GammaSwap announces GS token economics: 2% for airdrop, LBP will start on August 30

ChainCatcher news, the perpetual on-chain options protocol GammaSwap announced on August 17 that it will soon launch its governance token $GS. In terms of token distribution, the total supply is 1.6 billion tokens, with 37% allocated to the treasury, 23% to the core team, 17% to investors, 15% for liquidity mining and staking, 5% for LBP, 2% for airdrops, and 1% for advisors.

GammaSwap's tokenomics design includes GS tokens, locked GS (esGS), and multiplier points (MP). GS tokens can be staked to earn 30% of protocol revenue (in the form of ETH), esGS rewards, and MP points. esGS can be obtained through staking and liquidity mining, and can be further staked or unlocked within 30 days. MP points are earned through staking, enhancing the APR of ETH rewards.

GammaSwap plans to launch LBP on August 30, with airdrops to follow. The protocol has been operational for nearly a year, with a cumulative perpetual options trading volume exceeding $100 million and a peak TVL of over $6 million.