GuildSwaps: Farm
The Foundational Path
Introduction:
GuildSwaps Farm is a core PSU that forms the foundational mechanism for growing the 3 ecosystem. It allows users to directly exchange discounted, yield-generating derivative assets for the protocol's native assets: the currency, GUILD, and the governance token, 3Fi.
This is the primary, always-available path for onboarding value into the system, designed for users aligned with the long-term vision and governance of the protocol.
Core Mechanism: A Direct Value Exchange
You supply a whitelisted, discounted derivative asset (e.g., sdCRV).
The protocol values it at the full underlying asset price (e.g., the price of CRV).
In return, you receive 1 GUILD for every $1 of underlying value, plus a proportional allocation of 3Fi tokens.
User Benefits & Strategic Choice
Build a Foundational Position: Acquire GUILD at a fixed, favourable rate before it transitions to a free-floating market price in Stage 5.
Acquire Governance Power: The 3Fi tokens received provide direct governance rights, allowing you to influence capital allocation (e.g., directing bond sale revenue to specific Arbitrage Engines) and ecosystem development. Staking 3Fi also entitles you to a share of the ETH generated by the protocol's core treasury operations.
Path to Cash Flow: The GUILD received can be bonded into 3Bonds, transitioning your position from a currency holder to a creditor with a right to share in the protocol's surplus revenue distributed as ETH.
The Sustainable Choice: The Farm provides a reliable entry point regardless of market conditions for bond sales or arbitrage activity. It is the bedrock of the protocol's value accumulation.
Considering Your Options?
The Farm is designed for users seeking a long-term, aligned position in the ecosystem. If your priority is an immediate exit to a stable-coin, the GuildSwaps Arbitrage PSU may be a better fit, depending on market conditions and fee structures.
The Math: Transparent and Predictable
The exchange is governed by two clear rules:
GUILD received = Underlying asset value (in USD) 3Fi received = GUILD Issued multiplied by r(T)
Where r(T) is the allocation rate at the time of the transaction 'T'.
This rate is designed to decrease marginally as the total supply of GUILD grows, ensuring a fair and diminishing distribution of governance power over the long-term lifecycle of the protocol. The specific rate schedule is defined within the protocol's smart contracts.
This model ensures fairness and simplicity during the bootstrap phase, providing a clear and predictable outcome for users who contribute assets to build the protocol's treasury.
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