GREEN Stablecoin
The Stablecoin That Works Harder.
Your USDC sits there doing nothing. Your DAI requires a new vault for every asset. Your LUSD only accepts ETH.
GREEN? It's built different. Mint it against your entire portfolio — ETH, stablecoins, NFTs, whatever you've got. Earn yield automatically through sGREEN. Score liquidation profits in stability pools. Watch five different mechanisms defend the peg while you sleep.
This is what happens when you stop asking "how do we make another stablecoin?" and start asking "how should stablecoins actually work?"
Why GREEN Exists
The Problem with Current Stablecoin Borrowing
Traditional lending protocols force inefficient choices that limit how you can use stablecoins:
Isolated Positions (MakerDAO/Liquity Model):
Open ETH vault → Borrow DAI
Open WBTC vault → Manage separate loan
Add new asset? → Yet another position
Result: Portfolio fragmentation, constant juggling
Pooled Risk (Aave/Compound Model):
Limited to "safe" assets only
Your collateral backs everyone's loans
One bad actor affects all users
Result: Restricted innovation, systemic risk
Isolated Money Markets (Morpho/Euler Model):
Deposit ETH → One USDC loan
Deposit WBTC → Another separate USDC loan
Multiple positions to track and manage
Each market needs lenders providing capital
Result: Portfolio fragmentation AND rate inefficiency
Ripe's Solution: Unified Multi-Collateral Borrowing
GREEN represents a fundamental rethink of stablecoin creation:
Traditional: ETH → DAI Position 1
WBTC → DAI Position 2
USDC → Can't use
Ripe: ETH + WBTC + USDC + stETH + NFTs + Anything
↓ (all combined)
One GREEN Loan at Weighted TermsYour entire portfolio — from blue-chip crypto assets to yield-bearing positions, from stablecoins to tokenized stocks — backs a single GREEN loan. This creates unmatched capital efficiency while keeping your risk isolated from other users.
Complementary, Not Competitive
While these other lending protocols have borrowing limitations, they excel at generating yield — and Ripe turns their yield-bearing tokens into powerful collateral. Instead of choosing between earning yield OR borrowing, you can do both:
Aave aTokens: Earn lending yield while using as Ripe collateral
Compound cTokens: Your supplied assets keep compounding
Morpho positions: Optimized rates become productive collateral
Maker sDAI: Savings rate continues while backing GREEN loans
The best strategy? Lend on these protocols for yield, then use those yield-bearing positions as collateral on Ripe. You get their yields AND our capital efficiency — truly the best of both worlds.
Built for the Entire Ecosystem
GREEN isn't just another stablecoin. It's the cornerstone of Ripe Protocol:
GREEN ECOSYSTEM
┌─────────────────────────────────────────────────────────┐
│ │
│ BORROWING YIELD STABILITY │
│ ┌─────────┐ ┌──────────┐ ┌──────────┐ │
│ │ Mint │ │ sGREEN │ │ Stability│ │
│ │ GREEN │ ───> │ Auto- │ ───> │ Pools │ │
│ │ Against │ │ Compound │ │ Earn │ │
│ │ Assets │ │ Yield │ │ Discounts│ │
│ └─────────┘ └──────────┘ └──────────┘ │
│ │ │ │ │
│ └──────────────────┴───────────────────┘ │
│ │ │
│ ┌─────▼──────┐ │
│ │ TREASURY │ │
│ │ Endaoment │ │
│ │ Stabilizer│ │
│ └────────────┘ │
│ │
│ Every GREEN serves multiple purposes simultaneously │
└─────────────────────────────────────────────────────────┘How GREEN Works
Creation Through Borrowing
Every GREEN token represents real value locked in Ripe Protocol:
Deposit Collateral: Lock any supported asset (ETH, WBTC, stablecoins, etc.)
Borrow GREEN: Mint new GREEN against your collateral
Overcollateralized Always: Minimum 110% backing, often much higher
Pay Interest: Dynamic rates that respond to market conditions
Origination Fee (Daowry): One-time fee that flows to sGREEN holders (currently 0.5%)
Example Multi-Asset Borrowing:
Your Unified Portfolio:
- 5 ETH worth $10,000 (70% LTV = $7,000 borrowing power)
- 10,000 USDC (90% LTV = $9,000 borrowing power)
- 2 stETH worth $4,000 (85% LTV = $3,400 borrowing power)
- 1M PEPE worth $1,000 (50% LTV = $500 borrowing power)
- 1 Bored Ape worth $50,000 (40% LTV = $20,000 borrowing power)
Total Borrowing Power: $39,900 GREEN
Single Loan, Single Interest Rate, All Assets Working TogetherDestruction Through Repayment
GREEN supply contracts automatically when loans are repaid:
Send GREEN: Return borrowed amount plus interest
Burn Forever: GREEN is permanently destroyed
Unlock Collateral: Get your assets back proportionally
This elegant mechanism ensures GREEN supply expands and contracts with real borrowing demand.
The Five Pillars of Stability
GREEN maintains its $1 peg through multiple interconnected mechanisms that activate automatically based on market conditions. Notably, GREEN features two distinct redemption mechanisms that create powerful arbitrage loops, ensuring the peg is defended from multiple angles:
1. Overcollateralization Foundation
The bedrock of GREEN's stability:
150%+ Average: Most positions maintain much higher collateral ratios
Extreme Asset Diversity: Unlike other stables limited to ETH/WBTC, GREEN is backed by everything from stETH earning staking yields to PEPE memes to tokenized Tesla stock
Portfolio Effect: When one asset drops, others may rise — true diversification
Real-Time Monitoring: Continuous health checks on all positions using price oracles
Buffer Zones: Multiple warning levels before liquidation
2. Dynamic Interest Rate Response
When GREEN trades below peg, borrowing rates increase to encourage repayment. For complete details on how dynamic rates work, see Dynamic Interest Rates in the borrowing documentation.
Normal Conditions (Balanced Pool):
50% GREEN / 50% USDC in reference pool
Borrowers pay only their weighted base rates
No dynamic adjustments needed
Below Peg Response (GREEN Weak):
Pool imbalanced with >60% GREEN (too much GREEN supply)
Dynamic rate multipliers activate progressively
Higher rates incentivize borrowers to repay (buy GREEN)
Repayment creates buying pressure, restoring peg
Above Peg Response (GREEN Strong):
Normal base rates apply (no increase needed)
Endaoment can mint GREEN to add liquidity
Increased supply brings price back down
Emergency Rate Escalation: When GREEN exceeds 60% in reference pools:
Base rates multiply progressively (1.5x to 3x based on severity)
Time-based penalties accumulate (+0.01% per 100 blocks = ~3.3 minutes on Base)
Creates powerful incentive to restore balance through repayment
3. Direct Redemption Mechanism
Redemptions create an automatic arbitrage loop that restores GREEN's peg whenever it trades below $1. For a detailed explanation of how redemptions work as a protective buffer, see The Redemption Buffer in the liquidations documentation.
The $1 Guarantee:
GREEN can always be redeemed for exactly $1 worth of collateral
Targets only positions in the "Redemption Zone" (below redemption threshold)
No committees, no voting, no delays — instant execution
Creates a hard floor for GREEN's market price
How Arbitrage Restores the Peg:
GREEN trading at $0.97? Here's what happens:
1. Arbitrageurs spot the 3% discount
2. Buy 10,000 GREEN for $9,700 on the market
3. Instantly redeem for $10,000 worth of collateral
4. Profit: $300 risk-free
5. This buying pressure pushes GREEN back to $1Important Constraint: Redemptions are only possible when positions exist in the Redemption Zone. During stable markets with healthy collateral ratios, direct redemptions may be unavailable.
This mechanism activates when market stress pushes positions toward liquidation, providing buying pressure precisely when GREEN needs support most.
4. Stability Pool Redemption Mechanism
A second powerful redemption path exists through stability pools that hold liquidated collateral:
How Pool Redemptions Work:
Stability pools accumulate ETH, WBTC, and other assets from liquidations
GREEN holders can redeem 1 GREEN for exactly $1 worth of pool assets
Availability Dependent: Only possible when pools contain liquidated collateral
Creates arbitrage opportunities during periods of liquidation activity
Important Constraint: Pool redemptions require the stability pools to hold collateral from recent liquidations. During calm markets with no liquidations, this redemption path may be unavailable.
Complementary Redemption Paths:
GREEN at $0.96? Potential redemption options:
1. Direct redemption (if positions in Redemption Zone)
2. Pool redemption (if liquidated collateral available)
Both paths subject to availabilityWhen Pool Redemptions Are Most Effective:
Market Stress: Liquidations increase, filling pools with collateral
Price Volatility: More positions fail, creating redemption opportunities
Cascading Events: Each liquidation enables more GREEN redemptions
Self-Balancing: Redemptions occur precisely when GREEN needs support
5. Endaoment Treasury Operations
The Endaoment serves as GREEN's financial fortress — a protocol-owned treasury with vast capabilities to defend the peg:
Capital Arsenal from Bond Sales:
Bond proceeds provide stablecoin reserves for immediate deployment
Treasury assets work 24/7 across DeFi earning yield
Growing war chest ensures firepower during any market condition
No reliance on external capital or emergency fundraising
Automated Stabilizer System:
The 50/50 Rule in Action:
GREEN below peg (pool >50% GREEN)?
→ Remove excess GREEN liquidity
→ Burn GREEN tokens permanently
→ Restore pool balance to support price
GREEN above peg (pool <50% GREEN)?
→ Mint new GREEN (tracked as debt)
→ Add liquidity to deepen markets
→ Restore pool balance to stabilize priceLiquidity Management Powers:
Multi-DEX Operations: Deploy liquidity across Curve, Uniswap, Aerodrome simultaneously
Concentrated Positions: Use Uniswap V3 or Aero Slipstream for capital-efficient price support
Partner Programs: Mint GREEN paired with partner assets for deeper markets
Instant Rebalancing: Move capital between pools in single transactions
Strategic Market Making:
Can provide buy-side support when GREEN weak
Can provide sell-side liquidity when GREEN strong
Profits from spreads flow back to treasury
Self-funded operations through yield generation
Why This Matters:
Deep Resources: Treasury can mint GREEN when needed (always tracked as debt)
Multiple Fronts: Operates across all major DEXes simultaneously
Always Active: No governance votes or delays — instant response
Self-Strengthening: Every intervention generates fees that grow the treasury
The Endaoment transforms from passive treasury to active market participant, with the resources and authority to maintain GREEN's peg against any market conditions.
Additional GREEN Ecosystem Features
Bad Debt Resolution
If extreme conditions create bad debt, the protocol can sell bonds to raise recovery funds. This mints RIPE beyond the 1B cap (e.g., becoming 1.001B), with dilution shared proportionally by all holders — ensuring GREEN always remains fully backed.
Protocol-Wide Integration
GREEN is the only borrowable asset in Ripe Protocol
All liquidations settle in GREEN
Fee flows strengthen the ecosystem
Designed for maximum composability with DeFi
Keeper Network Protection
Automated bots monitor all GREEN loans 24/7
Trigger liquidations when positions become unsafe
Keepers earn 0.1-0.5% rewards (paid in GREEN)
Minimizes bad debt through rapid liquidation execution
GREEN Throughout Ripe Protocol
Transform to sGREEN for Automatic Yield
sGREEN is GREEN's yield-bearing twin:
Set and Forget: Deposit GREEN, receive sGREEN
Auto-Compounding: Value grows through exchange rate, not rebasing
Protocol Revenue: Captures fees from borrowing, liquidations, and more
Instant Liquidity: Redeem for GREEN anytime
Use Everywhere: Stability pools accept sGREEN for enhanced returns
Participate in Stability Pools
Deploy sGREEN or GREEN LP tokens in stability pools for liquidation profits:
Triple Yield: Base sGREEN rate + liquidation profits + RIPE rewards
Guaranteed Discounts: Buy collateral 5-15% below market
Support Protocol: Your deposits enable smooth liquidations
Flexible Withdrawal: No lockups or penalties
Enable Borrowing Options
When taking loans, receive GREEN flexibly:
Direct GREEN: Standard stablecoin for any use
Auto-sGREEN: Start earning immediately on borrowed funds
Stability Pool Entry: Maximum yield from day one
Earn RIPE Block Rewards
Multiple ways to earn RIPE rewards through GREEN:
Borrowing GREEN: Larger, longer-term loans earn more rewards
Stability Pool Deposits: sGREEN and GREEN LP deposits earn additional RIPE
Time-Weighted System: Points accumulate based on position size × time
Offset Costs: Rewards help reduce effective borrowing rates or boost stability pool returns
GREEN vs The Competition: A Clear Winner
When you need to borrow stablecoins, GREEN offers fundamental advantages:
vs Centralized Stables (USDC/USDT):
Can't borrow USDC/USDT — you must buy them
GREEN: Mint by borrowing against any asset you own
Bonus: GREEN earns yield via sGREEN, USDC sits idle
vs Traditional Crypto Stables (DAI/LUSD):
DAI: Separate vaults for each collateral type
LUSD: Only accepts ETH (or similar) as collateral
GREEN: One loan backed by your entire portfolio
vs Algorithmic Experiments (UST):
No real backing = inevitable collapse
GREEN: Every token 150%+ overcollateralized
The Key Difference: GREEN is built for borrowers who want to use their entire portfolio efficiently. Whether you hold ETH, stablecoins, NFTs, tokenized stocks or emerging tokens, everything works together to back a single, manageable loan position.
Why This Matters
Every other stablecoin makes you choose: safety or efficiency, yield or liquidity, simplicity or power.
GREEN breaks the tradeoffs. One position backed by everything you own. Automatic yield that compounds while you sleep. Liquidation profits when others get rekt. A peg that defends itself through pure economics, not faith.
Stop settling for stablecoins designed for 2020. This is how money works in DeFi now.
For technical implementation details, see the GreenToken Technical Documentation.
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