GREEN Stablecoin
The stablecoin that works harder.
Your USDC sits there doing nothing. Your DAI needs a new vault for every asset. Your LUSD only takes ETH.
GREEN is built different. Borrow it against your whole portfolio — stock tokens, ETH, stablecoins, yield positions — in one loan. Hold it as sGREEN and it earns protocol revenue. Put it in a Stability Pool and it buys liquidated collateral below market. And six mechanisms pull it back toward $1.
This is what happens when you stop asking "how do we make another stablecoin?" and start asking "how should a stablecoin actually work?"
Live terms live onchain. Assets, LTVs, rates, fees, and which optional features are switched on vary by deployment and change over time. Every number on this page is an example. Params is the source of truth.
Why GREEN Exists
The Problem with Current Stablecoin Borrowing
Isolated Positions (MakerDAO/Liquity): One vault per asset. Five assets, five loans, five liquidation risks.
Pooled Risk (Aave/Compound): "Safe" assets only. Your collateral backs everyone's loans, and their bad debt is your problem.
Isolated Money Markets (Morpho/Euler): One market per pair, each needing its own lenders. Same fragmentation, thinner liquidity.
Ripe's Solution: Unified Multi-Collateral Borrowing
Traditional: ETH → DAI Position 1
WBTC → DAI Position 2
USDC → Can't use
Ripe: Stock tokens + ETH + Stablecoins + Yield positions
↓ (all combined)
One GREEN Loan at Weighted TermsEvery supported asset you deposit backs the same GREEN loan, each on its own terms. Your risk stays yours: nobody else's blowup touches your position.
Complementary, Not Competitive
Other protocols are great at yield, and Ripe turns their yield-bearing tokens into collateral. Where a token is supported, it keeps earning while it backs your loan: lending-market tokens keep accruing interest, vault shares keep compounding. Earn there, borrow here.
Built for the Entire Ecosystem
How GREEN Works
Creation Through Borrowing
Borrowing is the main way GREEN comes into existence:
Deposit Collateral: Any supported asset — stock tokens, WETH, stablecoins, yield positions
Borrow GREEN: New GREEN is minted against your collateral, up to each asset's LTV
Pay Interest: At your position's weighted rate, plus a dynamic boost if GREEN needs defending
Origination Fee (Daowry): A one-time fee taken from the borrow. It goes to sGREEN holders; governance can split part of it toward a RIPE buyback allocation, and the default sends all of it to sGREEN
Example:
Borrowing isn't the only mint. GREEN is also created when:
interest that has accrued across the protocol is realized — it's minted alongside the next borrow and sent to sGREEN (and the buyback allocation, if one is set);
someone mints through the PSM against its reserve stablecoin;
the treasury's stabilizer adds GREEN liquidity to the reference pool;
the treasury mints GREEN against a partner's assets for a liquidity partnership;
a keeper is paid for a liquidation (see below).
Destruction Through Repayment
Repay and the GREEN is burned, so supply expands and contracts with real borrowing demand:
Send GREEN: Return borrowed amount plus interest. Overpay and the extra comes back to you
Burn Forever: The GREEN applied to your debt is destroyed
Free Your Collateral: Less debt, more room to withdraw
GREEN also burns when it's redeemed for collateral, when a Stability Pool's GREEN or sGREEN settles a liquidation, when your own sGREEN pays down debt in a deleverage, when it's redeemed through the PSM, and when the treasury pulls GREEN out of the reference pool.
Cross-Chain Token Movement
GREEN moves between chains by burn-and-mint: the amount you send is burned on the source chain and minted to you on the destination. Each chain's deployment sets which bridge pool may mint there.
The Six Pillars of Stability
GREEN targets $1 through six mechanisms with different triggers. Several are redemption or conversion paths, so when GREEN drifts, arbitrageurs have more than one way to push it back.
1. Overcollateralization Foundation
Every loan overcollateralized: Each asset's LTV caps what it can borrow, and safer assets get higher LTVs
Portfolio effect: Stock tokens, ETH, stablecoins, and yield positions don't all fall together
Priced at every action: Each borrow, withdrawal, or liquidation re-values your whole position with live oracle prices
Warning zones first: Redemption and deleverage come before liquidation
2. Dynamic Interest Rate Response
When GREEN is weak, borrowing gets more expensive, so borrowers buy GREEN to repay — and that buying supports the peg. Ripe reads the signal from a GREEN reference pool. Every time someone uses the protocol, it records a snapshot of the pool's GREEN share; the rate signal is the time-weighted average of those snapshots, using the lower reading of each consecutive pair so a single spike can't raise anyone's rate. Above the danger trigger, a boost is added to base rates, and it grows the longer the pool stays there — up to a hard cap. The danger clock only resets once the pool has been safe for a sustained window, not on the first good reading. Intervals with too long a gap are dropped, and if the latest snapshot is stale (a quiet protocol records no snapshots) there's no signal at all and everyone pays their base rate.
Full mechanics: Dynamic Interest Rates.
3. Direct Redemption Mechanism
Once a position falls into the redemption zone, any GREEN holder can redeem against it: pay GREEN at $1, receive collateral at oracle price. No discount, no penalty; the borrower's debt drops by the same amount. Amounts round down.
Someone has to submit the transaction, and it only works while positions sit in the redemption zone — in calm markets there may be nothing to redeem. It switches on when stress pushes positions toward liquidation, which is when GREEN needs it most.
4. Stability Pool Redemption Mechanism
A second redemption path runs through Stability Pools:
Pools hold the collateral they bought in liquidations
If governance has enabled it, GREEN holders can redeem 1 GREEN for $1 of that collateral at oracle price
Only while a pool holds collateral to claim — no recent liquidations, no pool redemptions
Both paths fill up during market stress: more liquidations mean more collateral in the pools and more GREEN demand, right when it's needed.
5. Endaoment Treasury Operations
The Endaoment is the protocol-owned treasury. Payments for bonds and Reserve Engine allocations land there, and governance deploys them for yield, liquidity, and peg defense.
The Stabilizer
Governance submits each stabilizer move; it isn't on a timer. Each move applies a fraction of the imbalance rather than forcing an exact 50/50 in one shot, and only executes if the treasury's net position doesn't get worse. Treasury GREEN is used before any is minted, and minting stops at the pool-debt ceiling.
Liquidity Management
Any supported venue: Swaps, liquidity adds and removes, and yield deposits through registered integrations
Partner programs: GREEN minted against a partner's assets and paired with them for deeper markets. This minting sits outside the stabilizer ceiling; any GREEN the pool doesn't take is burned
Self-funding: Fees and yield from these operations stay in the treasury
6. Peg Stability Module (PSM)
Forget complex arbitrage strategies. The PSM swaps GREEN for its reserve stablecoin (one stablecoin, fixed at deployment) at $1, in one transaction, in whichever direction governance has turned on.
Mint GREEN: Deposit the reserve stablecoin, receive GREEN 1:1 (minus a fee, if one is set). If you ask for sGREEN and the minted amount exceeds 1 GREEN, the whole amount is wrapped into sGREEN
Redeem GREEN: Burn GREEN or sGREEN, receive the reserve stablecoin 1:1 (minus a fee, if set)
No zone required: Unlike redemptions, the PSM doesn't need positions in the redemption zone or collateral in a pool — just reserves
The Fine Print
Quotes use the reserve stablecoin's oracle price or 1:1, whichever gives you less. Per-interval limits cap how much can be minted or redeemed, and governance can require an allowlist during rollout. Recognized Underscore vaults skip the limits, the allowlist, and the fee, and get the better quote on redemption. If governance has set a yield vault, the PSM parks its whole idle reserve balance there and pulls it back when a redemption needs it. Redemptions are capped by total reserves, idle plus in the vault.
Bottom line: when GREEN trades off-peg, the PSM is the shortest path to closing the gap.
Additional GREEN Ecosystem Features
Bad Debt Resolution
If extreme conditions leave bad debt on the books, bond payments clear it, and the RIPE for that portion is accounted separately from the bond allocation. Governance administers RIPE's 1 billion cap as protocol-wide policy across all chains, and bad-debt recovery is the one case where RIPE can be issued beyond it — the shortfall is socialized across holders rather than left sitting under GREEN. Detail: RIPE Tokenomics.
Protocol-Wide Integration
GREEN is the only borrowable asset in Ripe Protocol
Liquidation debt is settled in GREEN: auctions pay GREEN, and Stability Pools pay from their GREEN and sGREEN or hand non-GREEN assets to the treasury
Deleverage is a separate way debt comes down, spending your sGREEN and stablecoin positions
Keeper Network Protection
Anyone can trigger a liquidation once a position is past its threshold; bots watch around the clock
The keeper's reward is minted as sGREEN (the keeper can ask for GREEN; dust is paid as GREEN) and added to the borrower's debt
Liquidation fees are charged once per liquidation episode, not on every retry
Fast liquidation keeps bad debt small
GREEN Throughout Ripe Protocol
Transform to sGREEN for Automatic Yield
sGREEN is GREEN's yield-bearing twin:
Set and forget: Deposit GREEN, receive sGREEN
Exchange-rate growth: Each sGREEN redeems for more GREEN as revenue arrives; no rebasing
Protocol revenue: Origination fees and borrower interest
Instant liquidity: Redeem for GREEN anytime
Stackable: Stability Pools accept sGREEN
Participate in Stability Pools
Deposit sGREEN or GREEN LP tokens in Stability Pools:
Three income sources: sGREEN yield, liquidation proceeds, RIPE rewards
Below-market collateral: Pools buy liquidated collateral at the asset's liquidation spread
Support the protocol: Your deposit is what makes orderly liquidations possible
No lockups: Withdraw whenever the pool holds what you're owed
Enable Borrowing Options
When you borrow, choose how the GREEN arrives:
Direct GREEN: For any use
Auto-sGREEN: Start earning immediately
Stability Pool entry: Straight into a pool, earning from day one
Earn RIPE Block Rewards
Multiple ways to earn RIPE with GREEN:
Borrowing GREEN: Larger, longer loans earn more
Stability Pool deposits: sGREEN and GREEN LP deposits earn RIPE
Time-weighted: Points accumulate on position size × time
Offset costs: Rewards cut your effective borrowing rate or boost pool returns
GREEN vs The Competition: A Clear Winner
vs Centralized Stables (USDC/USDT): You can't borrow them — you buy them. GREEN is minted against what you already own, and sGREEN earns while USDC sits idle.
vs Traditional Crypto Stables (DAI/LUSD): DAI wants a vault per collateral type. LUSD takes ETH only. GREEN takes your whole portfolio in one loan.
vs Algorithmic Experiments (UST): No real backing, inevitable collapse. Every GREEN loan is overcollateralized, and there's no lender to run on.
The key difference: GREEN is built for borrowers who want their whole portfolio working — one loan, one rate, one number to watch.
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. Yield that compounds while you sleep. Liquidation proceeds when others get rekt. A peg defended by six mechanisms, 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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