🪙GLEND
GLend's Protocol Token
A Utility Token With Yield
GLEND is inherently a utility token that allows users to earn from protocol revenues, participate in governance, and join our community.
Our Sustainable Token Flywheel
buy back tokens from the open market with protocol revenue
the purchased tokens will go to TVL accrual incentives
higher TVL equals higher protocol revenue
Treasury
GLend has a treasury which will be strategically invested in diversified yield strategies. The resulting revenue will contribute to our sustainable token flywheel. This revenue will also be utilized to grow the treasury, support development, marketing, and other proposals approved by token holders.
Acquire GLEND
GLEND can be bought on Camelot DEX. GLEND can also be acquired by using the GLend protocol or by providing liquidity in our Camelot V3 concentrated liquidity vault on auto mode.
Token Distribution
Token allocation and release schedule is as follows:
Genesis Airdrop
50%
100% immediately available
GMX Blueberry Club Airdrop
5%
TBD
Treasury
25%
TBD
TVL Accrual Incentives
10%
TBD
Team & Advisors
10%
10% available on February 1st, 2024 followed by linear release over 42 months
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