Architecture & Value Flow
This page provides an overview of the GoodDollar smart contracts architecture and value flow within the system.
- 1.Supporter “stakes” crypto-asset to GoodStaking contract
- Currently only accepting stakes in DAI
- 2.GoodStaking deposits crypto-asset to permissionless protocol
- Currently integrated only with Compound
- 3.Permissionless protocol issues a “staking token”, cDAI
- 4.GoodStaking issues a non-transferable record to the Supporter’s wallet
- Supporter can withdraw “stake” at any time
- 5.GoodStaking issues a non-transferable record to the Supporter’s wallet
- Supporter can withdraw “stake” at any time
- 6.GoodDAO contract sends a daily request to GoodStaking to collect earned interest
- 7.GoodStaking sends interest to GoodReserve
- 8.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)
- 9.GoodDAO sends G$ for pool of daily basic income to the UBI Scheme Smart Contract, via the Fuse bridge
- 10.G$ in the UBI Scheme Smart Contract is divided between all “active” users/Claimers
- 11.Each Claimer has a 24-hour window to log-in and claim their share of the daily basic income pool
Last modified 1yr ago