Who it is for

CARRY buyers

USDG holders who want a defined weekly income on a stock they would not mind owning at today's price. They accept stock at S0 if the barrier breaks at maturity.

GUARD posters

Stock Token holders who want to keep their shares and buy protection below S0. They pay coupons out of a USDG prefund and get their stock back whenever the barrier holds.

Backstop depositors

USDG holders who want diversified CARRY exposure across many series without choosing them, inside governed caps. See Backstop.

BERRIER and sBERRIER holders

People who want exposure to protocol fees: buybacks stream to sBERRIER and reserves back a redeemable floor.

Keepers (anyone)

Every state change after creation is a permissionless crank. Anyone can call strike, observe or settle once it is due; some cranks pay a small USDG bounty.

Integrators

Wallets, brokers, vault curators and lending protocols that want to offer notes or lend against legs. Start at Build on Berrier.

Who it is not for

• US persons: Stock Tokens are not available to them.
• Anyone who needs their principal back in cash in every scenario.
• Anyone looking for leverage. There is none.