Whitelisted members will be able to mint at a discount on launch day to accumulate our first batch of reserve.
75% of the initial mint will be converted into GLP
The other 25% will be used to form Uniswap V3 protocol-owned liquidity for receipt tokens(gmdUSDC, gmdETH, gmdBTC), allowing users to enter/exit their vault positions when unstake is disabled.
100% of the fees collected from the protocol-owned liquidity and our other underlying assets will be distributed to $GMD hold-and-stakers. The GLP reserve will be also used to absorb single-staking volatility and ensure delta neutrality.