BGAP
BGAP
Everything BGAP does is written in the contracts. Price and income are not promised.
Reference Reference.
Jobs in the contracts
| Job | Contract |
|---|---|
| Bonds an agent; slashed to depositors on rejected trades | AgentRecord |
| Backs the agent's limit: up to 200 USDG per bonded BGAP | AgentMarket |
| Activates an Agent Desk; burned | AgentDesks |
| Underwrites agents' credit; earns the underwriting fee | UnderwriterPool |
| First loss behind the options vault; a stake above a threshold cuts the book's fee | Backstop |