Voyage to V2: GYSR Token Redistribution

When our V2 goes live each Pool i.e. Geysers or Fountains will have a built-in token redistribution component. Of all the $GYSR that gets spent to multiply staking rewards, 80% will continue to flow to the Pool creator, but 20% will now be set aside. Set aside for what exactly?

These funds will be split between redistribution for long-term token holders and management by the GYSR treasury. 10% will be put into a special Pool (topped up on a monthly basis) where people can directly stake $GYSR tokens and be rewarded with more $GYSR. This offers investors a way to gain exposure to the success of our entire platform. The remaining 10% will be deposited into our treasury for continued growth, allowing us to hire additional people, conduct business development campaigns, fund community grants and so on.

The idea in making this change is we want to ensure that the GYSR ecosystem can offer sustainable community rewards without being dependent on an increasing supply of our own token. This is an important step in the growth of the GYSR ecosystem and puts our community first. We’ve made this change to our token mechanics because we want to build a project that is eventually user-owned and one where incentives are aligned between all participants. This 20% fee can be lowered, but not increased, depending on community feedback.

Please see below for a simple visual of this new approach:

-the GYSR Team