Treasury floor

Reserves

USDG, Stock Tokens and settled legs held by the Treasury from fees and bonds.

Floor and redemption

Burn BERRIER to receive its share of reserves. Total redemptions are capped at 1.5% of reserves per day.

Worked example

Reserves 3,000,000 USDG, supply 30,000,000: floor 0.10. Daily capacity 45,000 USDG.

Why a cap

The cap stops a run from draining reserves in one block and gives the buyback time to respond.

Reserve flows