Tokenomics
Fees & Revenue
Revenue comes from more of the ecosystem than borrowing alone, and every route it takes is written into immutable contracts.
Two fee engines
The CDP system generates borrower interest on minted gynUSD, and the DEX adds a second engine through trading fees. Activity anywhere in the system accrues value back to it.
The 70/30 split
Borrower interest is allocated through the protocol's smart contracts on an immutable 70/30 distribution: 70% flows to gynUSD stakers in the Stability Pool, with the remainder allocated across the system, including GYND staking. The split is code, not policy: no one can adjust it later.
The fee switch
Once the one-time, irreversible fee switch is activated, revenue share flows to GYND holders in perpetuity, with no mechanism for dilution, arbitrary modification, or revocation. The same switch permanently transfers borrow rate control to GYND holders. See Philosophy for the two launch paths.
No hidden levers
Because both core protocols are immutable, there are no discretionary fee changes, no emergency toggles, and no admin who can redirect revenue. What you read here is what the contracts do, forever.