Tokenomics

GYND & bGYND

GYND is the protocol's utility and fee token, a direct claim on what the ecosystem earns. bGYND is its incentive twin: how rewards get paid, backed 1:1 by GYND.

GYND, the fee token

Revenue flows to GYND from multiple parts of the ecosystem, not borrowing alone: the CDP system generates borrower interest, and the DEX adds a second fee engine through trading activity.

Staking

Stakers earn a share of protocol revenue with no lock-ups, no vesting, and no withdrawal delays. Stake to earn, unstake anytime without penalty, and claim accrued rewards freely.

Staking or governance

GYND holders can stake for yield or register their tokens for governance, but not both at once. That creates a natural balance between passive revenue and active protocol direction.

The fee switch

Once the one-time, irreversible fee switch is activated, revenue share flows to GYND holders in perpetuity, with no mechanism for dilution, arbitrary modification, or revocation. The switch also permanently transfers borrow rate control to GYND holders. See Trust Model for the two launch paths.

Supply & allocation

10,000,000

Total GYND supply

70%

Allocated to the community

Allocation	Share	Notes
Community	70%	50% as GYND, 20% as bGYND incentives.
Team	15%
Treasury	10%
Advisors	5%

GYND tokenomics: 10,000,000 total supply. 70% community (50% GYND, 20% bGYND), 15% team, 10% treasury, 5% advisors. — GYND allocation across a 10,000,000 total supply.

bGYND, the incentive token

Instead of emitting GYND directly, the protocol distributes incentives as bGYND: rewards for liquidity, DropWave, and airdrops. 20% of the total GYND supply is reserved for bGYND incentives as part of the community allocation.

Introducing GYND and bGYND, the fee token and the incentive token

How bGYND works

Backed 1:1 by GYND — every bGYND is matched by GYND held by the protocol.
Stakeable — bGYND can be staked to earn rewards, just like GYND.
Convertible — convert to GYND for a small discount whenever you choose.