$GYSR token mechanics and utility
GYSR Token ($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.
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
$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.