Galaxy Goggle DAO is a decentralized reserve currency protocol based on the GG token. Each GG token is backed by a basket of assets (e.g. BUSD, BNB) in the collateral pool, giving it an intrinsic value that it cannot fall below. GGDAO also introduces economic and game-theoretic dynamics into the market through staking and minting.Staking is the primary value accrual strategy of GGDAO. Stakers stake their GG tokens on the GGDAO Website to earn rebase rewards. The rebase rewards come from the proceeds from mint sales, and can vary based on the number of GG staked in the protocol and the reward rate set by monetary policy.Minting is the secondary value accrual strategy of GGDAO. It allows GGDAO to acquire its own liquidity and other reserve assets such as BUSD by issuing GG at a discount in exchange for these assets. The protocol quotes the minter with terms such as the mint price, the amount of GG tokens entitled to the minter, and the vesting term. The minter can claim some of the rewards (GG tokens) as they vest, and at the end of the vesting term, the full amount will be claimable.

GalaxyGoggle

Galaxy Goggle DAO is a decentralized reserve currency protocol based on the GG token

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