# Protocol V2

## **Intro**

**GoodDollarV2 is a smart contract upgrade that enables core functions for the GoodDollar protocol to scale.**

{% hint style="info" %}
[This blog post](https://www.gooddollar.org/gooddollarv2-launches-the-epoch-of-defi-for-good/) provides an overview of what V2 does and why it matters to you and the world.
{% endhint %}

* GoodDollar leverages yield farming and liquidity mining rewards to encourage capital to flow towards the protocol, enabling the sustainable generation of UBI.
* V2 is a smart contract upgrade to expand functionality and open-source launch of a [protocol user interface](https://docs.gooddollar.org/for-developers/developer-guides/deploy-your-own-gooddapp-ui), deployed by community members.
* V2 enables members to [stake](https://docs.gooddollar.org/previous-protocol-versions/broken-reference) in Compound or Aave and earn #GoodRewards while at the same time funding [#CryptoUBI](https://twitter.com/search?q=%23cryptoubi\&src=typed_query) for all.
* Now, members can buy and sell G$ directly in the [GoodDollar Reserve](https://docs.gooddollar.org/user-guides/buy-and-sell-gusd), a key feature that enables the economy to scale.
* V2 introduces a new governance model with the launch of the community-owned [GoodDAO](https://docs.gooddollar.org/previous-protocol-versions/broken-reference), which will determine the protocol’s future direction. 

![V1 (POC) vs. V2](https://3326799749-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LfsEjhezedCgGFXCkms%2Fuploads%2FIDUUHD2ZP09iWi8N9p2H%2Fprotocolv2.png?alt=media\&token=353860e8-452c-4d9d-9744-1102a41c2353)

## What you can do in V2:

### Stake for GoodDollar UBI and earn rewards 

* [Stake](https://docs.gooddollar.org/previous-protocol-versions/broken-reference) your stablecoins using GoodDollar Trust 
* Get benefits from the Liquidity Rewards Scheme

### Interact directly with GoodDollar Reserve 

* Swap any ERC-20 token in [exchange for G$ ](https://docs.gooddollar.org/user-guides/buy-and-sell-gusd)
* Earn G$X by buying G$ from the reserve, a token that enables users to sell to the GoodReserve without penalty.

### Community governance via GoodDAO 

* Community governance for all smart contract upgrades 
* [Claim GOOD allocation](https://docs.gooddollar.org/previous-protocol-versions/broken-reference) based on snapshot results and ongoing distribution
* Integrate Your Protocol with GoodDollar and assign G$ rewards

### Developer Tools 

* Contribute with GoodDollar repository and security and hunt some [bounties](https://github.com/GoodDollar/Bounties/issues). 
* Integrate your Protocol with GoodDollar (coming soon!) 
* [Deploy Your Own UI](https://docs.gooddollar.org/for-developers/developer-guides/deploy-your-own-gooddapp-ui)