Introducing zGND: Liquid Staking Option for GND Protocol
Staking xGND has been and will continue to earn AMAZING real-yield ETH Revenue for GND Protocol’s investors. However, one pain point that we have identified from our staking mechanism is that we only allow our locked token — xGND — to be staked to earn the ETH yield.
This limitation has been a concern for many investors who desire more flexibility in yield-earning on top of GND Protocol. In response to this issue, the innovative zGND protocol emerges as a liquid staking option for the GND ecosystem — zGND
What is zGND?
zGND is an addition to the GND protocol that introduces liquidity to our staking process. By leveraging liquid-staking mechanisms, zGND allows users to stake their GND tokens while always being able to convert back to GND through the market. This innovation opens up new possibilities for investors who want to maximize the potential of their GND assets without risking illiquidity.
Instead of only being able to stake xGND to earn ETH revenue, users now have the option to stake zGND to earn 50% the yield of xGND, while remaining liquid, or provide GND-zGND liquidity to earn on GND Farm.
How to mint/redeem zGND?
zGND can beacquired by locking your GND.
zGND con only be redeemed back to GND through market selling with available GND-zGND LP Pairs on GND Farm
How to utilize zGND?
We will enable another staking pool on our staking page, where users will be able to stake their zGND to earn our real-yield ETH revenue.
Earning Strategies with zGND:
GND Protocol will provide users with 2 options to earn yield from zGND:
- Staking: Pure staking through our staking page to earn ETH yield
- LP-Farming: GND Protocol will provide an option for users to create GND-zGND LPs for others to trade on GND Protocol.
Advantages of zGND
- GMD Launchpad Integration: similar to xGND, zGND stakers will also be eligible for upcoming launchpads on GMD Launchpad.
- Enhanced Liquidity: By introducing liquidity to staking, zGND allows users to access their staked tokens at any time without waiting for the staking period to end. This feature provides investors with greater flexibility, enabling them to capitalize on emerging opportunities or handle unexpected financial needs promptly.
- Asset Utilization: zGND tokens can be utilized in various DeFi applications, including lending, borrowing, and yield farming. This unlocks additional potential for users to generate income and maximize their holdings, thereby enhancing the overall utility of GND tokens.
- Added Market Efficiency: The availability of liquid staking options like zGND fosters a more efficient market for those who are too risk-averse to lock their xGND for 200 days to earn yield.