Glo Dollar | Ethereum | 02.04.2025

src/content/protocols/glodollar.md

@@ -0,0 +1,122 @@
+---
+protocol: "Glo Dollar"
+website: "https://glodollar.org"
+x: "https://x.com/glodollar"
+github: ["https://github.com/Glo-Foundation"]
+defillama_slug: ["/stablecoin/glo-dollar"]
+chain: "Ethereum"
+stage: 0
+reasons: ["remove", "if none"]
+risks: ["x", "x", "x", "x", "x"]
+author: ["author-1", "author-2"]
+submission_date: "1970-01-01"
+publish_date: "1970-01-01"
+update_date: "1970-01-01"
+---
+
+# Summary
+
+Glo Dollar (USDGLO) is a U.S.-issued, 1:1 fiat-backed stablecoin that donates 100% of its profits to public goods and charities.   
+
+# Overview
+
+## Chain
+
+Glo Dollar is deployed on 8 chains: Ethereum mainnet, Optimism, Base, Arbitrum, Polygon, Celo, Stellar and VeChain. This submission is for our Ethereum deployment, which is a stage 2 fully decentralized chain.
+
+Chain score: low
+
+## Upgradeability
+
+Glo Dollar’s contract is upgradeable.
+   •  Upgrades are managed by the multi-sig
+   •  There is no time-lock delay
+   •  All upgrades emit events for transparency.
+
+Upgradeability score: High
+
+
+## Autonomy
+
+USDGLO is backed 1:1 by cash and/or U.S. Treasuries, managed by Brale. Glo Dollar and Brale ensure transparency and accountability through monthly independent attestations, verifying reserves meet or exceed circulation per AICPA standards. While reserves are held with a third-party custodian, regular oversight and rigorous treasury management help mitigate associated risks
+
+
+Autonomy score: High
+
+
+## Exit Window
+
+Glo Dollar does not have an exit window. Note that USDGLO is always redeemable 1:1 through our issuing partner Brale. 
+
+Exit Window Score: High
+
+
+## Accessibility
+
+N/A as we are a token, not a dApp. 
+
+
+
+# Technical Analysis
+
+## Contracts
+
+| Contract Name | Address |
+| ------------- | ------- |
+| GloDollarV3    | 0xF8Dbe4f52b7d4fe90CD360AA4f49B7A66783C56f   |
+| ERC1967Proxy   | 0x4F604735c1cF31399C6E711D5962b2B3E0225AD3   |
+
+## Permission owners
+
+| Name | Account                                       | Type         |
+| ---- | --------------------------------------------- | ------------ |
+| Minter       | [address](https://etherscan.io/address/0x18216283a5045E8719D0F8B3617Ab6B14fC4d479) | Multisig 4/7 |
+| Admin        | [address](https://etherscan.io/address/0x284797b8dA4909755FCA06Fa02BF81c0dae9a0E3) | Multisig 2/4 |
+| Denylister   | [address](https://etherscan.io/address/0x1135A985908639b5a218B351d16A61e084CFF7a1) | Multisig 2/3 |
+| Upgrader     | [address](https://etherscan.io/address/0xDf04400bBE27Cbe51F53737AFC446c04F355cC5B) | Multisig 2/3 |
+| Pauser       | [address](https://etherscan.io/address/0xeBE0ef4cF72e9ACf37F4337355b56427a09C8F89) | Multisig 2/3 |
+| Backup admin | [address](https://etherscan.io/address/0x4ff994674c2B2c385Ab225C1164844cf15dDbb6a) | Multisig 2/4 |
+| Minter 2     | [address](https://etherscan.io/address/0x284797b8dA4909755FCA06Fa02BF81c0dae9a0E3) | MPC 2/3 |
+
+
+## Permissions
+
+| Contract      | Function     | Impact      | Owner                   |
+| ------------- | ------------ | ----------- | ----------------------- |
+| GloDollarV3     | mint   | Mints Glo Dollar  | MINTER_ROLE |
+| GloDollarV3     | burn   | Burn Glo Dollar   | MINTER_ROLE |
+| GloDollarV3     | pause  | Pauses the contracts   | PAUSER_ROLE |
+| GloDollarV3     | unpause  | Unpauses the contracts   | PAUSER_ROLE |
+| GloDollarV3     | denylist  | Denylists a specific address from interacting with Glo Dollar   | DENYLISTER_ROLE |
+| GloDollarV3     | undenylist  | Removes denylist for an address, re-allowing interacting with Glo Dollar   | DENYLISTER_ROLE |
+| GloDollarV3     | destroyDenylistedFunds  | Removes denylist for an address, re-allowing interacting with Glo Dollar   | DENYLISTER_ROLE |
+| GloDollarV3     | upgradeTo  | Upgrades contract to a new contract address   | UPGRADER_ROLE |
+| GloDollarV3     | upgradeToAndCall  | Upgrades contract to a new contract address   | UPGRADER_ROLE |
+| GloDollarV3     | grantRole  | Grants a role to an address   | ADMIN_ROLE |
+| GloDollarV3     | revokeRole  | Removes a role assigned to an address   | ADMIN_ROLE |
+
+## Dependencies
+
+No external dependencies.
+
+## Exit Window
+
+No timelocks.
+
+# Security Council
+
+| Requirement                                             | Minter  | Admin   | Denylister | Upgrader | Pauser | Backup admin | Minter 2 |
+| ------------------------------------------------------- | ------  | ------   | ------     | ------   | ------ | ------       | ------ |
+| At least 7 signers                                      | ✅      |  ❌     | ❌         | ❌      | ❌     | ❌           | ❌     |
+| At least 51% threshold                                  | ❌      |  ❌     | ❌         | ❌      | ❌     | ❌           | ❌     |
+| At least 50% non-team signers                           | ✅      |  ❌     | ❌         | ❌      | ❌     | ❌           | ❌     |
+| Signers are publicly announced (with name or pseudonym) | ❌      |  ✅     | ✅         | ✅      | ✅     | ❌           | ❌     |
+
+
+
+ ✅ /❌ |
+ ------ |
+ ❌     |
+ ❌     |
+ ❌     |
+ ❌     |