Tokens
$GUARD - Guardian Token
Guard: 0xdDC1006Bc16e5a36Abc8D6bDD736367337a799FA
GUARDIAN token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain BASED peg to 1 FTM token in the long run.
SHIELD- Guardian Share Token
SHIELD: TBA
$SHIELD is one of the ways to measure the value of the Guardian Finance Protocol and shareholder trust in its ability to maintain $GUARD close to peg. During epoch expansions the protocol mints $GUARD and distributes it proportionally to all $SHIELD holders who have staked their tokens in the Aegis (boardroom).
$SHIELD holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Guardian Finance ecosystem.
$SHIELD has a maximum total supply of 70000 tokens distributed as follows:
Team Allocation: 4999 $SHIELD vested linearly over 6 months
LP formation: 1 $SHIELD for LP formation
Remaining 65000 $SHIELD are allocated for incentivizing Liquidity Providers in two share pools for 6 months.
GBOND - Guardian Bonds
GBOND: TBA
Guardian Bonds (GBOND) main job is to help incentivize changes in $GUARD supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of $GUARD falls below 1 FTM, GBONDs are issued and can be bought with $GUARD at the current price. Exchanging $GUARD for GBOND burns $GUARD tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 FTM. These GBOND can be redeemed for $GUARD 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 $GUARD when it is above peg, helping to push it back toward 1 FTM.
Contrary to early algorithmic protocols, GBOND do not have expiration dates.
All holders are able to redeem their BBOND for $GUARD tokens as long as the Treasury has a positive $GUARD balance, which typically happens when the protocol is in epoch expansion periods.
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