GYFI Tokenomics
This page describes the tokenomics of the GYFI token (Gyroscope's governance token).
The GYFI governance token is deployed on Ethereum here. GYFI can be staked in the Gyroscope governance system for voting power. Other voting power sources exist, consult Governance for further information.
The total GYFI supply is 13,700,000. This is currently set to increase at a rate of 2% per year, starting 20 August 2027.
As per a community vote, 65% of the GYFI token supply is allocated to the community and 35% to FTL Labs (the initial Gyroscope development company).
Initial airdrop
As per GIP-2, GYFI claiming/airdrop must occur before 31 January 2025.
For eligible recipients, the amount of GYFI initially liquid at TGE depends on how many users choose each GIP-1 boosted lockup option. The options are:
Option 1: fully-liquid GYFI tokens.
Option 2: lock up GYFI for 9 months and receive 40% more GYFI than Option 1.
Option 3: lock up GYFI for 18 months and get 150% more GYFI than Option 1.
Disclaimer: this documentation primarily summarises decisions that have been taken by the Gyroscope DAO on the Gyroscope snapshot. For further information please refer to the original sources.
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