Static references for the states the backend wires up. Not interactive — they show what each button and toast looks like at every step of a mint or redeem.
Your collateral keeps earning the 10% APY dividend while it stays locked. Today's borrow rate is ~4–5% APY in gUSD — net positive carry. No forced selling, and no leverage liquidation risk while GSTRC trades at par.
The stability pool absorbs liquidations. Depositors receive liquidated GSTRC at a 5% discount whenever a vault is cleared.
The last five vaults the system cleared. Collateral routes to the stability pool with a 5% bonus to depositors.
| Date | Vault | Debt cleared | Collateral distributed |
|---|---|---|---|
| 2 hours ago | 0x7d3a…8f2c | $1,247 gUSD | 12.47 GSTRC (1.05×) |
| 3 days ago | 0x9b15…0e8a | $850 gUSD | 8.50 GSTRC (1.05×) |
| 5 days ago | 0x42cc…91ee | $2,100 gUSD | 21.00 GSTRC (1.05×) |
| 6 days ago | 0x1f8e…b327 | $612 gUSD | 6.12 GSTRC (1.05×) |
| 9 days ago | 0xae44…77d1 | $3,480 gUSD | 34.80 GSTRC (1.05×) |
Your GSTRC stays in the vault and keeps earning 10% APY in PAXG dividends. That accrual is yours to claim at any time, independent of your borrow position.
If GSTRC ever falls to your liquidation price, the vault is liquidated: your collateral is sent to the stability pool and your debt is cancelled. You keep the gUSD you borrowed.
The borrow rate adjusts automatically from the gUSD market price. Above peg the rate decreases; below peg it increases. No committee sets it.
Because the collateral earns more than the loan costs, a vault held at par carries net positive — the dividend funds the interest with room to spare.