$GNS Single-Sided Staking goes live in under 2 weeks 🍏
Here's how we're bringing #RealYield to our native token:
(thread 🧵)
Here's how we're bringing #RealYield to our native token:
(thread 🧵)
When a DeFi protocol offers "yield", the 2 most important questions to ask are:
1/ Where is the yield coming from?
2/ Does the yield's means of distribution have stability?
Let's discuss both as they pertain to $GNS staking (coming in v6.2).
1/ Where is the yield coming from?
2/ Does the yield's means of distribution have stability?
Let's discuss both as they pertain to $GNS staking (coming in v6.2).
The vulnerabilities of emission-based yield came to light in the last cycle.
In contrast, #RealYield:
• Doesn't require an inflationary token
• Is far less correlated to market news and prices
• Distributes fees from a service that customers pay for
In contrast, #RealYield:
• Doesn't require an inflationary token
• Is far less correlated to market news and prices
• Distributes fees from a service that customers pay for
Our near-term goal is to lead the decentralized trading space. Long term, we have a more ambitious vision.
Enabling $GNS holders to have ownership of the platform is in line with both pursuits.
We're doing this by redirecting existing protocol fees to $GNS stakers (soon).
Enabling $GNS holders to have ownership of the platform is in line with both pursuits.
We're doing this by redirecting existing protocol fees to $GNS stakers (soon).
Once v6.2 is live, Stakers will earn:
• 40% of fees from market orders
• 15% of fees from limit orders
Given that ~70% of gTrades are market orders, this means that:
~32.5% of total order fees will go directly to our stakers! 🤝
• 40% of fees from market orders
• 15% of fees from limit orders
Given that ~70% of gTrades are market orders, this means that:
~32.5% of total order fees will go directly to our stakers! 🤝
To do so, our 0.06% trade closing fee will be redistributed ⬇️
Currently:
• 50% DAI vault
• 50% GNS-DAI LPs
Soon:
• 40% $GNS staking
• 40% DAI vault
• 20% GNS-DAI LPs
Currently:
• 50% DAI vault
• 50% GNS-DAI LPs
Soon:
• 40% $GNS staking
• 40% DAI vault
• 20% GNS-DAI LPs
Market and limit order fees will also be simplified ⬇️
Current:
• 0.06% on market orders
• 0.08% on limit orders
• 0.5% on collateral (closing)
Soon:
• 0.08% on both market + limit orders
No more collateral fees + 0.02% on market orders that go directly to $GNS stakers!
Current:
• 0.06% on market orders
• 0.08% on limit orders
• 0.5% on collateral (closing)
Soon:
• 0.08% on both market + limit orders
No more collateral fees + 0.02% on market orders that go directly to $GNS stakers!
Users will have the option to stake up to 3 of our NFTs to increase their share of $GNS staking rewards.
Boosts per NFT Tier:
• 2% ➔ Bronze
• 3% ➔ Silver
• 5% ➔ Gold
• 8% ➔ Platinum
• 13% ➔ Diamond
(+ other existing NFT perks like LP boost and spread reductions)
Boosts per NFT Tier:
• 2% ➔ Bronze
• 3% ➔ Silver
• 5% ➔ Gold
• 8% ➔ Platinum
• 13% ➔ Diamond
(+ other existing NFT perks like LP boost and spread reductions)
We're excited to be sharing a glimpse of what's to come in the next few weeks.
It's all a part of our vision to build the most liquidity-efficient, user-friendly, and community-centric decentralized trading platform.
It's all a part of our vision to build the most liquidity-efficient, user-friendly, and community-centric decentralized trading platform.
That's all for the thread - we'll let you get back to gettin' gains! 🍏
But before you do:
Help us share #RealYield with a RT of this thread ⬇️
But before you do:
Help us share #RealYield with a RT of this thread ⬇️
https://twitter.com/GainsNetwork_io/status/1558082907574603784
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