$GYSR token

$GYSR token mechanics and utility

ERC-20

GYSR Token ($GYSR) is an ERC-20 token specifically designed to offer utility within the GYSR platform.

Current use cases of $GYSR include multiplying your share seconds in Geysers and multiplying your effective stake in Fountains.

$GYSR holders can also earn protocol fees by staking in the Holder pool.

Multipliers

In both Geysers and Fountains, $GYSR acts as an accelerant on rewards. The multipliers earned are dependent on 3 factors:

1. How much $GYSR has already been used in that pool

2. The amount of $GYSR the user is spending on that transaction

3. The size of the stake the user is affecting

Because of its reactivity to these 3 inputs, the cost of applying a $GYSR multiplier will differ from between pools

GYSR multiplier as a function of usage and amount spent

GYSR multiplier as a function of stake size and amount spent

Token Redistribution

$GYSR token holders also benefit from token redistribution. With v2, a 20% platform fee is collected from all $GYSR spent for multipliers during staking and unstaking. Half of this fee is distributed to $GYSR holders and the remainder goes to the GYSR treasury for future development.

To participate, you can stake in the Holder pool here.