GOOD
GoodDollar is a non-profit initiative that uses popular yield-farming and staking to create and pay for a distributed basic income coin (G$). Through staking in protocols such as Compound, AAVE, DMM, and others, GoodDollar supporters earn market-rate yield-payouts in G$ while also funding GoodDollar’s G$ basic income coin. GoodDollar G$ is backed by a monetary reserve of cryptoassets: its value is derived from the interest generated by third-party permissionless protocols. Through the amassed reserve interest, G$ coins are minted: individual and corporate supporters receive market-rate yield-payouts in G$, and a daily amount is set aside to be distributed as basic income. At launch, DAI is the first supported cryptoasset in GoodDollar’s monetary reserve, and Compound is the first integrated protocol. Within the first week of launching, GoodDollar saw over 18,000 sign-ups from over 107 countries.
GOOD
GoodDollar is a non-profit initiative that uses popular yield-farming and staking to create and pay for a distributed basic income coin (G$). Through staking in protocols such as Compound, AAVE, DMM, and others, GoodDollar supporters earn market-rate yield-payouts in G$ while also funding GoodDollar’s G$ basic income coin. GoodDollar G$ is backed by a monetary reserve of cryptoassets: its value is derived from the interest generated by third-party permissionless protocols. Through the amassed reserve interest, G$ coins are minted: individual and corporate supporters receive market-rate yield-payouts in G$, and a daily amount is set aside to be distributed as basic income. At launch, DAI is the first supported cryptoasset in GoodDollar’s monetary reserve, and Compound is the first integrated protocol. Within the first week of launching, GoodDollar saw over 18,000 sign-ups from over 107 countries.