Utilities and Yield-Earning Mechanism

The intrinsic value of gETH will be equal to 1 ETH, while sgETH value will increase in comparison to ETH (ie. 1 sgETH = 1.25425 ETH)

To earn yield, gETH holders can:

  • Stake their gETH and receive sgETH to earn a part of the LSD yield (similar to frxETH and sfrxETH, where gETH value is pegged to 1 ETH, while sgETH value will be yield-bearing. For example, after 1 year of 10% APR, sgETH will be worth 1.1 ETH)

  • Farm gETH LP pairs, which will be incentivized with xGND and GND on GND protocol.

  • Collateralize to mint yield-bearing stablecoins on partnered Liquity forks

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