News Report Technology
August 19, 2024

GammaSwap Announces GS Tokenomics, Set To Launch Liquidity Bootstrapping Pool On August 30

In Brief

GammaSwap plans to introduce its governance token, GS, which is anticipated to enhance liquidity and further decentralize the protocol.

GammaSwap Announces GS Tokenomics, Set To Launch Liquidity Bootstrapping Pool On August 30

Onchain perpetual options protocol GammaSwap announced plans to introduce its governance token, GS, which is anticipated to enhance liquidity and further decentralize the protocol. GammaSwap intends to initiate the Liquidity Bootstrapping Pool on August 30th, with an airdrop scheduled to follow soon after. 

The GammaSwap Tokenomics is designed to discourage short-term speculative capital and optimize emission efficiency (EER). It provides rewards in the form of Escrowed GS (esGS) and Multiplier Points (MP). 

The GS token can be staked to earn 30% of the protocol’s revenue in ETH, along with esGS rewards and MP points. esGS, which is a non-transferable ERC-20 token, represents an escrowed form of GS. It is earned through staking and liquidity mining. Users can stake esGS to accumulate additional esGS, or they can vest it over a 30-day period. For vesting, users must reserve the LP tokens or GS tokens they originally used to earn the esGS.

MP are non-transferable ERC-20 tokens earned through staking, designed to reward stakers without causing inflation by boosting the APR on ETH rewards. The maximum cap for MP points is set at 100%, with the APR for MP points also at 100%. If a user withdraws GS or esGS from the staking vault, a corresponding portion of their MP points is burned.

The escrowed tokenomics system raises the opportunity cost of quickly selling rewards, delays inflationary pressure, and enhances the stability of LP positions.

GammaSwap Unveils Detailed Token Distribution And Vesting Schedule For GS Token 

According to the token distribution plan, 37% of the total GS token supply will be allocated to the treasury, 23% to the core team, 17% to investors, 15% to liquidity mining and staking, 5% to the LBP, 2% to the airdrop, and 1% to advisors. The total GS token supply is set at 1.6 billion tokens.

Additionally, a vesting schedule has been established for the Core Team and Private Investors. The Core Team will receive their tokens with a 12-month cliff, followed by 24 months of linear vesting. Private Investors will have a similar schedule but with 18 months of linear vesting after the initial 12-month cliff.

GammaSwap is a non-synthetic protocol where positions are established by borrowing liquidity from Automated Market Makers (AMMs). This approach allows it to provide leverage on any token without relying on an oracle. The protocol is compatible with any AMM that functions as a Constant Function Market Maker (CFMM), including platforms like DeltaSwap, Uniswap V2, and SushiSwap V2.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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