🍏GNS Token

The $GNS utility token powers our whole ecosystem.

GNS: Our Utility Token

Introduction

gTrade, our first product, wouldn't exist without the GNS token ($GNS). It acts as a mechanism of liquidity efficiency which helps us capitalise on our resources and offer the best trading experience - as well as returns for those participating in the ecosystem. Over its lifetime it has been net deflationary.

It started initially as the $GFARM2 token on Ethereum, which was fairly distributed in an ETH pool and a GFARM2/ETH LP pool. The dev fund and the gov fund had a 5% share of the token distribution (10% total). It was later bridged to Polygon, and had a 1:1000 split to $GNS.

• It supports the liquidity efficiency of vaults by minting rewards for our oracle bots and affiliates (referral links), allowing the asset to remain within the vault. This adds stability by supporting its over-collateralization.

• It balances our gToken (eg. gDAI) vaults via a minting and burning mechanism. Vaults are the short-term counterparty to all trades happening on gTrade, and $GNS is the long-term counterparty through this mechanism. You can read more about the vaults here.

• It ensures that people supporting the community early on will not have the percentage of their platform interest diluted by a large whale in future - it gives an equal playing field to community support.

• It is going to be one of the main ways to govern the protocol.

Until now, over 10% of the supply has been burnt through organic deflation generated by gTrade.

How to get GNS tokens?

On Polygon & Arbitrum: https://app.uniswap.org/#/swap?inputCurrency=0x8f3cf7ad23cd3cadbd9735aff958023239c6a063&outputCurrency=0xE5417Af564e4bFDA1c483642db72007871397896

Statistics

• Supply cap: 100,000,000 GNS -> used as failsafe mechanism, should never be reached.

• Initial supply: 38,500,000 GNS

• Total supply (fully diluted): Dynamic, see Dune Dashboard