Base Interest Guarantee (BIG)

USD0++ is an enhanced T-Bill that allows users to benefit from the growth and success of the protocol. Unlike traditional models, USD0++ not only provides protocol revenues but also distributes ownership of the protocol through its innovative reward mechanisms. To ensure a minimum yield, USD0++ features a mechanism called Base Interest Guarantee (BIG).

Base Interest Guarantee for Liquid Bond Holders

USD0++ holders benefit from an insurance mechanism that enables them to claim the native yield of the underlying asset under certain conditions. This insurance guarantees that, at a minimum, they will receive the yield of the RWA asset in the form of USD0. This yield is further boosted by the floating liquidity of non-locked USD0.

Eligibility

USD0++ holders who wish to secure their yield must lock their USD0++ for a rolling period of 6 months. During this time, they cannot claim their yield in any form. If the user decides to unlock their USD0++ before the period ends, they forfeit access to the accumulated yield. At the end of the locking period, the user can choose between rewards in the form of $ECLIPSE tokens or rewards in USD0 equivalent to the risk-free yield boosted by the floating liquidity.

Example - USD0++ with 4 Years Maturity:

• Native ECLIPSE Token Rewards: Typically, holders of the USD0 Liquid Bond Token, known as USD0++, receive rewards in the form of $ECLIPSE tokens.

• Locking USD0++ and Its Rewards: USD0++ holders who wish to benefit from the Base Interest Guarantee (BIG) must lock their USD0++ for a period of 6 months. During this time, their USD0++ tokens are not liquid, and they do not receive any rewards. However, users can unlock their USD0++ at any time, but they will forfeit the accumulated rewards.

• Native Yield Insurance: After the 6-month locking period, users have the option to claim their USD0++ yield either in $ECLIPSE tokens or in USD0, which represents a risk-free yield directly from the treasury.