Platform

Stargate

Stargate holds staking reward pools for GLX-GLMR, GSHARE-GLMR, and GLX-GSHARE LPs. Rewards are paid out in GSHARE and will last for one year, distributed like so:

GLX-GLMR LP	60%
GSHARE-GLMR LP	35%
GLX-GSHARE LP	5%

Stargate rewards pay out constantly, whether or not GLX is above or below peg.

Flight Deck

The Flight Deck holds single staking GSHARE to earn emissions of GLX during expansion phases, when TWAP is >1.01.

• Each epoch duration lasts for 6 hours.

• Distribution of GLX during Expansion

  • 80% as Reward for Flight Deck GSHARE Stakers

  • 18% goes to Community fund

  • 2% goes to Dev fund

• Epoch Expansion: Current expansion cap based on GLX supply, if there are bonds to be redeemed, 65% of minted GLX goes to treasury until it's sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate

Deposits / Withdrawal of GSHARE into/from Flight Deck will lock GSHARE for 6 epochs and GLX rewards for 3 epochs.

GLX rewards claim will lock staked GSHARE for 6 epochs and the next GLX rewards can only be claimed 3 epochs later.

Flight Deck UI Available information

Next Seigniorage indicates a countdown timer to the next epoch.

APR refers to the simple returns in USD value relative to the amount of GSHARE staked (USD value).

APR fluctuates from time to time and is dependent on certain factors such as:

• Price of GLX

• Price of GSHARE

• Amount of GSHARE staked in Flight Deck (Locked Value)

Read more about the Flight Deck here:

Flight Deck

Bonds (Treasury)

GBOND (bond tokens) are available for purchase when GLX falls below the 1 GLMR peg. If GLX's TWAP < 1, exchange GLX for GBOND will be in a 1:1 ratio.

If GLX's TWAP is between 1.00 and 1.01, neither GBOND nor GLX will be issued.

GBOND (bond tokens) are available for redemption when GLX goes above the 1 GLMR peg. If a purchaser waits until TWAP is above 1.1, there is a bonus on redemption.

Read more about bonds and their mechanism here:

Bonds Mechanism