Smart Contract Architecture Diagram

Money Flow in the GoodDollar Ecosystem

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