GoDAO Platform's Token

Detailed Feature Flow

1. Token Creation and Configuration

• Deploy the Platform Token (PTKN)

  • Follows OlympusDAO model: overcollateralized, protocol-owned liquidity, and rebasing/staking options.

  • Backed by stablecoin or reserve assets (e.g., DAI, ETH, USDC).

• Set Up Treasury

  • Treasury holds reserves and controls mint/burn of PTKN.

  • Policies for inflows (e.g., bond sales, swaps) and outflows (redemptions, staking rewards).

2. Debt Collection and Conversion

• Debt Assessment

  • Snapshot outstanding debts/losses from users of the lending platform.

  • Calculate individual user entitlements.

• Debt Tokenization

  • Issue Vested PTKN (a non-transferable vesting token) to affected users, 1:1 or according to an agreed ratio reflecting the lost value.

  • Vested tokens represent a claim to future PTKN redemption.

3. Vesting and Redemption Mechanics

• Vesting Contract

  • Manages release schedule for users (e.g., linear vesting over N months, with optional cliff).

  • Option: Allow for early redemption with a penalty or market discount.

• Redemption Flow

  • Users can claim actual PTKN gradually as it vests.

  • Claimed PTKN can be:

    • Staked: to earn rebase rewards.

    • Sold/Burned: for reserves/protocol-owned liquidity, subject to market conditions.

4. OlympusDAO-Style Price Anchoring

• Bonding Mechanism

  • Users or new participants can purchase discounted PTKN by depositing accepted reserve assets, growing the treasury.

  • Maintains treasury backing for every PTKN.

• Staking and Rebasing

  • Holders can stake PTKN, earning yield via protocol growth (similar to OlympusDAO APY).

  • Rebasing emissions increase staked balances proportionally.

• Backing per Token

  • Each PTKN is transparently backed by a basket (e.g., 1 PTKN at least worth $1 in reserves).

5. User Portal (Frontend Features)

• Debt Overview

  • Dashboard showing users’ original losses and vesting schedule.

• Claim Interface

  • Claim vested PTKN or check redemption status.

• Staking Interface

  • Stake/unstake PTKN, view APY, and claim staking rewards.

• Market Info

  • Display token backing, treasury status, vesting progress.

Step	Description	User Action
Onboard	Connect wallet, view debt	View/confirm snapshot
Conversion	Accept vesting terms	Approve/receive vesting
Vesting Period	Wait for tokens to become available	Monitor dashboard
Claim & Redemption	Claim vested tokens as they unlock	Claim PTKN, stake/sell
Ecosystem Usage	Stake, sell, or use PTKN as desired	Use platform features

Additional Considerations

• Governance: Add voting rights to PTKN for protocol changes and oversight.

• Transparency: Publish audits, provide real-time backing/assets tracker.

• Liquidity and Market Making: Seed liquidity pools for PTKN on DEXes; protocol-owned liquidity recommended.

• Oracle or Pricing: Ensure robust pricing for protocol operations and user trust.

Summary of Key Points

• Old debts are replaced by time-locked, vesting tokens tied to a new, treasury-backed platform token.

• OlympusDAO-like system (bonding, staking, rebasing) helps maintain price backing and incentivize holding.

• User experience revolves around transparency, phased claims, and potential long-term upside as the ecosystem recovers.

Feature Flow: Compensation Solution Using GD Token (OlympusDAO Mechanism)

Simple Explanation

After the lending platform lost liquidity, users will be compensated by:

• Creating a new token called GD—using mechanisms inspired by OlympusDAO to stabilize and back its value.

• Users’ outstanding debts will be converted into a vesting version of GD.

• Users can claim their GD over time as it becomes redeemable, with potential to earn additional rewards by staking.

Detailed Feature Flow

1. Token Creation and Setup

• Deploy the GD Token

  • Token symbol: GD

  • Follows OlympusDAO principles: backed by a treasury of reserve assets (e.g., USDC, ETH), and includes staking/rebasing features.

• Treasury Initialization

  • Setup treasury contract to custody reserves and control minting/burning of GD.

  • Establish policies for bond sales, redemptions, and asset management.

2. Debt Conversion Process

• Snapshot & Assessment

  • Record all users with unresolved debts from the lending platform and calculate their owed amounts.

• Debt-to-GD Vesting

  • Issue Vested GD (vgd) tokens to each affected user, representing their share of the lost funds.

  • vgd is non-transferable and unlocks gradually (e.g., linear vesting over 12–36 months).

3. Vesting & Redemption Mechanics

• Vesting Contract

  • Enforces individual vesting schedules—users can claim unlocked GD periodically.

  • Optionally, allow for early redemption with a discount or fee.

• Claiming and Redemption

  • As GD vests, users can claim real, tradable GD tokens to their wallet.

  • Once claimed, GD can be:

    • Staked to earn rebase/APY rewards.

    • Traded/sold on external or protocol-owned liquidity pools.

4. GD Price Anchoring (OlympusDAO Mechanics)

• Bonding Module

  • Users purchase discounted GD by depositing reserve assets, increasing protocol treasury.

• Staking and Rebasing

  • Stakers lock up GD and receive rebasing rewards, growing their balance as protocol value increases.

• Reserve Backing

  • Each GD is transparently backed by a minimum amount of reserve assets—protocol maintains a real-time backing per GD metric.

5. User Portal Features

• Debt Dashboard

  • Shows original losses, vgd balance, and vesting schedule.

• Claim & Redemption Interface

  • Enables users to claim available GD as their vgd unlocks.

• Staking Module

  • Stake/unstake GD, view APY, and claim staking rewards.

• Transparency Tools

  • Real-time display of GD token price, treasury reserves, and vesting progress.

Step	Description	User Action
Onboard	Connect wallet, view lost debt	Review snapshot
Conversion	Accept vesting agreement, receive vgd	Approve & confirm
Vesting Period	See vesting schedule, track unlocks	Monitor dashboard
Claim & Redemption	Claim GD as it unlocks	Claim, stake, or sell
Ecosystem Usage	Interact with the protocol: stake or trade GD	Use platform features

Additional Considerations

• Governance: GD holders vote on protocol decisions and treasury management.

• Transparency: Regular audits, live tracking of reserves and token metrics.

• Liquidity: Protocol provides GD liquidity on DEXs (e.g., Uniswap), ideally via protocol-owned liquidity.

• Security: Multisig or decentralized control over treasury and contracts.

Summary of Key Points

• Debts converted to vesting GD (vgd), redeemable over time as the protocol accrues value.

• GD follows OlympusDAO-style treasury backing, staking, and rebasing, supporting both recovery and upside.

• Full user dashboard and engagement tools provided for transparency and compensation process.