Definitions

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

• TUT: the former Tutellus token, now discontinued. Tutellus agreed with GT3 to conduct an airdrop for all TUT holders across all their positions, so they continue to have the same utilities (plus all the new ones) in GT3.

• Snapshot: a Polygon block where a "snapshot" of the distribution of TUT holders will be taken to assign them the corresponding GT3 airdrop, with the following equivalences:

  • 1 TUT = 1 GT3 for wallet positions.

  • 1 TUT = 1.15 GT3 for staking positions longer than 30 days (excluding S2L).

  • 1 TUT = 1.25 GT3 for farming positions longer than 30 days.

  • 1 TUT = 1.30 GT3 for SuperTutellians.

• GT3: the native token of the DEX.

• 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.

• 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. Incentive Vault: the multi-sig contract that holds the GT3 to be distributed during each cycle among the liquidity pools.

• 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.

• Projects: the issuers of the projects listed on the 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.