GAMMA Token
Frequently Asked Questions (FAQ) for the GAMMA token
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Frequently Asked Questions (FAQ) for the GAMMA token
Last updated
Was this helpful?
GAMMA is built on Ethereum (ETH)
GAMMA and its staking tokens are ERC-20 tokens
Anywhere you can store ERC-20 tokens. Metamask, Ledger, and Trezor with support for Ethereum. You’ll just need some Ethereum in the wallet (gas) to move it around.
Currently, no. The GAMMA token and its staking derivatives currently function on L1 Ethereum. There are no immediate plans to move the staking mechanism to another network or provide liquidity on another network.
GAMMA is available for trade on Uniswap V3. Gamma currently does not provide liquidity on any other decentralized exchanges (DEX) and has no arrangement or relationship with any centralized exchanges (CEX).
Gamma allocates a percentage of the fees earned by all vaults to GAMMA stakers. In a way, it allows users to be exposed to the earnings of the vault without having to provide liquidity to them individually.
When GAMMA is staked, it's converted into xGAMMA, a staking token representing the user's proportional value of the staking pool. xGAMMA's value is always more than one GAMMA and will continue to appreciate over time because it represents the GAMMA pool plus accrued fees. Therefore, when you deposit GAMMA into the staking contract, you will likely get back less xGAMMA.
If you decide to withdraw your GAMMA, your xGAMMA will be converted to GAMMA, including your accrued fees.
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 rewards are consolidated and used to purchase GAMMA from the open market. This GAMMA is then distributed to GAMMA stakers.
Fees are distributed on rebalances and compounding events. Rebalances have no set time due to the risks of being frontrun. Rebalances occur when the strategy deems them necessary. Less frequent rebalances often lead to higher profits due to locking in less impermanent loss and avoiding costly gas fees.
Gamma is currently reworking its fee collection infrastructure. When ready, fee accumulation wallets will be provided to users to evaluate fee generation. TBA.
The most up-to-date number is on Tokenomics
Circulating GAMMA is all GAMMA that is not controlled under multi-sig team wallets and GAMMA in vesting contract wallets. This is a common and appropriate evaluation of the supply.
There is a vesting period, but it was primarily in 2022. Vesting has slowed considerably in 2023. Most vested tokens are unlocked. See Tokenomics.
GAMMA is currently displayed on all major charting and information databases. These include CoinGecko, CoinMarketCap, DexTools, Uniswap.info, and more.
In addition. Zerion, Zapper, and DeBank can be used to track LP and staking positions.
Gamma's Total Value Locked (TVL) performance metrics can be viewed on DeFiLlama and Token Terminal.
That's to be determined. The Gamma team is constantly evaluating further use cases for the GAMMA token. Future use cases include complex staking, collateral, DAO vote power, airdrops, special incentives, and more.
The staking annual percentage yield (APY) is the value of the fees accrued compounded over a year. This value estimates how much one could expect to earn annually by staking GAMMA.
Tokemak awarded Gamma a Tokemak reactor as part of its CoRE2 program. Without going into to too much detail. Tokemak helps generate deep, sustainable liquidity for DeFi and future tokenized applications that will arise throughout the growth and evolution of web3. It can be thought of as a decentralized market-making platform and a liquidity router that disaggregates traditional liquidity provision and market making for DeFi. Sitting a "layer above" decentralized exchanges, Tokemak allows for control over where the liquidity flows, and also offers an easier, cheaper way for providing and sourcing liquidity.
GAMMA holders who use the Tokemak reactor stake their GAMMA in Tokemak to receive tGAMMA, which is a similar proportional staking token to xGAMMA. Instead of receiving more GAMMA, they receive TOKE.
