GMCash Boardroom Launch

New algorithmic stablecoin pegged 1:1 to GMX on Arbitrum.

DETAILS

• Boardroom
  • Stake $GSHARE in the Boardroom to earn $GMC rewards
  • 2% stake fee in Boardroom
  • No unstake fee during expansion; 5% fee during contraction – fees will be used to buy back $GMC
  • During expansion, newly minted $GMC rewards will be distributed as follows:
    • 100% — Reward to Boardroom stakers
  • Boardroom only prints new $GMC tokens when TWAP > 1.01
  • Epoch duration: 4 hours
  • Staked $GSHARE is locked for 48 hours (12 epochs). Every deposit/claim/withdrawal resets the lockup timer
  • $GMC rewards can be claimed any time, but not during contraction or upcoming contraction phase
  • All pending rewards will be burned when you unstake or exit

• Tokens
  • $GMC is the algo-stable, pegged 1:1 to GMX
    • Initial supply: 3,010
      • 3,000 — Genesis rewards
      • 200 — Initial liquidity (GMC/GMX)
  • $GSHARE is the shares token
    • Total supply: 1,000,100
      • 600,000 — Farming rewards (linearly vested for 365 days)
      • 150,000 — Dev fund (linearly vested for 365 days – 410.9 GSHARE/day)
      • 100,000 — DAO fund (linearly vested for 365 days – 273.97 GSHARE/day)
      • 150,000 — Insurance fund (linearly vested for 365 days – 410.9 GSHARE/day)
      • 100 — Initial liquidity (GSHARE/WETH)
  • $GBOND is bond token