GTON Capital

Posted on Jul 27, 2022Read on Mirror.xyz

A guide for new GTON token holders

If you’re new to GTON Capital, this write-up will show you how to start utilising it.

If you’ve just started your journey with GTON, you’re probably trying to figure out what its utilities are and what strategies could be most suitable for you. To do that, you're probably going through tons of messages in Telegram chats and on Discord, reading numerous articles and desperately trying not to get lost.

Now, take a deep breath and relax: everything is very simple now, as GTON is just getting started.

How to buy GTON?

GTON is an ERC-20 token issued on Ethereum. It’s currently most liquid on Uniswap V3, Ethereum network: https://app.uniswap.org/#/swap?chain=mainnet

However, it’s always better to use 1inch, a DEX aggregator, to find routes for the cheapest token swaps: https://app.1inch.io/#/1/swap/ETH/GTON

How to utilize GTON?

The development of GTON Capital, a DAO behind GTON Network and GTON, has just started. Therefore, at the moment, there is only one option to leverage GTON - staking in GTON Capital App: https://cli.gton.capital/. However, thinking that it's not enough would be wrong. 

The APR is fixed at 22.32%. You can easily compare this figure with what other popular staking apps offer: https://www.stakingrewards.com/. You’ll be amazed at how competitive GTON rewards are. 

Example:

If you stake $100 in GTON, in a year, you’ll have 122.3 GTON. There is no deviation in $, as staking rewards will be accruing steadily.

Step by step:

  • Go to the GTON Capital app: https://cli.gton.capital/
  • Switch to Ethereum in your wallet
  • Connect your wallet to the App
  • Type “help” to see the list of commands
  • Type “add gton” to add GTON in the wallet
  • Type “add sgton”  to add sGTON  (staking balance) in the wallet to see reward accrual in real time
  • Type “stake” and the amount. For instance, if you would like to stake 10 GTON, you should type “stake 10”.
  • Approve the funds and confirm the transaction in the wallet.
  • Done! Your 10 GTONs are now staked.

A full tutorial is available here

What utilities will arrive in the future?

In the future, GTON

  • will be available on CEXes, opening up multiple opportunities for traders;
  • will be used on Ethereum to mint GCD, a multi-collateralized community-governed GTON Capital’s stablecoin used as a native currency for GTON Network;
  • will be liquid on GTON Network, an L2 blockchain, and available on multiple DEXes and other DeFi apps.

In the coming weeks, bonding -  a unique opportunity to buy GTON with a significant discount will become available in the GTON Capital app. With bonding you can have 7 or 15% discount on GTON (depending on the type of the bond) + automatic autostaking for the vesting period. Read more here.

If you combine the bonding and staking strategies, you can get up to 60% APR on your GTON during the year. However this approach requireы mutual compounding (regular withdrawal of the accrued rewards and adding them to staking.)

About GTON Capital

GTON Capital builds infrastructure to advance digital capital markets including GTON Network — L2 Ethereum rollup with $GCD stablecoin as a native currency, Pathway — algorithms for the pricing of governance tokens, set of mutually reinforcing DeFi protocols, DONs, and more.

By combining cutting-edge achievements of Web 3.0 technology, GTON Capital creates a more advanced and stable foundation for DeFi development.

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