GMCash
GMCash is an algorithmic token protocol that operates on Arbitrum, making it the first algo-token with an Insurance Fund that uses collateral with a real asset. This innovative solution is designed to adjust the stablecoin’s supply deterministically, which moves the price of the stablecoin towards a target price, bringing programmability and interoperability to DeFi. GMCash consists 3 tokens GMC: GMC’s algorithmic code maintains the price at a 1:1 ratio to GMX, pegging it at 1 GMX GSHARE: When the protocol is in the expansion phase, every epoch the freshly minted GMC is paid out to GSHARE stakers in the boardroom GBOND: When the Time-Weighted-Average-Price (TWAP) of GMC is below 1, users can burn their GMC for GBOND.GBOND is redeemable for GMC plus a bonus multiplier once the price is above 1, with the bonus going up the higher above peg the price is.
About GMCash
GMCash is an algorithmic token protocol that operates on Arbitrum, making it the first algo-token with an Insurance Fund that uses collateral with a real asset. This innovative solution is designed to adjust the stablecoin’s supply deterministically, which moves the price of the stablecoin towards a target price, bringing programmability and interoperability to DeFi.
GMCash consists 3 tokens
- GMC: GMC’s algorithmic code maintains the price at a 1:1 ratio to GMX, pegging it at 1 GMX
- GSHARE: When the protocol is in the expansion phase, every epoch the freshly minted GMC is paid out to GSHARE stakers in the boardroom
- GBOND: When the Time-Weighted-Average-Price (TWAP) of GMC is below 1, users can burn their GMC for GBOND.GBOND is redeemable for GMC plus a bonus multiplier once the price is above 1, with the bonus going up the higher above peg the price is.
