💚GNS Staking

Stake $GNS to get a share of the gTrade revenue!

Note: Following a Snapshot vote, all staking rewards are being used to buy back and burn (BB&B) $GNS from the open market. This will continue indefinitely until a new vote is passed.

Keep track of the $GNS burn metrics here ➡️ https://gains.trade/staking

• Or this Dune dashboard

For more details on the $GNS tokenomics, refer to GNS Token

Staking GNS

In July 2024, gTrade introduced the Buyback and Distribute model (BB&D) to reward $GNS stakers with 55% of the protocol’s revenue. This allocation is now used to buyback & burn $GNS from the open market.

The tokenomics have been designed to adapt over time, ensuring flexibility in response to both community demand and market conditions. $GNS holders may stake their tokens to earn a share of the gTrade’s revenue in case direct revenue sharing (SSS or BB&D) is turned back on. In the meantime, all $GNS holders are seeing revenue sharing through continuous buybacks & burns.

Buyback & Burn

Around 60% of the open and close fees generated by the platform ($USDC, $DAI, $WETH) are used to buy back $GNS OTC using the 1 hour TWAP + a 1% premium to ensure a reliable arbitrage opportunity. Buying back $GNS with the non-GNS collaterals both creates a sustained buying pressure and a more stable price floor, as well as helps retain value within the ecosystem.

The revenue can be distributed to $GNS stakers, the governance fund, or the burn address. This allocation of revenue is flexible and is currently set to: 90% $GNS burn (60% * 0.9 = 54%), 10% governance fund (60% * 0.1 = 6%).

You can read more about the Buyback & Distribute (or Burn) tokenomics in this Medium article.

Audit

Our staking contract has been audited here: https://github.com/pashov/audits/blob/master/solo/gTrade-security-review.md

$GNS Staking FAQ

Are my staked $GNS locked for a certain period of time?

There is currently no timelock for staking $GNS, and you are able to withdraw at any time.

What's the difference between the buttons "Harvest" and "Compound"?

Harvest transfers your rewards to your wallet. Compound harvests your rewards and restakes them, in a single transaction.

I staked before September 30, 2023 and I can't find my staked $GNS. Where are they?

Your $GNS is in the deprecated vault. The staking vault was upgraded in late September 2023, and you can unstake your $GNS from the old vault here: https://gains.trade/staking-legacy