Timeframe: Minimum 7 days

Format: Governance Forum Post labelled "RFC - [Your Title]"

Purpose: Community discussion and feedback

The first phase of the governance process is meant to allow the Goldilocks community an opportunity to understand a proposal, comment, and ask questions about a particular proposal.

When posting a RFC to the Governance Forum, you need to label it as “RFC - [Your Title Here]”. The post must be up for 7 days at a minimum to allow the community time to process it, read and ask questions or provide feedback on the RFC.

Before moving on to Phase 2, please ensure to answer any questions in the comments, and take all feedback into consideration prior to the next iteration of the proposal.

What is Goldilocks?

Goldilocks is a DAO committed to developing custom defi infrastructure for Berachain.

Nah really, what is it?

Goldilocks DAO initially comprises three core components:

(i) : A novel AMM that governs the supply, price and behavior of LOCKS, the DAO's governance token.

(ii) : An NFT lending platform built specifically forbluechip Berachain NFTs.

(iii) : Vaults that tokenise the future yield of yield bearing positions in Berachain's defi ecosystem, thereby allowing users to trade and speculate on the value of that yield.

Goldilend is a fixed-term NFT lending protocol on Berachain developed by Goldilocks DAO. The platform enables users to deposit HONEY tokens into lending pools and receive gHONEY (Goldilend HONEY) receipt tokens, which can be staked to earn BGT rewards. Borrowers can obtain fixed-term HONEY loans by using Bong Bears (and rebases) as collateral.

The platform's main objectives are: (i) To create a robust, secure, and highly liquid lending market for Berachain's flagship NFT collection. (ii) To offer attractive and sustainable BGT yields for gHONEY stakers and lenders. (iii) To develop an economic mechanism that reflects and capitalizes on the locked backing nature of the Bong Bears and their rebases.

Goldilocks' yield splitting vaults enable users to trade the future earnings of yield bearing positions on Berachain's bluechip defi protocols and native infrastructure. Users can deposit assets into a yield splitting vault and the vault will automatically use the assets to create yield bearing positions on supported platforms. The user will receive:

(i) Ownership tokens representing ownership of the deposited assets

(ii) Yield tokens representing ownership of the yield that those assets generate over the remaining lifetime of the vault

The user is then able to trade those tokens, thereby immediately unlocking the liquidity of the future yield generated by their assets, and facilitating speculation on the value of that yield.

At the heart of the Goldilocks project are the LOCKS governance token and the bespoke AMM, called `Goldiswap’, that governs its behaviour. Goldiswap is distinguished by a few key innovations and advantages. Most importantly, it

(i) Allows users to borrow a significant portion of the liquidity of their tokens at any time without interest payments, risk of liquidation, price impact or relying on third parties.

(ii) Creates an up only floor price for all tokens that trade on the AMM.

To see how Goldiswap achieves this, note first that it contains two basic liquidity pools, the floor supporting liquidity pool (FSL) and the price supporting liquidity pool (PSL). Both pools are comprised entirely of HONEY, Berachain's native (fully collateralized) stablecoin. Using these pools,Goldiswap has the ability to burn and mint LOCKS through the following basic mechanisms:

(i) Firstly, a user can always redeem LOCKS tokens in exchange for a proportional share of the FSL. More precisely, if S is the total supply of LOCKS, then Goldiswap allows a user to redeem 1 LOCKS token for a quantity of HONEY equal to FSL/S. We call FSL/S the `floor price’ of LOCKS, since it represents a minimum price for which a LOCKS token can always be redeemed via Goldiswap. Upon redemption, Goldiswap burns all the redeemed LOCKS tokens, ensuring that redemption can never lower the floor price of the remaining tokens.

(ii) As well as redeeming LOCKS for the floor price, users can also sell LOCKS to Goldiswap at the market price, which will always be greater than the floor price. In that case, they will burn their tokens in exchange for a proportional share of the FSL as well as some amount of the PSL (see the page for a description of how the market price is determined by Goldiswap).

(iii) Finally, users can buy LOCKS from Goldiswap by paying the market price (never less than the floor price), in exchange for which the protocol mints them the appropriate number of LOCKS tokens.

Step 1: Get LBGT

• Get LBGT on Berahub.

Step 2: Zap into the Vault

Go to the:

• Click the Liquidity tab

• Choose your zap input: LBGT or stLBGT

• Enter the amount

• Click Zap Liquidity and confirm the transaction

Step 3: Approve the transaction and confirm

• Approve tx and confirm in wallet

Before starting, you'll need:

1. iBGT - The base token you'll need for both depositing and swapping.

2. oriBGT - You'll get this by swapping some iBGT on Origami Finance.

3. oriBGT-OT - You can ONLY get this by depositing iBGT in the Goldivault first.

Step 1: Get LBGT on .

Step 2: Stake your LBGT on

Governance Overview

Foundation Principles

Goldilocks operates on a decentralized governance model where staked LOCKS have the primary decision-making power through a structured proposal and voting system. The initial governance is bootstrapped by a community-elected multisig group to ensure operational stability.

Voting Power and Delegation

Only staked LOCKS holders have their voting rights for participating in governance:

• Users can delegate their voting weight to another delegate

• Delegation does not lock tokens but assigns voting weight to the chosen delegate

• Required threshold for submitting proposals: 5M staked LOCKS

• Quorum requirement: 50M staked LOCKS

The Multisig Signatories will have the authority to execute transactions from the Treasury Multisig Wallet within their scope including all approved operational transactions, Goldilocks Governance Proposals (GGPs) and is to be established via GGP 1.

Constraints will be placed on the Multisig Signatories delegations to ensure they are not able to move and execute transactions more than 10% of the treasury value in a month without approval via the relevant governance proposals.

Initial Multisig Formation

• Preselected members will serve as multisig signatories

• 6-month term length for each member

• 4-of-7 signature requirement for execution

• After initial 6-month term governance proposals can be submitted to change composition of multisig members as required

Multisig Responsibilities

• Execute passed governance proposals

• Emergency response (with community ratification within 72 hours)

• Operational transactions approved by governance

• Monthly activity reporting to the community

Multisig Member Requirements

• Maintain active community participation

• Attend governance calls as required

• Cannot miss more than 3 signature requests without notice

• Proposal Framework

Phase 1: Request for Comment (RFC)

The purpose of the Request for Comment is to allow the community time to digest a proposal, comment, and ask questions about a particular proposal.

• Timeframe: Minimum 7 days

• Format: Governance Forum Post labelled "RFC - [Title]"

• Purpose: Community discussion and feedback

• Requirements:

  • Clear proposal description

  • Impact analysis

  • Implementation details

Phase 2: Governance Proposal

Phase 2 is the final step of the governance process. If this vote passes, then a change will be enacted on-chain.

• Timeframe: Total 11 days

• 2 day waiting period

• 7 day voting period

• 2 day timelock

Note that the governance contracts can be called at any time meeting the on chain requirements, it is the best practice that proposals follow the 2 phase process where they are not a simple contract call execution.

Voting Interfaces

Official voting can be conducted through:

• channel in discord for discussion and RFC phase

Process Modifications

Changes to this governance process require:

• Full three-phase process completion

• 7-day voting period

• 50M staked LOCKS quorum requirement

• 5M staked LOCKS delegation requirement

GGPs are intended to be the primary vehicle for proposing new features, collecting community feedback on large scale issues and for the documentation of all changes made to Goldilocks.

Standard proposals for:

• Protocol improvements

• Feature additions

• Parameter changes

• Governance updates

• Multisig member elections

Recommendations for Proposals

• Clear and complete description

• Implementation specifications

• Community benefit analysis

• Risk assessment

It is highly recommended that a single GGP is concentrated on a single key proposal or new idea. This gives the proposal its best chance for success, as it prevents conflating ideas and allows a single point of focus for voters from the Goldilocks Community.

Summary

The Goldilocks DAO Governance Charter will introduce the framework for the governance structure on how the DAO will operate to ensure it remains in line with decentralization.

The charter provides clear guidance to the Goldilocks community when it comes to introducing changes or ideas to Goldilocks DAO and the process for presenting new proposals for community voting.

Goldilocks DAO will appoint a Strategy Consultant to act as the principal executive officer and an Operational Lead to oversee the organisation's technological direction, who will be the Goldilocks Core Contributor Team known as “The 2 Beras”.

Abstract

To remain decentralized Goldilocks will need to implement a governance framework for staked LOCKS holders and this model, as used by Uniswap, has proven to be successful in the management of suggestions and proposals of change.

Specification

What is the Goldilocks DAO Governance Charter?

The will set out the framework on how Goldilocks DAO will operate on a decentralized governance model, where staked LOCKS have the primary decision-making power through a structured proposal and voting system.

The initial governance will be bootstrapped by a community-elected multisig group to ensure operational stability.

Who are “The 2 Beras”?

Goldilocks DAO will appoint a Strategy Consultant (SC) and an Operational Lead (OL), who together will play a critical role in overseeing the day-to-day operations of the DAO. setting the overall direction and priorities ensuring its success and profitability, whilst ensuring that they are following the Code of Conduct and modelling behaviours set out in the Goldilocks Values as set out in the .

The SC will act as the principal executive officer of Goldilocks DAO, responsible for the overall management, direction, and operation of the business in accordance with the strategic plan and policies and proposals approved by the Goldilocks community.

The nominated person to perform the role of SC will be Ampnoob, who already plays an active and critical role in the development and management of Goldilocks DAO.

The OL will oversee the organisation's technological direction, including its information technology (IT) strategy, innovation, and development of new technologies, aligning them with the company's strategic goals and operational needs.

The nominated person to perform the role of OL will be Geeb, who already plays an active and critical role in the development and management of Goldilocks DAO.

The SC and OL general responsibilities and scope of work are outlined in the below document:

Delegated Approvals

The 2 Beras (SC and OL) will be given roles based authority for spend limits within their scope including standard operating costs up to the amount of $420,000 USD per year from the Treasury.

The SC will be able to make recommendations to the multisig regarding use of token emissions for LP incentives and bonds.

The SC will be able to make recommendations in line with the porridge emissions schedule and if transactions are requested that deviates from the schedule, the SC will need to seek approval from the Community.

Mutlisig Structure

The Multisig Signatories (MS) will initially be 7 pre-selected members who will serve a 6-month Epoch. The MS will have the authority to execute transactions from the within their scope including all approved operational transactions and Goldilocks Governance Proposals (GGPs).

Constraints will be placed on the MS delegations to ensure they are not able to move and execute transactions more than 10% of the treasury value in a month without approval via the relevant governance proposals.

The initial MS group consists of Ampnoob, 0xGeeb, Lezbrahh, ServiceDAO, Jani (THJ), Raito (Infrared) and Beartic (Kodiak).

Goldilocks Governance Proposals (GGPs)

GGPs are intended to be the primary vehicle for proposing new features, collecting community feedback on large scale issues and for the documentation of all changes made to Goldilocks. The governance process is completed in 2 separate phases to ensure any legitimate proposals have met the minimum criteria set and have the support of the Goldilocks community before being put forward for voting.

Only staked LOCKS holders have their voting rights for participating in Goldilocks governance.

Epoch & Remuneration

The SC and OL follow a 12-month Epoch length, and will each be compensated with 10,000 $USD per month payable at the end of each month in token amounts equal to this.

Goldilocks DAO will appoint a Strategy Consultant and an Operational Lead , who will be the Goldilocks Core Contributor Team known as “The 2 Beras”.

The 2 Beras together will play a critical role in overseeing the day-to-day operations of the DAO, setting the overall direction and priorities ensuring its success and profitability, whilst ensuring that they are following the Code of Conduct and modelling behaviours set out in the Goldilocks Values set out in the Charter.

The 2 roles will be given roles based authority for spend limits on standard operating costs and will be able to make recommendations to the multisig regarding use of token emissions for LP incentives and bonds.

Both the governance model and the appointment of the 2 Beras setout in the Goldilocks DAO Governance Charter will be established in GGP 1. This proposal aims to bootstrap the initial setup and governance charter that will carry forward with future proposals. Once the proposal has been submitted it will go straight to community voting.

Summary

Goldilend is a fixed-term, fixed-rate NFT lending protocol developed by Goldilocks DAO, designed to drive sustainable revenue for the DAO while expanding DeFi utility for ecosystem NFTs. It allows holders of asset-backed NFTs to borrow against the NFTs’ underlying value.

Loans are issued based on the value of the underlying assets and use a time-based liquidation model: if a loan is not repaid by expiry, the collateral is liquidated via auction.

This proposal seeks DAO approval to deploy Goldilend with initial support for Bong Bear NFTs and the official rebase collections (Bond Bears, Boo Bears, Baby Bears, Band Bears, and Bit Bears).

Abstract

Goldilend introduces a novel NFT lending primitive purpose-built for asset-backed NFTs within the Berachain ecosystem. Instead of relying on floor prices, Goldilend issues loans based on quantifiable underlying value, specifically, the vesting BERA airdrop allocations tied to Bong Bears and rebase NFTs.

Borrowers receive fixed-term, fixed-rate loans in HONEY, and must repay by expiry. If unpaid, collateral is liquidated via auction using a time-based enforcement model, avoiding price-triggered liquidations entirely.

HONEY liquidity is incentivized through a Berachain Reward Vault, using Goldilocks’ Berachain RFA allocation. Over time, these incentives are recouped from borrower interest payments, forming a sustainable incentive loop.

The resulting net interest income flows to the Goldilocks DAO treasury, contributing to the backing of LOCKS tokens and reinforcing long-term protocol sustainability.

Specification

Core Mechanics

• Goldilend enables fixed-term, fixed-rate loans issued against the underlying asset value of supported NFTs.

• Supported collateral: Bong Bear NFTs and official rebase collections (Bond Bears, Boo Bears, Baby Bears, Band Bears, and Bit Bears).

• Borrow currency: HONEY

• Time-based liquidations only - there are no price-based triggers.

Revenue, Income & Incentives

• HONEY liquidity providers are incentivized through the Goldilend Reward Vault, funded via Goldilocks DAO’s Berachain RFA allocation.

• The Berachain RFA Allocation is used to bootstrap liquidity and the incentives paid out are recouped over time from interest paid by borrowers, forming a self-sustaining incentive loop

• Net Interest Income is split as follows:

If the LOCKS market price is less than 30% above the floor price:

All net interest income is used to purchase LOCKS tokens through the Goldilocks AMM. These LOCKS tokens are then used as collateral to borrow HONEY at the floor price. From the borrowed HONEY, 10% is deposited into the Insurance Fund, and the remaining 90% is sent to the DAO Treasury held in line with treasury strategy driving value to LOCKS holders and supporting LOCKS token backing.

If the LOCKS market price is more than 30% above the floor price: Net interest income is split directly: 10% goes to the Insurance Fund, and 90% is deposited into the DAO Treasury held in line with treasury strategy driving value to LOCKS holders and supporting LOCKS token backing.

Liquidation & Risk Management

• If a loan is unpaid at expiry, the collateral NFT is automatically auctioned to recover the loan value.

• If the auction fails, the NFT is transferred to the DAO multisig, to manually liquidate and the proceeds are used towards the unpaid debt, topped up from the Insurance Fund if required.

• All users will be clearly informed of risks via appropriate disclaimers.

• Interest owed is included in LTV calculations and deducted upfront to reduce the risk of under-collateralization.

Goldilocks Governance & Oversight

• Any changes to key lending parameters (LTVs, durations, utilization caps) require DAO governance approval.

• Changes to Goldilend or the approval of additional NFT collections must also be approved by governance.

• During early stages, interest rate strategy will be actively managed by the team multisig for responsiveness and control.

Rationale

Goldilend supports Goldilocks DAO’s mission to build custom DeFi infrastructure for Berachain while delivering sustainable value to LOCKS holders. The initial focus on Bong Bears and official rebase NFTs ensures alignment with the core ecosystem, leveraging NFTs with clearly defined, on-chain asset backing in the form of vesting BERA airdrop allocations.

Liquidity incentives are bootstrapped using the DAO’s Berachain RFA allocation, and are recouped from borrower interest over time creating a sustainable incentive mechanism. All net interest income flows back to the DAO treasury, directly contributing to the economic backing of LOCKS tokens and reinforcing long-term protocol sustainability.

Request for Comment

In line with the Goldilocks DAO Governance Charter, the purpose of the Request for Comment is to allow the community time to digest this proposal, provide feedback, and ask questions. The Request for Comment phase will last for a minimum of 7 days, after which, subject to the finalisation of the audit, the Governance Proposal will go to a vote and, if successful, initialise the Goldilend contracts.

Summary

This proposal seeks to update the composition of the Multisig Signatories (MS) for the Treasury Multisig Wallet and any additional operational wallets managed by Goldilocks DAO. The changes are necessary due to personnel changes and to implement a rotation system that ensures better operational efficiency when processing transactions.

The proposal maintains the 4-of-7 signature requirement while updating the signatory roster to reflect current active contributors and improve response times for transaction execution.

Abstract

Effective multisig management requires effective policy with active and responsive signatories. Due to personnel changes and the need for improved transaction processing efficiency, this proposal updates the current multisig composition and policy wording. The new structure will:

• Replace inactive or departing signatories with active community members

• Maintain decentralization while improving operational efficiency

• Improve the policy statement for delegated authority around spending limits

Specification

Current Multisig Composition

The current multisig signatories as established in GGP-1 are:

1. Ampnoob

2. 0xGeeb

3. Lezbrahh

4. ServiceDAO

Current Policy Statement “Constraints will be placed on the MS delegations to ensure they are not able to move and execute transactions more than 10% of the treasury value in a month without approval via the relevant governance proposals.”

Proposed Changes - Signatories

Signatories to be removed:

• Lezbrahh

• Ratio (Infrared)

• Beatic (Kodiak)

New signatories to be added:

• JDP

• Alma

• DeFi Ted

Final proposed multisig composition:

1. Ampnoob

2. 0xGeeb

3. DeFi Ted

4. Alma

Proposed Changes - Policies

Suggested update to policy statement wording “Multisignatories that are delegated a spending authority will not be delegated more than 10% of the treasury operations funds for management of expenses and costs of operations on a per month basis”

Implementation Timeline

• Upon proposal passing: New signatories will be onboarded

• Within 48 hours: Transaction to update Safe multisig signatories will be prepared

• Within 72 hours: Execution of signer changes on all affected wallets

Wallets

1. Treasury Multisig Wallet Address: 0x4B7AF9a868fd9Cd55EDFc8E1402a545aDA1e31c6 Current threshold: 4 of 7 Proposed threshold: 4 of 7 (unchanged)

2. Operations Multisig Wallet Address: 0xf5960b86048893bD25766c16aB6Da1aC628D97EE Current threshold: 4 of 7 Proposed threshold: 4 of 7 (unchanged)

3. RFA Multisig Wallet Address: 0x3B0efb9E4165C56d5b1E8849b38426E1B5615593 Current threshold: 4 of 7 Proposed threshold: 4 of 7

Rationale

Inline with the Goldilocks DAO Governance charter, after an initial 6-month term governance proposals can be submitted to change composition of multisig members as required. With departing members on the multisig it's an opportunity to rotate some of the initial signers to those that can be more active in their participation and include coverage across all time zones. We thank all the signers for their contributions during the initial launch period.

The policy that defines the 10% of treasury transaction limit rule needs redefining as it relates to delegated approval amounts for execution outside of the multisig 4 of 7 where an individual signer is delegated a spending limit, namely to execute transaction for payments related to operational expenses.

GGP-3: Update Prior to Vote

Context Following a review during the RFC stage, it was identified that the Governance Contract had a shorter waiting and voting period applied in previous proposals than what was stated in the governance documentation. To ensure full alignment between the Governance Contract and the documented Governance Process, the following clarifications and adjustments are being added to GGP-3 before it proceeds to vote.

Governance Contract Parameters

The Governance Contract will be updated to: Confirm a 2-day Waiting Period (as per the existing process), and Adjust the Voting Period from 7 days to 5 days to reflect a technical limitation within the current voting contract (maximum ~5.6 days).

Governance Process Updates

GGP-3 will also modify the relevant sections of the Governance Process documentation as follows:

Phase 2: Governance Proposal

From:

Timeframe: Total 11 days

2-day Waiting Period

7-day Voting Period

2-day Timelock

To:

Timeframe: Total 9 days

2-day Waiting Period

5-day Voting Period

2-day Timelock

Under “Process Modifications”

From:

Changes to this governance process require:

Full three-phase process completion

7-day Voting Period

To:

Changes to this governance process require:

Full two-phase process completion

5-day Voting Period

Ratification of Previous Proposals

GGP-3 will also formally ratify all previously executed proposals that were processed using the shorter timeframes, ensuring they remain valid and consistent under the updated parameters.

Summary

This update to GGP-3:

• Aligns on-chain governance parameters with documented process

• Reflects the 5-day limit imposed by the current voting contract

• Updates the wording of the modification process to reflect the two phases

• Ratifies earlier proposals executed under shorter timeframes.

At Goldilocks, it's important to uphold high ethical standards and ensure that your actions align with the principles of the community.

Core Principles

• Transparency

• Accountability

• Respect

• Fairness

• Confidentiality

• Integrity

Standards

• Be open and honest about actions and intentions

• Disclose any conflicts of interest

• Take responsibility for decisions

• Treat others with respect and dignity

Our Team is committed to 8 core values.

Trust

• Environment of honesty and transparency

• Own our mistakes and learning

Open Communication

• Value tough conversations as learning opportunities

• Listen actively to feedback

• Responsible communication

Accountable Freedom

• Empowered decision-making within roles

• Quality delivery with flexibility

Respect

• Accept differences

• Consider impact of choices

• Learn from mistakes

Self-awareness

• Continuous self-evaluation

• Distinguish fact from opinion

• Embrace learning opportunities

Positive Default

• Assume best intentions

• Work effectively with limited information

Integrity above all else

• DAO-first decision making

• Clear reasoning and communication

Fun

• Maintain positive energy and Foster an engaging environment

• Balance professionalism with enjoyment

• Foster an engaging environment

Core Contributor Team

The Goldilocks will appoint a Core Contributor Team known as “The 2 Beras” consisting of the Strategy Consultant and Operational Lead to be established via GGP 1.

The 2 Beras will play a critical role in overseeing the day-to-day operations of the DAO, setting the overall direction and priorities ensuring its success and profitability, whilst ensuring that they are following the Code of Conduct and modelling behaviours set out in the Goldilocks Values detailed in the Goldilocks DAO Governance Charter .

Goldilocks is custom DeFi infrastructure that's "just right" built on Berachain. It's for people who want more control over earning, governing, and growing onchain. The ecosystem is governed by a Decentralized Autonomous Organization (DAO) that enables community-driven decision-making.

Core Products Overview

Goldilocks DAO consists of three core products:

1. Goldiswap

A custom Automated Market Maker (AMM) where users can buy, stake, borrow against, and redeem LOCKS tokens. Unlike traditional AMMs, Goldiswap guarantees a minimum price (floor price) for LOCKS and enables interest-free, unliquidatable borrowing. It's the primary entry point into the Goldilocks ecosystem.

2. Goldivaults

Specialized smart contracts that let users split, trade, and speculate on the future yield of yield-bearing assets in the Berachain ecosystem. They introduce new financial primitives for managing yield strategies.

3. Goldilend (coming soon)

An NFT lending protocol governed by the DAO. It allows the community to decide which collections are accepted and to set borrowing terms, creating a marketplace for NFT-backed loans tailored to Berachain native assets.

At the center of it all is LOCKS, the governance token that powers everything from staking to minting to borrowing. More on LOCKS below.

General Responsibilities

• The OL shall oversee the DAO's technological direction, including its information technology (IT) strategy, innovation, and development of new technologies, aligning them with the DAO's strategic goals and operational needs.

• The OL is responsible for leading the DAO’s technological development and ensuring the implementation of appropriate and up-to-date technology to enhance operational efficiency and product innovation.

• The OL shall collaborate closely with the Operational Lead and other core contributors and contractors, to integrate technological strategies with the Communities broader goals.

• The OL is tasked with identifying emerging technology trends and ensuring the DAO remains at the forefront of innovation within its industry, safeguarding its competitive edge.

• The OL follows a 12-month Epoch, and will be compensated with 10,000 $USD per month payable at the end of each month in token amounts equal to this.

The OL will be an elected individual who serves throughout an Epoch to be established via .

Scope of Work

The specific responsibilities of the OL include, but are not limited to:

• Developing and implementing a technological vision and strategy that aligns with the DAO's strategic goals and meets the needs of its customers and users.

• Leading the research, evaluation, and adoption of emerging technologies that can provide the DAO with a significant competitive advantage.

• Overseeing the development and delivery of technology services and solutions across the DAO, ensuring they meet quality, cost, and timeline targets.

• Managing the technology team, including hiring, training, and professional development, to build a high-performing team capable of executing the technology strategy.

The duties and responsibilities outlined in the scope of work define the core work of the OL and are subject to review, refinement, or expansion based on the DAO's evolving technological needs, industry trends, and by mutual agreement between the OL and the SC or DAO.

Timeframe: Minimum 7 days

Format: Full three-phase process completion

Quorum: 50M staked LOCKS

Delegation: Proposer needs 5M staked LOCKS delegated

In the future, the governance process above may require additional modifications made to ensure it continues to meet the needs of the Goldilocks community. While it is not required to hold an on-chain vote to change the majority of this process, there must be a clear display of community support and acceptance for any process changes to have legitimacy.

Therefore, changes to all off-chain community governance processes should be voted on through the Goldilocks Governance Portal. There should be a 7 day voting period, at least reach Quorum of 50M staked LOCKS and the proposer must have at least 5M staked LOCKS delegated to their address in order to formally put forward a proposal for changing the governance process.

What is Goldilocks Governance?

Goldilocks Governance is intended to be the primary vehicle for proposing any new features, collecting community feedback on large scale issues and for the documentation of all changes made to Goldilocks DAO in line with the Goldilocks DAO Governance Charter .

Goldilocks Governance framework has been designed to be completed in 2 separate phases to ensure any legitimate proposals have met the minimum criteria set and has the support of the Goldilocks community before being put forward as Goldilocks Governance Proposal (GGP).

This “how to guide” will provide an overview of the new governance process and will provide a clear guide on how to submit a GGP for the Goldilocks community.

General Responsibilities

• The SC shall serve as the principal executive officer of the DAO, responsible for the overall management, direction, and operation of the business in accordance with the strategic plan and policies and proposals approved by the “Goldilocks Community” and actioned where needed by the Goldilocks Foundation Director.

• A SC shall not, without prior community approval, enter into any agreements or make commitments that may bind the DAO financially or legally beyond a threshold amount as specified by governance from the “Goldilocks Community”.

• The SC is authorised to hire, manage and terminate contributors or contractors within the DAO's approved operational budget, ensuring the recruitment of personnel service providers with the skills and experience necessary for the advancement of the “Foundation’s” objectives.

• The SC shall regularly review the DAO’s operational performance against strategic goals and objectives, providing timely reports and updates to the “Goldilocks Community” and Goldilocks Foundation Director.

• The SC is tasked with ensuring that the strategic planning processes of the DAO are comprehensive and effectively integrated with operational execution to achieve long-term success.

• The SC shall serve as a key advisor to the Goldilocks Community providing insights and recommendations on new build models, strategic opportunities, and competitive landscape.

• The SC is responsible for fostering innovation and identifying emerging trends that could impact the DAO, ensuring that the DAO remains agile and positioned for future growth.

• The SC follows a 12-month Epoch, and will be compensated with 10,000 $USD per month payable at the end of each month in token amounts equal to this.

The SC will be an elected individual who serves throughout an Epoch to be established via .

Scope of Work

The specific responsibilities of the SC include, but are not limited to:

• Development and execution of the DAO strategic plan, including setting short-term and long-term goals, objectives, and initiatives that align with the mission and vision of the DAO.

• Oversight of the DAO’s financial performance, including budget preparation, financial forecasting, and ensuring that the DAO operates within the financial guidelines set by the “Goldilocks Community” and Goldilocks Foundation Director.

• Representation of the DAO in all professional business capacities, acting as the primary spokesperson and public face of the DAO in dealings with clients, investors, other stakeholders, and the community.

The services and duties outlined in the scope of work are integral to the role of SC and may be reviewed, amended, or expanded in accordance with organisational needs and by mutual agreement between the SC and the Goldilocks Community.

How to Stake Your LOCKS

After acquiring LOCKS, staking is the next step to start earning PORRIDGE rewards. Follow this process:

1. Navigate to Staking

   Go to the staking tab in the Goldiswap interface.

2. Approve the Contract

   If this is your first time staking, you'll need to approve the staking contract to use your LOCKS tokens. Click the "Approve LOCKS" button and confirm in your wallet.

3. Approve the Contract

   If this is your first time staking, you'll need to approve the staking contract to use your LOCKS tokens. Click the "Approve LOCKS" button and confirm in your wallet.

4. Enter Staking Amount

   Enter the amount of LOCKS you want to stake, or click "Max" to stake all your available LOCKS.

5. Confirm Staking

   Click "Stake" and confirm the transaction in your wallet.

6. Start Earning PORRIDGE

   Once your staking transaction is confirmed, you'll immediately start earning PORRIDGE rewards.

For the bera's who can't read:

Monitoring Your Staking Position

In the staking interface, you'll see:

Your total staked LOCKS balance

Accrued PORRIDGE rewards

Current APR (Annual Percentage Rate)

Borrowing capacity based on your staked position

Unstaking Process

To unstake your LOCKS:

1. Go to the staking interface

2. Enter the amount you wish to unstake

3. Click "Unstake" and confirm the transaction

4. Your LOCKS will be returned to your wallet

Timeframe: Total 11 days

• 2 day waiting period

• 7 day voting period

• 2 day timelock

Format: On-chain proposal

Quorum: 50M staked LOCKS

Delegation: Proposer needs 5M staked LOCKS delegated

Phase 2 is the final step of the governance process. If this vote passes, then a change will be enacted on-chain.

How to create an on-chain Governance Proposal:

Update any last iterations to your proposal based on the previous feedback provided before posting your Goldilock Governance Proposal for voting.

In the please create a post titled “Governance Proposal — [Your Title Here]”. The post must include links to all previous forum posts.

Create your proposal. This can be done either through the or through writing the calldata for more complicated proposal logic. This calldata will be executed if and when the proposal passes. If writing the calldata yourself, please review the logic with a qualified Goldilock community member before posting the final proposal.

The proposer must have at least 5M staked LOCKS delegated to their address in order to formally put forward a proposal for community voting. If the proposer does not have the required staked LOCKS supply, they must find a delegate who has enough delegated staked LOCKS to meet the proposal threshold to propose on their behalf.

After the proposal has been submitted (or the propose(d) function has been called), a 2 day voting delay will start. After the voting delay is finished, a 7 day voting period will begin. If the proposal passes successfully, a 2 day time lock will follow before the proposed code is executed.

There must be at least 50M staked LOCKS yes votes received for the proposal to pass and be executed. If the “No change” option wins, the proposal will not be initiated.

Your comprehensive learning resource for navigating the Goldilocks DAO ecosystem. This educational hub is designed to help users of all experience levels understand and effectively use the various products in the Goldilocks ecosystem.

Whether you're completely new to DeFi or an experienced user looking to optimize your strategy, GoldiEdu provides step-by-step tutorials, visual guides, and strategic insights to help you make the most of what Goldilocks DAO has to offer.

What makes Goldiswap different?

Goldiswap is a custom AMM where users mint LOCKS, earn rewards, borrow against their position, and redeem value - all backed by HONEY in the protocol's liquidity pools.

Unlike traditional AMMs, Goldiswap introduces several novel concepts:

Floor Price Guarantee: Every LOCKS token has a minimum redemption value

Interest-Free Borrowing: Borrow against your staked LOCKS with no ongoing interest No Liquidation Risk: Your borrowing position cannot be liquidated

Utility-Driven Rewards: Earn PORRIDGE with direct protocol utility

Self-Reinforcing Loop: A sustainable ecosystem that rewards long-term participation

Dual Pool System Explained:

Goldiswap uses two distinct liquidity pools:

Floor Supporting Liquidity (FSL)

The FSL backs the floor price of LOCKS. When users mint LOCKS, a portion of their HONEY goes into this pool. This HONEY can only be removed when LOCKS tokens are redeemed and burned, ensuring the floor price can never decrease.

Price Supporting Liquidity (PSL)

The PSL supports the market price of LOCKS above the floor. This pool functions more like a traditional AMM pool, with trades occurring along a bonding curve. The PSL allows LOCKS to trade above its floor price based on market demand.

LOCKS: The Governance Token

LOCKS is the governance token of Goldilocks DAO. It's the core asset for earning, borrowing, governance, and redemption.

If you own LOCKS, you can:

Stake to earn PORRIDGE rewards

Borrow HONEY against your staked position

Vote on protocol proposals

Stir to mint new LOCKS at the floor price

Redeem anytime for HONEY at the guaranteed floor price

PORRIDGE: The Reward Token

PORRIDGE is earned by staking LOCKS. Unlike typical reward tokens, it has real utility within the protocol.

Each PORRIDGE token lets you mint one new LOCKS token at the floor price, in a process called stirring.

When you stir, you burn one PORRIDGE token and pay the current floor price in HONEY to mint a new LOCKS token.

The Floor Price Mechanism

The floor price is the minimum value your LOCKS are worth, backed by HONEY in the protocol's Floor Supporting Liquidity (FSL) pool. This backing ensures you can always redeem your LOCKS for at least the floor price in HONEY.

When you mint LOCKS, your HONEY is split between the FSL and Price Supporting Liquidity (PSL) pools. The FSL directly backs the floor value of LOCKS. The floor price is calculated by dividing the HONEY in the FSL by the total LOCKS supply.

When LOCKS are redeemed, they are burned, which ensures that the floor price cannot decrease over time - only rise.

Governance Structure

Goldilocks DAO is governed by LOCKS token holders who can propose and vote on key decisions about the protocol's future. Governance takes place through the dedicated governance portal where proposals are discussed, debated, and voted upon.

Key areas of governance include:

Protocol parameter adjustments

Treasury management

New feature implementations

Strategic partnerships

Goldilend collection approvals

What is Stirring and Why It Matters

Stirring is one of the most powerful features in the Goldilocks ecosystem. It allows you to convert your earned PORRIDGE rewards into more LOCKS tokens at the floor price, regardless of the market price.

This creates a powerful compounding effect:

Stake LOCKS to earn PORRIDGE

Use PORRIDGE to mint more LOCKS at the floor price

Stake those new LOCKS to earn even more PORRIDGE

Repeat to compound your position over time

The Value Creation Mechanism

If the market price of LOCKS is higher than the floor price, stirring creates immediate value. For example, if the floor price is 1.5 HONEY and the market price is 3 HONEY, each PORRIDGE token allows you to mint a LOCKS token worth 3 HONEY for only 1.5 HONEY.

How to Stir PORRIDGE for More LOCKS

Follow these steps to stir your earned PORRIDGE:

1. Navigate to Stirring

   Go to the stirring section in the Goldiswap interface.

2. Review Current Metrics

   Check your available PORRIDGE balance, the current floor price, and the market price.

3. Enter Stirring Amount

For the beras who cant read:

Optimal Stirring Strategies

Consider these strategies to maximize your stirring value:

Strategy 1: Stir When Price Gap is Largest

The bigger the gap between the market price and floor price, the more value you create by stirring. Monitor this gap and stir when it's most favorable.

Strategy 2: Regular Compounding

For long-term holders, regular stirring (e.g., weekly or monthly) can maximize your compound growth over time, regardless of current prices.

Strategy 3: Strategic PORRIDGE Holding

If you expect the floor price to rise soon (due to significant redemptions), you might wait to stir since your PORRIDGE will always mint at the current floor price.

To start your journey with Goldilocks DAO, you'll need to acquire LOCKS tokens by swapping HONEY.

1. Navigate to goldilocksdao.io/goldiswap/swap in your web browser, tap connect to connect your wallet.

2. Select your preferred wallet and follow wallet prompts

3. Enter the desired amount of Honey you'd like to swap.

_{Review the estimated LOCKS you'll receive and the current exchange rate}

_{Note the floor price information to understand your minimum redemption value}

4. Press the 'Buy' button and complete wallet prompts to complete the transaction.

1. Once the transaction completes, you should see your new LOCKS balance in the interface You can also verify this in your connected wallet

Now that you have your LOCKS tokens, you're ready to start staking and earning PORRIDGE rewards!

For the bera's who can't read:

How Interest-Free Borrowing Works

One of the most innovative features of Goldiswap is the ability to borrow HONEY against your staked LOCKS without paying ongoing interest and without any liquidation risk.

Key aspects of Goldiswap borrowing:

You can borrow up to the floor value of your staked LOCKS

There's only a one-time 3% fee

No ongoing interest payments

No liquidation risk, even if the price of LOCKS drops

Your LOCKS remain staked and continue earning PORRIDGE

Setting Up Your First Borrow

1. Navigate to Borrow

   Go to the borrowing section in the Goldiswap interface.

2. Review Your Borrowing Capacity

   The interface will show your total staked LOCKS, current floor price, and maximum borrowing capacity.

3. Enter Borrow Amount

Repayment Process

To repay your borrowed HONEY:

1. Return to the borrowing section

2. Enter the amount you wish to repay

3. Click "Repay" and confirm the transaction

4. This will free up your borrowing capacity

You can repay partially or in full, at any time. There's no deadline or schedule to follow.

Selecting the Right Vault

Goldivaults are available for various yield-bearing assets on Berachain. When choosing a vault, consider:

The underlying yield-bearing asset (e.g., oriBGT)

The vault's expiration date

Current yield rates and projections

Your strategic goals (locking in returns vs. speculating on yield)

Depositing Your Assets

1. Navigate to

2. Select a Vault

   Choose from the available vaults based on the asset and expiry date that suits your strategy.

3. Approve Token Usage

   Click "Approve" to allow the vault contract to use your tokens and confirm in your wallet.

Managing OT and YT Positions

After receiving your OT and YT tokens, you have several options:

Hold Both Tokens

Maintain full exposure to both the principal and yield of your deposited asset. At expiry, you'll receive back your original asset plus all accumulated yield.

Sell Your YT

Lock in a fixed return by selling your YT. This secures an immediate payment while retaining the OT for principal redemption at expiry.

Buy More YT

If you're bullish on the yield of a particular asset, you can purchase additional YT tokens to increase your exposure to just the yield component.

Stake YT on Beradrome

YT tokens for certain assets can be staked on Beradrome to earn additional incentives like bribes and vote rewards.

For the beras who can't read:

The Concept of Yield Tokenization

Goldivaults are specialized smart contracts that let users split, trade, and speculate on the future yield of yield-bearing assets in the Berachain ecosystem. They introduce new financial primitives for managing yield strategies.

When you deposit a yield-bearing asset into a Goldivault, you receive two separate tokens:

Ownership Token (OT)

Represents your right to reclaim the original deposited asset at the vault's expiry date.

Yield Token (YT)

Gives you the right to receive all the yield generated by the deposited asset until the vault expires.

This separation unlocks several options. You can:

Sell your YT to lock in a fixed return

Hold both to maintain full exposure

Buy more YT if you're bullish on yield

Stake or trade both OT and YT tokens

Who Should Use Goldivaults?

Goldivaults are particularly useful for:

Yield Sellers

Users who want to lock in a guaranteed return by selling their future yield. This effectively converts a variable-yield position into a fixed-return investment.

Yield Buyers

Speculators who believe a particular asset's yield will increase can buy YT tokens to gain leveraged exposure to just the yield without needing to own the underlying asset.

Sophisticated Liquidity Providers

Users who want to provide liquidity to trading pairs involving OT and YT tokens to earn fees from traders speculating on yield movements.

AMM (Automated Market Maker)- A decentralized exchange protocol that uses liquidity pools instead of order books

APR (Annual Percentage Rate)- The yearly interest rate without accounting for compounding

Berachain- The blockchain network where Goldilocks DAO operates

DAO (Decentralized Autonomous Organization)- A collective governed by its token holders

Floor Price- The guaranteed minimum value of LOCKS, backed by HONEY in the FSL

FSL (Floor Supporting Liquidity)- The pool backing the floor price of LOCKS

HONEY- The native token of Berachain used in the Goldilocks ecosystem

LOCKS- The governance token of Goldilocks DAO with a guaranteed floor price

LTV Loan-to-Value ratio- The proportion of an asset's value that can be borrowed

OT Ownership Token- Represents the right to reclaim the original deposited asset at vault expiry

PORRIDGE- The reward token earned from staking LOCKS

PSL (Price Supporting Liquidity)- The pool supporting the market price above floor

Stirring- The process of burning PORRIDGE to mint new LOCKS at the floor price

YT (Yield Token)- Gives the right to receive all yield generated until vault expiry

The Expiry Process Explained

When a Goldivault reaches its expiration date, the vault contract locks and begins the settlement process. At this point:

No new deposits are accepted

The final yield calculation is performed

The vault prepares for redemption by OT and YT holders

Redeeming OT for Base Assets

1. Navigate to Expired Vaults

   Go to the "Expired Vaults" section in the Goldivaults interface.

2. Select Your Vault

   Choose the expired vault containing your OT tokens.

3. Enter Redemption Amount

Collecting Yield as a YT Holder

1. Navigate to Expired Vaults

   Go to the "Expired Vaults" section in the Goldivaults interface.

2. Select Your Vault

   Choose the expired vault containing your YT tokens.

3. Enter Claim Amount

Post-Expiry Options

After claiming from an expired vault, you can:

Re-deposit your base assets into a new vault

Stake or utilize your tokens in other protocols

Swap for other assets on Kodiak

Fixed Return Strategies with YT Sales

For users seeking predictable returns, selling YT tokens immediately after deposit can lock in a fixed yield:

Example Scenario

1. Deposit 100 oriBGT with a current market yield of 20% APR

2. Receive 100 oriBGT-OT and 100 oriBGT-YT

3. Sell the 100 oriBGT-YT for 15 HONEY (representing a portion of the expected yield) 4. Hold oriBGT-OT until expiry to reclaim your original 100 oriBGT

In this scenario, you've effectively locked in a fixed return of 15 HONEY on your 100 oriBGT deposit, regardless of how actual yields perform until expiry.

Speculating on Future Yields

For users bullish on yield potential, buying YT offers leveraged exposure to yield:

Example Scenario

1. Identify an asset you believe will significantly increase in yield (e.g., oriBGT)

2. Purchase oriBGT-YT tokens on the market

3. If yields increase as expected, the value of your YT tokens should rise

4. Either sell YT at a profit before expiry or hold until expiry to collect the full yield

Combining with Other DeFi Protocols

Advanced users can integrate Goldivaults with other DeFi strategies:

Strategy: Leveraged Yield Farming

1. Deposit yield-bearing assets into Goldivaults

2. Sell YT to lock in a fixed return

3. Use the proceeds to acquire more of the underlying asset

4. Deposit this new amount into another vault

5. Repeat to create a leveraged position backed by fixed yields

Strategy: Yield Token Arbitrage

1. Monitor Goldivaults for YT tokens trading below their intrinsic yield value

2. Purchase undervalued YT tokens

3. Hold until expiry or until market prices correct

4. Profit from the price convergence to actual yield value

Common Questions for New Users

Can I sell LOCKS on a DEX?

Yes, if a secondary market like Kodiak exists, you can sell LOCKS there. But the protocol always offers redemption at the floor price, making it the most reliable exit.

Can the floor price go down?

No. Thanks to the burn-on-redemption mechanism, it only goes up or stays the same.

What if I don't want to stir?

You don't have to. You can hold PORRIDGE indefinitely or wait for better market conditions.

What if I borrow and the price of LOCKS drops?

Nothing happens. Your borrowing is based on the floor price, which doesn't decrease.

Can I redeem my OT (Ownership Token) before vault expiry?

No. OT can only be redeemed once the vault reaches its expiration date. Until then, it represents your claim on the original asset.

What happens if I sell my YT (Yield Token)?

If you sell your YT, you give up your right to any yield the deposited asset generates during the vault's term. You still retain the OT, which lets you reclaim your principal at expiry.

Technical Issue Resolution

Transaction Failing

Possible causes and solutions:

• Insufficient gas: Increase gas limit or use BERA network's recommended gas

• Slippage too low: Adjust slippage tolerance for swaps

• Contract approval needed: Ensure you've approved token spending

Wallet Connection Issues

Troubleshooting steps:

1. Refresh the page

2. Ensure your wallet is on the Berachain network

3. Try disconnecting and reconnecting

4. Clear browser cache

Official Communication Channels

Twitter

Discord Community

Governance Portal

Technical Documentation

Community Events and Programs

Stay updated about upcoming community events, AMAs, governance calls, and educational workshops by following the official communication channels.

Educational Content from the Community

The Goldilocks community is continually creating educational content, tutorials, and strategy guides. Check the Discord's educational channels and community content sections for the latest resources.

Understanding Market Dynamics

Both OT and YT tokens are fully tradeable on Kodiak, Berachain's decentralized exchange. Understanding their pricing dynamics is crucial:

OT Token Pricing

OT tokens should theoretically trade at a discount to the underlying asset price, with the discount narrowing as expiry approaches. At expiry, an OT token is worth exactly one underlying token.

YT Token Pricing

YT tokens represent the net present value of expected yield until expiry. Their price fluctuates based on:

Current yield rates

Expected yield changes

Time remaining until expiry

Market demand for yield exposure

Evaluating Fair Prices

To determine if OT and YT tokens are fairly priced:

OT Fair Value Estimation

OT fair value ≈ Underlying Asset Price × [1 ÷ (1 + Current Yield Rate × Time to Expiry)]

YT Fair Value Estimation

YT fair value ≈ Underlying Asset Price × Current Yield Rate × Time to Expiry