GaiaDAO.com

The GaiaDAO Peg Balancer Protocol is a two-sided reserve pool layer built atop Curve pools. One side is USDM, the other side is 3CRV. USDM from the PBM is paired 1:1 with 3CRV and added as liquidity into the Curve pool. Excess tokens are kept in the PBM reserve and added to Curve pool liquidity alongside equal parts 3CRV upon deposit.

Rewards from Incentives are distributed as staking rewards to LPs in the USDM PBM. Rewards are received roughly every two weeks then streamed linearly to stakers over the following two weeks after claim, according to stakers share of the PBM combined liquidity.

vlCVX is delegated to Votium.app, rewards go to USDM PBM (Peg Balancer Module)

USDM minting is paused and no longer possible

USDM can be acquired via https://curve.fi/factory/23

USDM or 3CRV can be withdrawn from https://curve.fi/factory/23/withdraw

Deposit USDM or 3CRV on the USDM Peg Balancer Module at GaiaDAO.com

Smart Contract	Address URL	Notes
Peg Balancer Module	https://etherscan.io/address/0x3084ba03b49a912b40fa0ec8e20b777a430976da

5% Management Fee: Flat rate taken from gCRV balances over a year. The fee is accrued by minting new shares of the vault, thereby diluting gCRV quantity. On the GaiaDAO interface, yield is displayed as net APY. This means that both fees and compounding returns are taken into consideration in the rates presented.

0% Withdrawal Fee: One time fee charged on balances withdrawn is not implemented

20% Performance Fee: Deducted from Incentive rewards distributed to USDM PBM LPs

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