An overview of the GAMMA token and staking features

The GAMMA Token

The GAMMA token is a financial instrument that allows the owner to earn fees from Gamma's vaults by staking their GAMMA instead of directly providing liquidity to a vault.
Rather than providing liquidity directly into Gamma vaults and accruing fees from the selected pools, GAMMA stakers earn a percentage of the fees accrued in all Gamma-managed vaults.

Staking V1

xGAMMA is the staking token and backbone of value accrual for GAMMA.
Rather than pay large gas fees to distribute the accumulated fees to each individual staker, these fees are accumulated in a pool, of which stakers own a percentage share. When users stake their GAMMA, they will receive xGAMMA, representing their share of the staking pool.
This distributed GAMMA is purchased on the open market and is NOT inflationary.
The GAMMA staking mechanism does not increase the total or circulating supply of GAMMA.
Because of the accumulated fees, xGAMMA will always be worth more than GAMMA.
Example: User A has 10,000 GAMMA. They deposit their GAMMA into the staking portal and receive 9,346 xGAMMA. That means the value of xGAMMA to GAMMA is 1.07 to 1.00. They stay for some time and accrue fees until the value of xGAMMA to GAMMA rises to 1.25 to 1.00. If they exit the pool now, they will have 11,685 GAMMA. That rise would be due fees.
A user's xGAMMA quantity will not increase unless they deposit more GAMMA. The value of xGAMMA relative to GAMMA will increase over time as fees accumulate.
There is no official liquidity pool for xGAMMA to be traded directly at this time.
Gamma does not have a lock-up period or required staking interval. You may stake at your discretion when you'd like. Fees are paid out at random intervals, usually daily.

Staking V2

Supplmental Information

Add GAMMA to Metamask

Add xGAMMA to Metamask