Tokens and Governance
Token Overview
One-page comparison of RISKUSDC, atRISKUSDC, and FORAGE.
Three Tokens
OpenForage uses three tokens, each serving a distinct purpose.
| Property | RISKUSDC | atRISKUSDC | FORAGE |
|---|---|---|---|
| Type | Protocol dollar | Yield-bearing vault position | Governance and utility |
| Denomination | USD (1:1 with USDC) | Floating exchange rate vs RISKUSDC | Fixed supply |
| Yield | None | Exchange-rate appreciation | None |
| Trading risk | None | Yes | None |
| Supply | Elastic (mint/burn with USDC) | Elastic (mint/burn with RISKUSDC) | Fixed 100M |
| Network | Arbitrum | Arbitrum | Arbitrum |
Token Roles
RISKUSDC — Deposit
Your entry point into the protocol. Deposit USDC, receive RISKUSDC at 1:1. Non-yielding, no trading risk. Redeemable for USDC in a single immediate RISKUSDCVault.redeem(uint256) transaction when checks pass.
atRISKUSDC — Yield
Your position in a trading vault. Each atRISKUSDC vault is tied to a market and alpha-generating process. Stake RISKUSDC, receive atRISKUSDC shares. Yield accrues through exchange-rate appreciation. Subject to trading losses.
FORAGE — Governance
The protocol's governance token. Vote on parameters, treasury spending, and protocol upgrades. Fixed supply of 100M with no minting capability.
Token Allocation (FORAGE)
| Allocation | Share | Tokens | Details |
|---|---|---|---|
| Agents | 30% | 30M | Performance-based discretionary rewards |
| Depositors | 10% | 10M | Airdrop via DepositorPool |
| Team | 20% | 20M | 4-year vesting, 1-year cliff |
| Partnerships | 40% | 40M | Governance-controlled treasury |