GT3 launch
We are thrilled to announce the launch of GT3.Finance, a cutting-edge Automated Market Maker (AMM) designed to deliver deep liquidity, minimal swapping fees, and low slippage, all while serving as a public good to foster the growth of the decentralized finance (DeFi) ecosystem
GT3 is the first 4th generation DEX operating on the Polygon blockchain.
1. Overview
GT3.Finance is committed to rewarding liquidity providers and active governance participants through our native token, GT3, and its vote-escrowed counterpart token, the xGT3.
- xGT3 Holders or GT3 lockers:Lock GT3 tokens to receive xGT3, enabling you to vote on which liquidity pools should receive GT3 emissions. In return, voters earn trading fees and additional incentives from the projects they support.
- Projects: the ones who bribe GT3 lockers to vote for their pools.
- Liquidity Providers (LPs): Earn GT3 emissions by supplying liquidity to their pools.
- Users: Interact with pools and get better prices and lower fees because of the size of pools.
This structure ensures incentives are directed toward the most valuable pairs, promoting a robust and efficient ecosystem.
2. Tokenomics
- Initial Supply: 200 million GT3 tokens.
- Weekly Emissions: Begin at 140 million GT3 (70% of the initial supply) with a decay rate of 1% per week.
- xGT3 Mechanics: Lock GT3 tokens for up to 2 years to receive veGT3, following a linear scale:
- 100 GT3 locked for 2 years = 100 veGT3
- 100 GT3 locked for 3 months= 25 veGT3
- Rebasing: xGT3 holders benefit from a rebasing mechanism that adjusts supply proportionally, reducing dilution and aligning incentives for long-term participation.
3. Bribing Mechanism
GT3.Finance introduces a built-in bribing system that allows anyone to incentivize votes for their preferred liquidity pools.
- Bribe Distribution: Rewards are distributed exclusively to GT3 lockers who voted for the incentivized pool, proportional to the votes cast.
- Claim Period: Bribes can be claimed 24–48 hours after the vote snapshot, ensuring timely and transparent reward allocation.
4. Whitelisting and Governance
To maintain the integrity of our platform, GT3.Finance employs a streamlined whitelisting process:
- Proposal Submission: xGT3 holders with at least 100.000 xGT3 can propose new gauges.
- Voting Process: The community votes to approve or reject proposed tokens, with a default pass if a quorum is not met.
- Oversight: A dedicated committee, the “Commissaire,” has the authority to veto malicious proposals, safeguarding the protocol from potential exploits.
5. Initial Distribution
Our distribution strategy is designed to engage a broad spectrum of participants:
- Incentives vault (30%): 60 million GT3 distributed to liquidity providers during the next 10 years.
- Community Allocation (55%): 110 million GT3 reserved for the [original] TUT holders community to ensure ongoing development and support.
- DAO treasury (8%): 15 million GT3 granted to strategic partners and DAOs to foster collaboration and ecosystem growth.
- Team Allocation (Tutellus, 5%): 10 million GT3 reserved for the GT3.Finance team to ensure ongoing development and support.
- Genesis Pool (1%): 5 million GT3 allocated to bootstrap key liquidity pairs during the initial launch phase.
6. Roadmap and Future Developments
GT3.Finance is dedicated to continuous improvement and innovation. Our future plans include:
- Enhanced User Interface: Developing a more intuitive and user-friendly platform to improve user experience.
- Advanced Pool Features: Introducing customizable pool fees and concentrated liquidity options to serve diverse trading strategies better.
- Governance Enhancements: Empowering xGT3 holders with more control over protocol parameters and decision-making processes.
7. Join Us
We invite you to be part of the GT3.Finance community.
- Website: https://www.gt3.finance
- Twitter: https://twitter.com/GT3Finance
- Medium: https://medium.com/@GT3Finance
Together, we can drive the future of decentralized finance, creating a more inclusive and efficient financial ecosystem for all.
