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How to support G$

How to support G$
There are 3 ways to financially support G$ today, all ways are different ways to donate money to the G$ protocol. All involve sending money to the GoodStaking contract (insert address). This is the contract that send money to the GoodReserve, the contract that control the minting of GoodDollars. So as long as funds are continually staked to GoodDollar (via GoodStaking), then GoodDollars will always be minted, for forever. staking rewards are yet to be active.
Three ways:

  1. Donate --> Send money directly to GoodStaking contract that is staked forever
  2. Stake (but all your interest is donated).
  3. Stake Your Fuse / Delegate Staking your Fuse

Donate

This option allows you to donate ETH or DAI that will generate interest to back G$ forever.

  • This can be done from centralized or decentralized wallets
  • Money sent to this contract can never be returned.

Donating Address - 0x93FB057EeC37aBc11D955d1C09e6A0d218F35CfF

Stake

This option allows you to stake DAI, and to donate your interest to back G$

  • This can only be done from a web3 wallet such as Metamask
  • You can always withdraw the staked money
  1. Go to DAI smart contract address https://etherscan.io/token/0x6b175474e89094c44da98b954eedeac495271d0f#writeContract
  2. Contracts

  1. Write contract

  1. Connect your wallet
  2. Go to 1. Approve and fill in the following

  1. User: 0xEa12bB3917cf6aE2FDE97cE4756177703426d41F
  2. Wei - insert the amount you want to stake + 18 zeros
    1. Example - 1 dai = 1000000000000000000
    2. You can simply approve 1 million DAI and stake as much as you’d like.
  3. Click write
  4. Approve transaction on your web3 wallet
  5. Go to GoodStaking smart contract address https://etherscan.io/address/0xEa12bB3917cf6aE2FDE97cE4756177703426d41F
  6. Contract

  1. Write contract

  1. Go to number 11
  2. Under amount enter the amount you want to stake in WEI the number you want to stake + 18 zeros
    1. Example - stake 1 DAI = 1000000000000000000
  3. Write
  4. Approve transaction

Unstake / Withdraw

  1. Go to GoodStaking smart contract address https://etherscan.io/address/0xEa12bB3917cf6aE2FDE97cE4756177703426d41F
  2. Contract

  1. Write contract 
  2. Go to 15. Withdraw stake

  1. Click Withdraw
  2. Approve transaction

Stake Your Fuse / Delegate Staking your Fuse

This option allows you to stake fuse tokens, and to donate your interest to back G$

  1. Go to myetherwallet.com and
  2. ‘create a new wallet’ or ‘connect existing wallet’
  3. On the top right change the Network from ETH to Fuse
  4. From the left-side menu, go to ‘Contract’ and select ‘Interact with Contract’

  1. Enter the ‘Contract Address’ 0xA199F0C353E25AdF022378B0c208D600f39a6505
  2. Copy the ABI from the FuseStaking V3 contract. (You can select the ‘Copy ABI’ button.)
    1. https://explorer.fuse.io/address/0x7FCA2B3E1047291f65c2C914083d970c027f4290/contracts
  3. Paste the ABI into ‘ABI/JSON Interface’ on myetherwallet.com
    1. You’re now interacting with this contract! Ready to stake? Select ‘stake‘ in the dropdown menu next to the contract address, and lock in your Fuse.
  4. There are 2 staking options, chose the one with a single parameter for staking
  5. Enter the amount you want to stake in Fuse tokens.
  6. Click Write
Mar 16, 2021

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