Floor Price and Bond Sales

In defiance of the “worthless governance token” paradigm in DeFi, SGT price will be defended by a floor price fund made up of SEN stable pair liquidity — a yield-bearing, dollar-equivalent reserve backing for the token that serves the additional purpose of deepening our stablecoin’s liquidity. This floor price fund will be grown through the sale of SGT bonds, at a discount to market price but a premium to the existing floor price: ensuring supply expansion through bonding remains sustainable and always outweighed by the growth in downside protection per token. Revenue generated on POL creates an additional stream of income for stakers of the SGT token. Whenever the floor price exceeds the market price of SGT, assets within are automatically deployed to buyback and burn SGT – leading to a minimum price for SGT in terms of USD.