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Vault Core

Inside the Golden Vault

Every GBLIN token is backed by a proportional share of the protocol's treasury. The vault holds a diversified mix of Ethereum (WETH), Coinbase Bitcoin (cbBTC), and USD Coin (USDC). As these underlying assets grow or the protocol collects fees, the intrinsic value of GBLIN increases.

Treasury architecture

Fully collateralized by top-tier assets (WETH, cbBTC, USDC).

Designed as the ultimate store of value on Base, GBLIN combines the security of real-world collateral with the efficiency of automated central banking.

1. Accumulation (Stability Fee)

Every time a user buys GBLIN, the protocol applies a 0.1% institutional fee. Exactly half of this (0.05%, STABILITY_FEE_BPS) is accumulated in a protected reserve called stabilityFund.

3. The Key Action (Mathematical Revaluation)

If both conditions are met, excess ETH in the fund is released and absorbed into the contract's NAV. By adding real collateral (ETH) without minting new GBLIN, the mathematical and intrinsic price of every existing GBLIN automatically increases.

Protected reserves

Last Yield

--

Last automated cycle

Dynamic Reserve

0 WETH

Protocol reserve target

Stability Fund

0 WETH

Immediate liquidity buffer

Intrinsic Value (NAV)

$0.00

Treasury net asset value

Users do not need to 'claim' anything or pay gas. The _autoDistributeYield() function is integrated into the protocol's core and triggers silently and automatically on every buy (mint) or sell (burn) operation. The protocol self-updates, ensuring frictionless appreciation.

The Vault — Smart Contract Architecture & On-Chain Reserves | GBLIN