GND Protocol | Yield-Bearing Stablecoin & Farm
  • 🟩GND Protocol Overview
    • GND Protocol
    • How GND works
    • #RealYield Revenue Sources
    • Earning Strategies
    • Launch Details
    • Deflationary Tokens
  • ⚙️OTC Engine
  • 💰gmUSD Working Mechanism
    • What is gmUSD?
    • Yield-Bearing Mechanism
    • PSALM
    • Incentivization
    • Black Hole Liquidity
    • Launch and Market-Making
  • 🌟GND Token
    • Tokenomics
    • Token Sales Details
    • $GND Deflationary Mechanisms
    • Uniswap V3 Liquidity Engine
    • Dynamic Buy Back System
  • 🔥zGND
    • What is zGND?
    • How to utilize zGND?
    • How to mint/redeem zGND?
    • How to mint/redeem zGND?
    • Earning Strategies with zGND:
    • Advantages of zGND
  • 🍥gETH
    • Core Functions
    • Minting and Redeeming
    • Target Collateral Weights
    • Utilities and Yield-Earning Mechanism
    • Oracles and Cross-Chain Interoperability
    • gETH Revenue Model
    • Core Benefits of gETH
  • 💥XGND Token
    • Tokenomics
    • Utilities
    • Burning GND with xGND
    • Voting Mechanism
    • Cash-Back Machine
    • Vesting Options
  • 👩‍🌾GND Farm
    • Introducing GND Farm
    • Available Farming Pairs
    • Launch/Farm Partners
    • Emissions
  • 🔗Protocol Links
    • Dapp
    • Contracts
    • Audits
    • Socials
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  • 1. Buyback & Burn
  • 2. xGND Redemptions
  • 3. xGND Deallocations
  1. GND Token

$GND Deflationary Mechanisms

In addition to the hard cap set on GND's supply, we also implemented some deflationary mechanisms in order to reduce the total supply.

1. Buyback & Burn

A share of the protocol earnings (40-60%) is dedicated to buyback & burn, in order to apply continuous buying pressure on it.

2. xGND Redemptions

When converting xGND to GND, if the vesting duration isn't the maximum, the xGND:GND ratio will be lower than 1:1, down to a minimum of 1:0.5. All of the GND excess will automatically be burned.

For instance, if a user redeems 1000 xGND with the 20 days vesting duration, he will obtain a 1:0.5 ratio, and receive 500 GND in the end.

=> That means a total of 1000 - 500 = 500 GND will be burned during the process.

3. xGND Deallocations

When xGND is staked, a deposit tax is applied. It can vary between contracts, but will usually be 2%.

=> The corresponding GND amount will automatically be burned.

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Last updated 2 years ago

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