Supporter “stakes” crypto-asset to GoodStaking contract
Currently only accepting stakes in DAI
GoodStaking deposits crypto-asset to permissionless protocol
Currently integrated only with Compound
Permissionless protocol issues a “staking token”, cDAI
GoodStaking issues a non-transferable record to the Supporter’s wallet
Supporter can withdraw “stake” at any time
GoodStaking issues a non-transferable record to the Supporter’s wallet
Supporter can withdraw “stake” at any time
GoodDAO contract sends a daily request to GoodStaking to collect earned interest
GoodStaking sends interest to GoodReserve
GoodDAO triggers the GoodReserve to mint G$ and send newly minted G$ to the GoodDAO. G$ minted are used for interest yield-payouts (currently inactive) and pool of daily basic income
Interest pay-outs are sent back to GoodStaking (currently INACTIVE)
GoodDAO sends G$ for pool of daily basic income to the UBI Scheme Smart Contract, via the Fuse bridge
G$ in the UBI Scheme Smart Contract is divided between all “active” users/Claimers
Each Claimer has a 24-hour window to log-in and claim their share of the daily basic income pool