TechFlow reports that GammaSwap, a perpetual on-chain options protocol, announced on August 17 the upcoming launch of its governance token $GS. Regarding token distribution, the total supply will be 1.6 billion tokens, with 37% allocated to the treasury, 23% to the core team, 17% to investors, 15% to liquidity mining and staking, 5% to LBP, 2% to airdrops, and 1% to advisors.
GammaSwap's tokenomics design includes GS tokens, locked GS (esGS), and multiplier points (MP). GS tokens can be staked to earn 30% of protocol revenue (paid in ETH), esGS rewards, and MP points. esGS is obtained through staking and liquidity mining and can either be further staked or unlocked within 30 days. MP points are earned via staking and increase the APR of ETH rewards.
GammaSwap plans to launch its LBP on August 30, followed by the airdrop. The protocol has been operational for nearly one year, achieving over $100 million in cumulative perpetual options trading volume and reaching a peak TVL exceeding $6 million.
