🔱GUILD
The Sovereign Currency of the 3 Ecosystem
Introduction:
GUILD is the native, stable currency of the 3 protocol. It is designed to function as the primary medium of exchange and unit of account within its sovereign financial system, underpinned by a treasury of real yield assets and guaranteed by the Settlement Pledge.
Core Function: A New Financial Primitive
GUILD is not a pegged stable-coin; it is a sovereign currency that derives its stability from a dual-engine system:
The Trust Engine: The Settlement Pledge guarantees a hard price floor, allowing any holder to exchange 1 GUILD for 1 crvUSD.
The Value Engine: The protocol's treasury of yield-generating assets provides the intrinsic, growing backing that supports the currency's long-term value.
The Journey of a GUILD Holder
Holding GUILD provides a pathway to increasing levels of participation and reward within the ecosystem:
As a Currency Holder
Spend & Transact: Use GUILD as a stable medium of exchange for services within the 3 ecosystem and integrated dApps.
Secure Savings: Hold GUILD with the confidence of the Settlement Pledge, knowing a 1:1 exit to crvUSD is always available.
As a Capital Provider (Creditor):
Bonding: Lock your GUILD to mint 3Bonds, transitioning from a user to a creditor of the system. This grants you a right to share in the protocol's surplus revenue (distributed as ETH) and, in Stage 4, earnings from the lending markets.
As a Governor:
While GUILD itself has light governance impact, it is the gateway to governance. The process of acquiring GUILD (e.g., via the GuildSwaps Farm) simultaneously distributes 3Fi tokens, which hold Core governance power.
Key Mechanics
Minting: New GUILD is minted when users exchange assets with the protocol via PSUs like the GuildSwaps Farm.
Settlement: GUILD can be burned in exchange for 1 crvUSD from the Settlement Contract, enforcing its price stability.
Fixed-Rate Issuance: During the bootstrap phase, the protocol mints 1 GUILD for every $1 of value it acquires.
GUILD is the lifeblood of the economy, designed to be a robust, reliable, and useful asset for all participants.
Token details.
Name: GUILD
Type: ERC20.
Hard Cap: None.
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