Base Interest Guarantee (BIG)

{"id":"ALN1uTVYZdgS3eKQNOA1","title":"Base Interest Guarantee (BIG)","kind":"sheet","type":"document","urls":{"app":"https://app.gitbook.com/s/1PZgcBJJQo2ycNcagHTM/archive/base-interest-guarantee-big"},"path":"archive/base-interest-guarantee-big","slug":"base-interest-guarantee-big","createdAt":"2024-07-07T15:49:47.251Z","updatedAt":"2024-07-07T15:49:47.251Z","git":{"oid":"fbc99eee71615abbc05c6721b4a1da94813f9b3a","path":"archive/base-interest-guarantee-big.md"},"pages":[],"layout":{"width":"default","cover":true,"coverSize":"hero","title":true,"description":false,"tableOfContents":true,"outline":true,"pagination":true,"metadata":true},"hidden":true,"documentId":"Thmt42labN5Un6vBqhIs","cover":{"ref":{"kind":"file","file":"5sZclzzNOFNOEze64Iev"},"yPos":0},"document":{"object":"document","data":{"schemaVersion":9,"documentId":"gwJVRTmeWYAE6jOhR7PU"},"nodes":[{"object":"block","type":"paragraph","isVoid":false,"data":{},"nodes":[{"object":"text","leaves":[{"object":"leaf","text":"USD0++ is an enhanced T-Bill that allows users to benefit from the growth and success of the protocol. Unlike traditional models, USD0++ not only provides protocol revenues but also distributes ownership of the protocol through its innovative reward mechanisms. To ensure a minimum yield, USD0++ features a mechanism called Base Interest Guarantee (BIG).","marks":[]}],"key":"gdfyzxigh0y1"}],"key":"gTrHod9AwmFM"},{"object":"block","type":"heading-1","isVoid":false,"data":{},"nodes":[{"object":"text","leaves":[{"object":"leaf","text":"Base Interest Guarantee for Liquid Bond Holders","marks":[]}],"key":"djaZDN0KmbLY"}],"key":"bcDFcleeCKTd","meta":{"id":"base-interest-guarantee-for-liquid-bond-holders"}},{"object":"block","type":"paragraph","isVoid":false,"data":{},"nodes":[{"object":"text","leaves":[{"object":"leaf","text":"USD0++ holders benefit from an insurance mechanism that enables them to claim the native yield of the underlying asset under certain conditions. This insurance guarantees that, at a minimum, they will receive the yield of the RWA asset in the form of USD0. This yield is further boosted by the floating liquidity of non-locked USD0.","marks":[]}],"key":"8oO0mzzzV4X7"}],"key":"Bfxv7NgEaaMT"},{"object":"block","type":"heading-1","isVoid":false,"data":{},"nodes":[{"object":"text","leaves":[{"object":"leaf","text":"Eligibility","marks":[]}],"key":"11gfXpuY0FJE"}],"key":"Y9fC09AmAisX","meta":{"id":"eligibility"}},{"object":"block","type":"paragraph","isVoid":false,"data":{},"nodes":[{"object":"text","leaves":[{"object":"leaf","text":"USD0++ holders who wish to secure their yield must lock their USD0++ for a rolling period of 6 months. During this time, they cannot claim their yield in any form. If the user decides to unlock their USD0++ before the period ends, they forfeit access to the accumulated yield. At the end of the locking period, the user can choose between rewards in the form of $USUAL tokens or rewards in USD0 equivalent to the risk-free yield boosted by the floating liquidity.","marks":[]}],"key":"SMmV28D3BV8W"}],"key":"hGBoRGApDB9N"},{"object":"block","type":"heading-1","isVoid":false,"data":{},"nodes":[{"object":"text","leaves":[{"object":"leaf","text":"Example - USD0++ with 4 Years Maturity:","marks":[]}],"key":"GCj4m8avJkMo"}],"key":"6jtahjXpasP7","meta":{"id":"example-usd0-with-4-years-maturity"}},{"object":"block","type":"list-unordered","isVoid":false,"data":{},"nodes":[{"object":"block","type":"list-item","isVoid":false,"data":{},"nodes":[{"object":"block","type":"paragraph","isVoid":false,"data":{},"nodes":[{"object":"text","leaves":[{"object":"leaf","text":"Native USUAL Token Rewards:","marks":[{"object":"mark","type":"bold","data":{}}]},{"object":"leaf","text":" Typically, holders of the USD0 Liquid Bond Token, known as USD0++, receive rewards in the form of $USUAL tokens.","marks":[]}],"key":"ZdTnq37mO2fR"}],"key":"6dv6rz2wxqNq"}],"key":"TdXKKw1euzxE"},{"object":"block","type":"list-item","isVoid":false,"data":{},"nodes":[{"object":"block","type":"paragraph","isVoid":false,"data":{},"nodes":[{"object":"text","leaves":[{"object":"leaf","text":"Locking USD0++ and Its Rewards:","marks":[{"object":"mark","type":"bold","data":{}}]},{"object":"leaf","text":" USD0++ holders who wish to benefit from the Base Interest Guarantee (BIG) must lock their USD0++ for a period of 6 months. During this time, their USD0++ tokens are not liquid, and they do not receive any rewards. However, users can unlock their USD0++ at any time, but they will forfeit the accumulated rewards.","marks":[]}],"key":"U1ZITBAvMRmk"}],"key":"knuEDBxCAIIH"}],"key":"tZcjNtjldDOu"},{"object":"block","type":"list-item","isVoid":false,"data":{},"nodes":[{"object":"block","type":"paragraph","isVoid":false,"data":{},"nodes":[{"object":"text","leaves":[{"object":"leaf","text":"Native Yield Insurance:","marks":[{"object":"mark","type":"bold","data":{}}]},{"object":"leaf","text":" After the 6-month locking period, users have the option to claim their USD0++ yield either in $USUAL tokens or in USD0, which represents a risk-free yield directly from the treasury.","marks":[]}],"key":"ZXWSSHoJlrUb"}],"key":"u8U0wTu4ncvR"}],"key":"JALeDtxWwbzO"}],"key":"ecPxpZEKEM04"}],"key":"TTRbYTnZOYHf"}}