Protocol V3 Documentation

An introduction to the key components and users in the GoodDollar protocol V3. This is the current version of the GoodDollar smart contracts.

Notice of Potential Information Variability

As of December 21, 2023, the information in GoodDocs may not reflect the most current updates. The team is diligently working to review and revise the documentation to ensure accuracy. Please check back at a later date for the most up-to-date information.

Intro

GoodDollar V3 is a smart contract upgrade that enables core functions for the GoodDollar protocol to scale.

provides an overview of what V3 does and why it matters to you and the world.

GoodDollar protocol’s mission is to issue a sustainable crypto universal basic income, as a public good, that members are able to use G$ as a medium of exchange.

All proposed changes are designed to:

encourage usage and engagement among active G$ holders and community members
reduce the rate of leverage of the currency, to encourage sustainable growth with minimal price volatility
lay the groundwork for the GoodDAO to begin to propose, lead and fund community-led initiatives
V3 eliminates G$ Staking APY Rewards for Mainnet Stakers
The Speed of Annual G$ Minting/Issuance has been reduced by the passing of Protocol V3: Reserves Ratio Decline from 20% → 15% annually
V3 also allocate 10% of the daily G$ UBI mint towards savings rewards and another 10% of the daily G$ UBI mint to fund a GoodDAO controlled community fund.
Expand G$ token and protocol to Celo blockchain

What you can do in V3:

Stake for GoodDollar UBI and earn Governance Tokens (GOOD)

Stake your stablecoins using GoodDollar Trust
Automatically donate your yield towards UBI
Increase your voting power by claiming your GOOD tokens

Stake GoodDollars through Savings for rewards

Earn G$ by staking in the Savings contract

Submit proposals and get them funded via GoodDAO

10% of the daily UBI mint is directed to the community fund
Submit your proposal to the GoodDAO for funding
If it passes, community fund guardians will approve the transaction and fund your proposal.

Developer Tools

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Last updated 10 months ago

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Intro

GoodDollar V3 is a smart contract upgrade that enables core functions for the GoodDollar protocol to scale.

provides an overview of what V3 does and why it matters to you and the world.

GoodDollar protocol’s mission is to issue a sustainable crypto universal basic income, as a public good, that members are able to use G$ as a medium of exchange.

All proposed changes are designed to:

encourage usage and engagement among active G$ holders and community members

reduce the rate of leverage of the currency, to encourage sustainable growth with minimal price volatility

lay the groundwork for the GoodDAO to begin to propose, lead and fund community-led initiatives

V3 eliminates G$ Staking APY Rewards for Mainnet Stakers

The Speed of Annual G$ Minting/Issuance has been reduced by the passing of Protocol V3: Reserves Ratio Decline from 20% → 15% annually

V3 also allocate 10% of the daily G$ UBI mint towards savings rewards and another 10% of the daily G$ UBI mint to fund a GoodDAO controlled community fund.

Expand G$ token and protocol to Celo blockchain

What you can do in V3:

Stake for GoodDollar UBI and earn Governance Tokens (GOOD)

Stake your stablecoins using GoodDollar Trust

Automatically donate your yield towards UBI

Increase your voting power by claiming your GOOD tokens

Stake GoodDollars through Savings for rewards

Swap any ERC-20 token in

Earn G$ by staking in the Savings contract

Submit proposals and get them funded via GoodDAO

10% of the daily UBI mint is directed to the community fund

Submit your proposal to the GoodDAO for funding

If it passes, community fund guardians will approve the transaction and fund your proposal.

Developer Tools

Contribute with GoodDollar repository and security and hunt some .