💆‍♀️GoVBUSD Safety Pool

The GoVBUSD Safety Pool allows users to beneficially participate in the protocol by depositing only GoVBUSD!

The GoVBUSD Safety Pool allows users to earn GoVBUSD yield on single-sided GoVBUSD deposits. It is called the Safety Pool because it can potentially increase the protocol's backstop funding. This is accomplished via "slashing", or reducing users' deposit credit when certain conditions related to the health of the protocol are met. Any GoVBUSD sold in this manner is used directly to stabilize the protocol. GoVBUSD would only be used for stabilization if the Sinking Fund and other resources are already drained.

• The pool accepts GoVBUSD deposits

• GoVBUSD can be locked for 1 week-4 years

• Deposit credit is given according to lock time

  • Allocation Points = GoVBUSD locked × lock duration in weeks

• The pool emits GoVBUSD rewards to depositors, which can be harvested anytime

• Deposit credit can be slashed (reduced) according to the hierarchy of Stabilization Mechanisms