GMD Protocol LaunchWe have received some good news with the audit report, which will be released soon. Hence, here is the long awaited information on the protocol’s official launch.

Whitelist:There will be 7k $GMD to be minted at around 27–33% discount against market price for whitelisted members. We believe this is rewarding enough for our early supporters and also fair for spot buyers. At 28$ market price for example, the mint price would be 19.5–20.5$. The exact number will be decided when mint occurs.

Whitelisted members will be notified of the time of the mint ahead. Since we expect the whitelist mint to sell out very quickly, we advise whitelisters to stay alert of the mint time and be present to contribute.

Public:Once the whitelist mint is over, we will announce and open for the public to contribute. The mint price, however, will be only at a 15% discount against market price. There will be 13k tokens for the public to mint.

Note: All minted tokens will be linearly vested for 5 days.

To encourage minters not to sell their tokens, we will start distributing #realyield revenue for $GMD stakers 3 days after mint day, which will drive up demands for $GMD.

$GMD stakers receive platform revenues in fees generated from protocol-owned liquidity and protocol-owned GLP.

Reserve:75% of raised funds will be used to purchase $GLP, while 25% will be used to form protocol owned liquidity with the following pairs:

gmdUSDC — USDC, gmdETH -ETH, gmdBTC -BTC, GMD — USDC, GMD — ETH

POLs will allow people to enter/exit the vaults when stake/unstake is disabled and arbitrage the price of receipt tokens. Again, all fees generated by POLs and $GLP in reserve will be distributed to $GMD stakers.

Vault:Our single-stake vault will also be opened as soon as minting for whitelisters starts. If you are whitelisted, you can deposit and try out our delta-neutral vault. As soon as the whitelisted mint is done, the public will be made aware and can deposit if there is available room.

If the vault cap is full, you can always enter later as we raise the vault cap incrementally every few days. You can also purchase vault receipt tokens(gmdUSDC, gmdETH, gmdBTC) on uniswap to enter the vaults as well.

Vault cap on the first day: 250k usdc, 115 eth, 5.25 btc.