# Utilities

## 1. Conversion - Redeeming GND

GND and xGND are mutually convertible into each other, but the process is different depending on the direction.

#### a. GND > xGND conversion

GND can be freely converted into xGND any time. The process is instant, and the ratio is 1:1.\


#### b. xGND > GND redeem

* The redeem process to convert xGND to GND implies vesting, the duration of which is selected by the user. The conversion ratio will increase proportionally with the vesting duration:
* The minimum vesting duration of 20 days will provide a 1:0.5 ratio
* The maximum vesting duration of 200 days will provide a 1:1 ratio
* If the selected vesting duration is lower than the maximum (ratio < 1:1), the unclaimed excess GND is burned.

## 2. Share of protocol revenue:

* xGND stakers will receive a 20% share of protocol’s revenue in $ETH.
* 2% of fees will be applied to xGND stakers to remove xGND out of circulation
* GND Protocol will utilize an RP point system to incentivize long-term stakers

#### How GND Protocol RP system works:

* 7,000 RP points will be emitted per 365 days
* 1 RP point has the yielding power equals to 1 xGND, depending on the staking pool
* Unstaking xGND means losing all of your RP points.&#x20;



## 3. Emission- Directing voting mechanism:

* Another utility of xGND is to direct emissions to LP token pairs. This is achieved through voting for the pair.
* Each wallet/user can choose ONLY 1 LP pair to boost emissions by voting with their staked xGND

For example, If the base allocation point of GND - ETH pool is 2000 out of 10000 total allocation points, a staker with 1000 xGND staked can vote for GND-ETH pool, increasing the allocations to 3000 points out of 11000 total. As a result, the emissions go from 20% of total to 27% total.\
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There are many strategies that one can employ with this mechanism, if they are a GND holder, they can vote for GND pairs to receive more emissions => higher APR => more demands. At the same time, other protocols who want to incentivize concentrated liquidity on uniswap v3 can also accumulate xGND to vote for their pairs to receive higher emissions.&#x20;



## 4. Access to GMD launchpad:

xGND stakers will also have access to GMD launchpad and projects on GMD launchpad will be incentivized via GND farm.&#x20;

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