TechFlow reports that the on-chain derivatives protocol Gains Network will update its tokenomics on September 1 or later, including:
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100% of Dev Fund revenue redirected to GNS staking (the Dev Fund currently receives approximately 16% of platform fees);
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Replacing the current governance fund with a new 6/11 multi-sig;
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Merging GNS NFTs into $GNS;
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Redirecting NFT bot revenue to GNS staking and oracles in an 80%/20% ratio;
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Increasing supply by 4.36 million GNS tokens, or 14% (dev: 1 million GNS, NFT: 3.36 million GNS);
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Raising the GNS revenue share from 33% to over 60%;
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Average existing GNS stakers will earn 60% more under the same revenue, while maintaining the same income level.
To compensate for the Dev Fund fee adjustment, Gains Network will mint 1 million GNS tokens, equivalent to 1 to 1.5 years of Dev Fund revenue at current GNS prices. The minted GNS tokens cannot be sold for at least one year and are eligible for staking to earn protocol yields.
