Policy

GGDAO features policy constants that allow us to optimize the system.

Mints

Every time a user mints GG at the GGDAO site, he is actually purchasing a bond. These Bonds have different parameters.

The BCV allows us to scale the rate at which mint premiums increase. A higher BCV means a lower discount for minters and more protocol profit. A lower BCV means a higher discount for minters and less protocol profit.

The vesting term determines how long it takes for mints to become fully redeemable. A longer term means lower inflation and lower mint demand.

Sales

The DCV allows us to scale protocol buy pressure up or down. A higher DCV means more buy pressure and higher deflation. A lower DCV means less buy pressure and a weaker floor.

Collateral pool

Profit Allocations are the only collateral pool variable. This allows us to choose who receives profits from the protocol.

Staking

There are no variables in the staking contract. GG and sGG are always redeemable 1:1, and profits are always distributed equally through rebase.