GYFI Tokenomics and Token Sale

What is GYFI?

GYFI is the yield farming and governance token for the GSDI technology. By depositing Dai into lending pools, users can earn interest from GSDI passively while staking to earn GYFI rewards from strategies selected by the community. For instance, GYFI/ETH backed GSDI lending pools to provide AMM liquidity and fair distribution of GYFI.

GYFI functions

1. GSDI Lending Pools: Users deposit Dai in vaults with strategies which purchase GSDIs;
2. GYFI Farming: Strategies selected by governance may be farmed to earn GYFI rewards;
3. GDAO: GYFI holders vote in the Snapshot to govern the Gnosis Safe Snap;
4. Protocol Fee: A 0.3% GSDI fee may be activated by the GDAO to be distributed to GYFI burners.
5. Future Benefits: As 93% of supply is controlled by GDAO and thus GYFI holders, the GDAO may activate many benefits such as more farming rewards, boosts to users who stake or burn GYFI, or other ideas from the community.

Tokenomics

Total supply: 10m GYFI

92% (9.2m) to GDAO Treasury, to be unlocked over 5 years;

4% (0.4m) as GSDI-LP Vault Farm rewards, to be distributed over 6 months;

2% (0.2m) to be sold in token pool sales for developers;

2% (0.2m) to be sold in token pool sales by GDAO for its treasury.

Token Sale Details: DATE TBA

Our token sale will be conducted in our secured Dapp wherein each round, we will be accepting 3 currencies: BSC, ETH and DAI.

First Round will have a whitelisting process (more details coming soon) and the succeeding round of whitelisting will be conducted in our discord group.

If a round fails, the tokens will be reassigned to a new round and the sale schedule will be altered. Down rounds will be avoided.

Each round will last 24 hours or until the target is reached. Participating in a round requires applying for whitelisting. Rounds will begin at a predetermined time.

Five ‘Angel’ rounds for development funding. These funds will be used to compensate the original development team of GSDI and are not in exchange for future work. Development sales total 200k GYFI sold for 250 ETH equivalent of ETH, DAI, & BNB:

1st Round 40k @ 2000 GYFI/ETH (20 eth) on BSC

2nd Round 40k @ 1000 GYFI/ETH (40 eth) on xDAI

3rd Round 40k @ 800 GYFI/ETH (50 eth) on Ethereum

4th Round 40k @ 666 GYFI/ETH (60 eth) on BSC

5th Round 40k @ 500 GYFI/ETH (80 eth) on Ethereum

After completing and successfully reaching the Angel Rounds and once GDAO is up, GDAO will have Four ‘Series A’ rounds for GDAO treasury. These funds will be used to fill the GDAO treasury and allow it to hire the team needed to develop, market, and operate the project. GDAO sales total 200k GYFI sold for 975 eth equivalent of BNB, xDai, and ETH:

1. 50k @ 400 GYFI/ETH (125 eth) on xDai
2. 50k @ 250 GYFI/ETH (200 eth) on BSC
3. 50k @ 200 GYFI/ETH (250 eth) on Ethereum
4. 50k @ 125 GYFI/ETH (400 eth) on Ethereum

Each round must be scheduled and approved by GDAO once it is up.

Follow us
Telegram Chat: https://t.me/GSDIofficial
Telegram Ann: https://t.me/GSDIAnnouncement
Twitter: https://twitter.com/GsdiOfficial
Medium: https://medium.com/@team.gsdi
Discord: https://discord.gg/yG7SDGVGzP
Whitepaper: https://whitepaper.gyfi.eth.link/