Definitions

"Let’s start by understanding the role of the different stakeholders in GT3:

• GT3: the native DEX token.

• xGT3: the synthetic token created by locking GT3: the more GT3 and the longer the lock period, the more xGT3 you receive for each GT3 deposited. Each xGT3 position is an NFT.

• Voting system: the process by which xGT3 holders (or GT3 lockers) vote for their favourite pools to start to receive passive income from them.

• NFT holders: the owners of xGT3 or "GT3 lockers." They decide each cycle which liquidity pools will receive incentives from the vault. They will earn the trading fees from the pools they vote for and the incentives from the projects they support.

• DAO: the decentralized organization that governs the protocol, which decides on listed tokens, assigned budgets, applied fees, and any other parameter. The governance token of the DAO is xGT3.

• Incentives Vault: the multi-sig contract that holds the GT3 to be distributed during each cycle among the LPs.

• Projects: the issuers of the projects listed on DEX. For each cycle, they will propose a budget (in tokens) to allocate to the GT3 lockers to direct more incentives (and liquidity) to their pools.

• Liquidity pools: contracts under a v2 infrastructure where liquidity providers supply the corresponding pair. In GT3, there will always be a minimum of 2 pools per project:

  • The first is linked to the GT3 token.

  • The second is linked to a stable pair (USDC, USDT) or a volatile one (WBTC, POL, WETH).

• Liquidity providers: or LP holders, are the users who provide liquidity to the above pools during each cycle and receive the corresponding fees from the vault's incentives.