactions, and formalize DAO co-investments. They have states like proposed, created, filled, closed, delivered, assessed, and redeemed. The bond specification and architecture will also be reviewed.