Glove (GLO)

Glove (GLO) is the incentive token for Wrapped USD and also the first implementation of a Utility Credit token.
All service fees in Wrapped USD, and trading fees from the GLO Uniswap pools (mentioned below), go towards GLO (managed by the Collector)
Earning
Earning — and being able to transact — GLO is simple: utilize the system. The avenues for earning GLO, and/or its "utility credit" meta-currency are:
wrapping a USD fiatcoin for WUSD
referrals/running a frontend for relevant contracts
providing WUSD-WETH liquidity on Uniswap v3 via the WUSETHer
providing GLO-USDT and/or GLO-USDC liquidity on Uniswap v3 via the Provisioner
providing WUSD-[TOKEN] liquidity on Uniswap v3 via a WUSer created with the WUSory
Naturally, these aren't mutually exclusive options.
If you don't know what "utility credit" means, you should read more read more here​
Distribution
GLO is initially distributed via a claimdrop and a wrapdrop.
deployers: 420 GLO
claim/wrap-drop: ~1066 GLO (total)
GLO-USDT Uni v3 Pool: ~1337 GLO
GLO-USDC Uni v3 Pool: ~1337 GLO
gas-saving contract seeding: 3 GLO
New GLO is earned exclusively by using and/or enabling the usage of Wrapped USD.
 Wrapped USD is immutable, governance-free, complete, and there is no "treasury"
Last modified 3mo ago