$BREAD Community Currency
$BREAD is the community currency of the Bread Cooperative, running on Gnosis Chain. It's stable, spendable, and every token in circulation is backed 1:1 by xDAI — a stablecoin pegged to USD.
What makes $BREAD different from other stablecoins is what happens to the interest. When you mint $BREAD through the Bread Solidarity Fund, your xDAI gets put to work generating yield. That yield funds the cooperative and its member projects, distributed every month by a community vote. Your principal stays intact. Only the earnings get shared.
Download the Citizen Wallet app to send and receive $BREAD peer-to-peer today.
https://citizenwallet.xyz/
How it works
The Bread Solidarity Fund is a smart contract on Gnosis Chain. It accepts xDAI, converts it to sDAI, and mints $BREAD tokens at a 1:1 ratio with your deposit. The interest earned on the sDAI pool is distributed monthly to Bread's member projects, based on a vote from $BREAD holders. The more $BREAD you hold, the more voting power you have.
Yield is currently distributed to:
- Bread Core Team
- Citizen Wallet
- Crypto Commons Association
- Gardens
- Labor DAO
- ReFi DAO
- Regen Coordination
- Shared Treasury
- Symbiota Co-op
- Traditional Dream Factory
To learn more about how voting and yield governance work, see the Solidarity Fund section .
Useful info
How to participate in the Bread Solidarity Fund
Step-by-step guide:
https://paragraph.com/@breadcoop/how-to-participate-in-the-bread-solidarity-fund
Contract address (Gnosis Chain)
0xa555d5344f6fb6c65da19e403cb4c1ec4a1a5ee3
View on explorer:
https://gnosisscan.io/token/0xa555d5344f6fb6c65da19e403cb4c1ec4a1a5ee3
Where to use your $BREAD
From events to donations to token-gated community spaces, there are a growing number of places where $BREAD is accepted.