Gambit: Chapter II

  • Improving the tokenomics of GMT and xGMT
  • Adding more utility for GMT and xGMT tokens
  • Securing the resilience of the USDG peg
  • Increasing usage
  • Further decentralisation

Fee Distribution

xGMT Distribution

  • Months 1–3
    - GMT/USDG pair: 1200 xGMT tokens
    - xGMT/USDG pair: 2400 xGMT tokens
    - Total: 3600 xGMT (the total would vary based on when this proposal is implemented)
  • Months 4–6
    - GMT/USDG pair: 800 xGMT tokens
    - xGMT/USDG pair: 1600 xGMT tokens
    - Total: 2400 xGMT
  • Months 7–9
    - GMT/USDG pair: 400 xGMT tokens
    - xGMT/USDG pair: 800 xGMT tokens
    - Total: 1200 xGMT
  • Months 10–24
    - GMT/USDG pair: 100 xGMT tokens per month
    - xGMT/USDG pair: 200 xGMT tokens per month
    - Total: 4500 xGMT for 15 months
  • Lock for 3 months: 10%
  • Lock for 6 months: 20%
  • Lock for 9 months: 50%
  • 12 months: 100%

Bonds

Trigger Orders

  • Limit orders for swaps and leverage positions
  • Stop-loss and take-profit orders for leverage positions

Cross-chain

GambitDAO

  • All xGMT tokens in the treasury
  • Distribution of fees: the only constraint would be the minimum 10% for the XVIX project and minimum 20% for xGMT tokens
  • Whitelisting of tokens
  • The additional assets when the protocol is over-collaterised

Additional Proposals

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