Once 100 Million GAMMA has been completely distributed, there will be no new GAMMA created. As the protocol earns & buys GAMMA it flows to the GAMMA reserve that will then be distributed to users of the protocol to continue to incentivize usage across all planets. This will ensure the longevity of Planet Finance. A full green paper will be released soon.
GAMMA Token Utility
GAMMA is the highest form of energy in the universe & therefore it’s only right that it has infinitely expanding utility! Here’s the planned utility of GAMMA, this list will continue to grow as Planet Finance evolves.
3 Levels — Increased Yields & Reduced Fees Taken By The Protocol When Staking GAMMA Relative To Your Collateral
Stake GAMMA To Earn More GAMMA (GAMMA Vault)
To Incentivize Liquidity Providers In The GAMMA/AQUA Liquidity Pool
Provides Incentive To Vaults & Liquidity Pools Across The Planets (Blue, Red, Uranus)
Liquidity Incentives to Suppliers & Borrowers On Green Planet
Supply & Borrow GAMMA On Green Planet
Buy & Sell NFTs With GAMMA on Pink Planet
Incentive For Planet Finance Index Vaults
Gamification Of Planet Finance
How Does The GAMMA Stake Ratio Work?
Stake Ratio Levels — Earn More To Lend & Pay Less To Borrow
Staking GAMMA comes with a tremendous incentive to holders. Green Planet has 3 stake ratio levels that allow you to both increase your yields while supplying & reduce your borrowing rate. The “stake ratio” refers to the USD value of your GAMMA staked as a percentage relative to the total amount of assets you’re supplying as collateral.
These stake ratio percentages refer to the USD value of your GAMMA staked as a percentage relative to the total USD value of assets you’re supplying as collateral.
Read the full medium article about Green Planet & GAMMA here.
Initial Liquidity Pool For GAMMA
AQUA-GAMMA will be listed across the planets & will receive trade fees as well as an allocation of GAMMA each day as incentive to liquidity providers.
All protocol profits that aren’t used to buy or burn AQUA & GAMMA go into the reserve fund. The assets that flow into the reserve fund will be used to either supply liquidity, burn AQUA or buy GAMMA unless the community votes to change this. Adding liquidity to the protocol is critical as it ensures there’s a liquidity buffer to allow users to pull their funds out of the protocol. To date, this has been a critical issue in other lending protocols where suppliers have had issues being able to fully remove their liquidity in a timely manner.
The liquidity reserve combined with our unique interest rate model will mitigate this liquidity risk & minimize the time frame in which there’s any potential short term liquidity issues on Green Planet.
Utilizing Chainlink’s Pricing Oracles
Some of the largest problems with DeFi protocols have been Flash Loan attacks and manipulatable pricing data. Both of these are preventable by using Chainlink’s pricing oracles. A pricing oracle pulls in the current price of an asset from multiple sources, this makes it increasingly difficult for a bad actor to temporarily manipulate the price of an asset. We’ve completely removed the ability to do Flash Loans within the Green Planet Protocol.
We’re excited to announce that we’re going to be working with Chainlink Labs to implement Chainlink’s pricing oracles on Green Planet. Much more details to come on this as we approach the launch of Green Planet & GAMMA.
GAMMA Allocation To The Foundation
100,000 GAMMA will be distributed each day, of that, 10,000 GAMMA will flow to the foundation. This GAMMA allocation will be used to fund ongoing development & innovation, legal costs, marketing expenses & more.
Our mission is for GAMMA to be as fairly distributed as possible. We aim to have the lowest “team allocation” in the DeFi space. Just a reminder we took ZERO AQUA allocation for the team, all AQUA held by the team has been bought or earned.
Incentive To Share Green Planet
The community has asked for an affiliate aspect to help grow Green Planet. We will be releasing specific details on the affiliate program soon.