GAMMA is the utility token that powers Planet Finance’s ecosystem.
Each day 100,000 GAMMA is released to incentivize lenders, borrowers, liquidity providers and expanding parts of the ecosystem.
Fees generated across the planets from lending, withdraws, swaps, NFTs & more will be used to buy GAMMA on the market and store it into the GAMMA reserve. Once GAMMA reaches its MAX supply of 100 Million, the GAMMA reserve will begin to flow back out as an incentive to users of the protocol.
This creates a sustainable feedback loop between the users of the protocol continuously earning fees generated by the protocol.
What Is Green Planet?
Green Planet is the First Decentralized Money Market with Discount Levels. Anyone can visit Green Planet to quickly supply & earn or borrow against their crypto assets. In addition to the current market rates, suppliers & borrowers will earn GAMMA for using the protocol forever.
GAMMA can be used to unlock discount levels of up to 50% off the protocol fees. This enables you to earn a higher yield to lend & pay a cheaper rate to borrow.
The price of GAMMA is determined by how many people use it for its utility across the planets. So, as the demand for Green Planet grows, more users will need to acquire & supply GAMMA to continue to get the highest yields.
Key Details About The GAMMA Airdrop
When: The snapshot will be a verifiably random block, selected between October 1st — October 31st.
How to qualify: You must hold at least 1 AQUA at the time of the snapshot.
How to receive your GAMMA airdrop: Your GAMMA airdrop can be claimed directly on Green Planet when it launches. It will not be sent directly to your wallet.
Please be extremely careful of scammers, fake GAMMA tokens & people offering to help you “receive your GAMMA”. Nobody will ever DM you about this. Check Planet Finance’s official Twitter & Telegram groups before doing anything to be sure.
AQUA-GAMMA Liquidity Pool
The first liquidity pool to launch for GAMMA will be AQUA-GAMMA. This accomplishes several things.
- Those receiving GAMMA will already be holding AQUA & can easily pair it with GAMMA to add liquidity.
- It allows AQUA to remain at the center of everything happening on Planet Finance’s Decentralized Exchange.
- When someone “Transforms” into the AQUA-GAMMA LP they will be buying both AQUA & GAMMA.
GAMMA Reward Allocation for Green Planet Markets
Green Planet will initially launch with 10 markets. AQUA holders will vote to decide on future assets to add.
- GAMMA (GAMMA) — 9,000 GAMMA per day
- Binance Coin (BNB) — 9,000 GAMMA per day
- Bitcoin (BTCB) — 9,000 GAMMA per day
- AQUA (AQUA) — 4,500 GAMMA per day
- Ethereum (ETH) — 4,500 GAMMA per day
- USD Coin (USDC) — 2,250 GAMMA per day
- Tether (USDT) — 2,250 GAMMA per day
- Binance USD (BUSD) — 2,250 GAMMA per day
- TerraUSD (UST) — 1,125 GAMMA per day
- DAI (DAI) — 1,125 GAMMA per day
When Can I Use AQUA & GAMMA As Collateral
Initially both AQUA & GAMMA can be supplied to earn interest, & can be borrowed by users against their collateral. So suppliers can earn interest on their AQUA & GAMMA & borrowers can pay interest for borrowing AQUA & GAMMA.
For any asset to be used as collateral on Green Planet it must follow strict safety guidelines. Planet Finance is working closely with Chainlink to ensure all assets that can be used as collateral, have superb price feeds.
For assets to have Chainlink Price Feeds they need to be listed on multiple large exchanges with distributed volume & liquidity. Everyone is working quickly to ensure that AQUA & GAMMA will meet these requirements as soon as possible.
What does all of this mean?
If you don’t have accurate price feeds, you’re leaving yourself open to flash loan attacks. Flash loans have been removed from Green Planet. Lending protocols that don’t use Chainlink Price Feeds, for assets that can be used as collateral, are massively increasing the chance of an exploit effecting their users.
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Connect with Planet Finance
Twitter: https://twitter.com/planet_finance
Telegram: https://t.me/planet_finance
