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Gaur Money
GAUR’s algocoin is pegged to the price movements of ETH. These high yields can usually be found on high risk farms and assets, but with Gaur, your risk is hedged due to its ETH exposure.
What is Gaur Money?
The $GAUR algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Cronos network. The protocol's underlying mechanism dynamically adjusts $GAUR supply, pushing its price up or down relative to the price of $ETH.
Inspired by the original idea behind Tomb Finance as well as its predecessors (Basis, bDollar and Soup), Gaur.Money is a multi-token protocol which consists of the following three tokens:
-Gaur ($GAUR) -Gaur Shares ($GSHARE) -Gaur Bonds ($GBOND)
Gaur.Money believes in the potential of Cronos and chose to align its mission to both, provide value to and derive value from $ETH's future growth. In addition to existing and future use cases, $GAUR aims to become the main medium of exchange on Cronos: this will be achieved by providing a mirrored liquid asset to $ETH. One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for users to use or hold them. In order to successfully maintain the peg in the long-run, the Gaur Money team will maintain a focus on innovation around enhanced functionality and use cases.
GBOND - Gaur Bonds
Gaur Bonds (GBOND) main job is to help incentivize changes in GAUR supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of GAUR falls below 1 ETH, GBONDs are issued and can be bought with GAUR at the current price. Exchanging GAUR for GBOND burns GAUR tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 ETH. These GBOND can be redeemed for GAUR when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for GAUR when it is above peg, helping to push it back toward 1 ETH.
GSHARE - Gaur Shares
Gaur Shares (GSHARE) are one of the ways to measure the value of the GAUR Protocol and shareholders trust in its ability to maintain GAUR close to peg. During epoch expansions the protocol mints GAUR and distributes it proportionally to all GSHARE holders who have staked their tokens in the Boardroom.
GSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Gaur Money ecosystem.
Boardroom on Debt Phase
Debt Phase takes place on the expansion epochs that start after a contraction period where there are still GBonds to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the GBOND Redemption. This amount is still reserved whether or not GBOND holders are redeeming bonds or not. Once GAUR in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
GBOND emitted per epoch during contraction periods can be found on Regulations.
GBonds
GBOND (bond tokens) are available for purchase when GAUR falls below the 1 ETH peg. If GAUR TWAP is between 1.00 and 1.01, neither GBOND nor GAUR will be issued.
e.g. if GAUR's TWAP < 1, exchange GAUR for GBOND will be in a 1:1 ratio.
GBOND (bond tokens) are available for redemption when GAUR goes above the 1 ETH peg.
Inspired by the original idea behind Tomb Finance as well as its predecessors (Basis, bDollar and Soup), Gaur.Money is a multi-token protocol which consists of the following three tokens:
-Gaur ($GAUR) -Gaur Shares ($GSHARE) -Gaur Bonds ($GBOND)
Gaur.Money believes in the potential of Cronos and chose to align its mission to both, provide value to and derive value from $ETH's future growth. In addition to existing and future use cases, $GAUR aims to become the main medium of exchange on Cronos: this will be achieved by providing a mirrored liquid asset to $ETH. One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for users to use or hold them. In order to successfully maintain the peg in the long-run, the Gaur Money team will maintain a focus on innovation around enhanced functionality and use cases.
GBOND - Gaur Bonds
Gaur Bonds (GBOND) main job is to help incentivize changes in GAUR supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of GAUR falls below 1 ETH, GBONDs are issued and can be bought with GAUR at the current price. Exchanging GAUR for GBOND burns GAUR tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 ETH. These GBOND can be redeemed for GAUR when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for GAUR when it is above peg, helping to push it back toward 1 ETH.
GSHARE - Gaur Shares
Gaur Shares (GSHARE) are one of the ways to measure the value of the GAUR Protocol and shareholders trust in its ability to maintain GAUR close to peg. During epoch expansions the protocol mints GAUR and distributes it proportionally to all GSHARE holders who have staked their tokens in the Boardroom.
GSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Gaur Money ecosystem.
Boardroom on Debt Phase
Debt Phase takes place on the expansion epochs that start after a contraction period where there are still GBonds to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the GBOND Redemption. This amount is still reserved whether or not GBOND holders are redeeming bonds or not. Once GAUR in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
GBOND emitted per epoch during contraction periods can be found on Regulations.
GBonds
GBOND (bond tokens) are available for purchase when GAUR falls below the 1 ETH peg. If GAUR TWAP is between 1.00 and 1.01, neither GBOND nor GAUR will be issued.
e.g. if GAUR's TWAP < 1, exchange GAUR for GBOND will be in a 1:1 ratio.
GBOND (bond tokens) are available for redemption when GAUR goes above the 1 ETH peg.
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FAQ
Why have a token that’s pegged to the price of $ETH (on a 1000:1 ratio) when you could just use $ETH itself instead?
Before we dive into what $GAUR could mean for you as an investor, let’s break down the potential impact of $GAUR long-term success on the Cronos ecosystem as a whole.
ETH is one of the most popular non-native asset on Cronos, and Gaur increases liquidity of ETH while providing high yield with reduced risks on top of the security of ETH.
ETH is one of the most popular non-native asset on Cronos, and Gaur increases liquidity of ETH while providing high yield with reduced risks on top of the security of ETH.
You may have read that by pegging to $ETH, $GAUR hopes to become a highly liquid, mirrored asset. What does this actually mean though?
As an example, say ETH is the world's main medium of exchange. Everything is measured in terms of ETH, whether that's your weekly salary, the price of food or a computer. And you need ETH to buy literal gas to get to the market, or to the computer store.
Now imagine if nobody wanted to use their ETH, and preferred instead to keep them stored in their wallets. Since the value of everything gravitates in relation to ETH, there would need to be something out there that is 'interchangeable' with ETH, so that even if all the ETH in the world were kept in wallets, people could continue to transact freely.
Knowing that whatever they received would be able to be traded in for ETH at whatever point in time they so desired. That's what $GAUR hopes to become for $ETH in 1000:1 ratio, meaning that 1000 GAUR would equal 1 ETH.
Now imagine if nobody wanted to use their ETH, and preferred instead to keep them stored in their wallets. Since the value of everything gravitates in relation to ETH, there would need to be something out there that is 'interchangeable' with ETH, so that even if all the ETH in the world were kept in wallets, people could continue to transact freely.
Knowing that whatever they received would be able to be traded in for ETH at whatever point in time they so desired. That's what $GAUR hopes to become for $ETH in 1000:1 ratio, meaning that 1000 GAUR would equal 1 ETH.
Generally speaking, what's the easiest flow to follow for compounding rewards?
The following is NOT FINANCIAL ADVICE. It is for education and entertainment purposes only.
There are countless strategies, and which one you choose depends on your risk tolerance and short, medium, and long-term goals. That being said, the 'plug-and-play' method is detailed below. Also, take some profits along the way. Don't get too greedy.
There are countless strategies, and which one you choose depends on your risk tolerance and short, medium, and long-term goals. That being said, the 'plug-and-play' method is detailed below. Also, take some profits along the way. Don't get too greedy.
What should I do with compounding vaults?
If you are in a $GAUR-ETH LP vault, you are creating buy pressure on $GAUR. If you are in a $GSHARE-CRO LP vault and you also hold $GSHARE elsewhere, the vault will be suppressing its price since it is continuously selling $GSHARE.
APR is much higher in the Boardroom than in the Farm for GAUR-ETH LP. Why would I not just invest everything there?
The Farm APR is linear and prints 24/7, regardless of GAUR's relation to the peg. Boardroom, on the other hand, prints only when GAUR's TWAP is above 1.01. Therefore, it may not always happen that an investor gets a higher return from the Boardroom than from the GAUR-ETH pool.
Because $GAUR follows the price of $ETH, the GAUR-ETH LP is akin to holding $ETH in your wallet, except with the bonus of a high farming APR on top of it. In other words, if you're bullish on $ETH's price action, the GAUR-ETH LP is a way of holding exposure to that single asset while also reaping high APRs.
Because $GAUR follows the price of $ETH, the GAUR-ETH LP is akin to holding $ETH in your wallet, except with the bonus of a high farming APR on top of it. In other words, if you're bullish on $ETH's price action, the GAUR-ETH LP is a way of holding exposure to that single asset while also reaping high APRs.
Once GBonds are emitted, does the Boardroom stop printing $GAUR until we are above peg again?
Staking $GSHAREs will give you $GAUR rewards when the price of $GAUR is above the peg (ETH), but not when it is under the peg.
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