Phirotto

A protocol for failed projects to distribute liquid assets back to community. By depositing the funds - the project allows token holders to receive a portion of treasury's remaining funds which are ultimately distrubuted in GHO. For people to not loose money in GHO borrowing - the proposed design distributes GHO 1:1 for any USD stablecoin the project deposits, with funds permissionlessly bridged to Optimism rollup and distributed in cheaper chain to account for smaller contributors

It's a mix of on-chain logics combined with off-chain merkle trees setup that helps manage the user's balances with lower on-chain footprint. The project integrates with GHO protocol and aims to become one of the facilitators that helps supply funds from broader Ethereum (and other chains) ecosystem. Current design distributes GHO token held in Phirotto's treasury and if the community approves the facilitator role - we can start minting GHO for stablecoins deposits 1:1 or at slightly over-collateralized conditions for token holders to get the maximum amount of stablecoins from their initial contributions while still helpшng GHO get additional liquidity