GiBGT

Lenders can contribute to Goldilend's lending pool by locking iBGT on the platform. All locks are permanent and cannot be withdrawn. Lockers receive GiBGT representing their ownership of a portion of the Goldilend lending pool. This token has various utilities:

(i) The majority (initially 85%) of interest payments made through the platform are compounded back into the lending pool, thereby increasing the amount of iBGT backing each GiBGT token, and also increasing the size of the lending pool and the liquidity of the market.

(ii) GiBGT/iBGT liquidity will be incentivized via partner platforms to allow lenders to easily trade in and out of their GiBGT positions.

(iii) Goldilocks DAO may decide to partner with lending platforms to make it possible to use GiBGT as collateral, thereby allowing lenders to remain liquid and continue to enjoy the autocompounding increase in GiBGT valuations without exiting their position.

(iv) GiBGT can be staked. Any iBGT from the lending pool that is not being actively lent out will automatically be staked via Infrared, and the staking rewards will be sent to GiBGT stakers. This ensures that the minimum yield of assets in the lending pool is at least as great as the staking yield of iBGT.