> For the complete documentation index, see [llms.txt](https://gmd-protocol.gitbook.io/gnd-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://gmd-protocol.gitbook.io/gnd-protocol/geth/utilities-and-yield-earning-mechanism.md).

# 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)

<figure><img src="/files/XheiqdxHDMAm2SwWYScN" alt=""><figcaption></figcaption></figure>

### To earn yield, gETH holders can: <a href="#id-4c5c" id="id-4c5c"></a>

* 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

<figure><img src="/files/7WDgP8QJeuGF9b6DfDIf" alt=""><figcaption></figcaption></figure>