CARRYWORKS
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Global Dollar (USDG)

Liquidation backstop

cwUSDGLiquidationsUSDG denominated100% out
Vault

0x58Fa3c9E…a0e13C7B

On the explorer

Sample market. The factory is not deployed, so nothing below was read from a chain.

APY since launch
40.71%
Total value
210,000 USDG
Price per share
1.0094
USDG
Depositors
27
Price per share
since launch · Aug 26, 2026

LAUNCHNOW1.0 USDG
Price per share since launch, 1.0094 USDG now.
The strategy

Liquidations

Capital that sits with a liquidator and buys collateral at the protocol discount when a position goes underwater. It earns nothing on a quiet week. That is the trade.

Creator
0xB721…630B
Strategy
Liquidator hot wallet · 0x0d47…D9E5
Capital right now

Idle in the vault
0 USDG
At the strategy
210,000 USDG
Deploy ceiling
100%
Deposit cap

uncapped

A withdrawal larger than the idle balance reverts. It does not queue, and nothing here pretends otherwise.

Market terms

Asset
USDG
Share token
cwUSDG
Deploy ceiling
100%
Strategy address
0x0d47…D9E5
Performance fee
15% of carry
Works' share of the fee
20% of it
Deposit cap
uncapped
Lifetime deposits
208,100 USDG
Lifetime withdrawals
0 USDG
Lifetime carry
1,960 USDG
Shares outstanding
208,045
Opened
Aug 26, 2026 · 10d ago
Owner
none — the vault cannot be paused or upgraded
Activity

EventDetailAmountWhen
Reportgain recognised770 USDG18h
Collecteddiscount returned from liquidator20,770 USDG18h
Deployedto liquidator hot wallet210,000 USDG3d