@GainsNetwork_io just confirmed a revamped tokenomics for $GNS How could it affect the overall performance of Gains Trade and its $GNS token? Full summary & Insights 👇

1️⃣ Dev fund revenue 100% will be redirected to $GNS staking => $GNS holder will receive around 49.83% of protocol's fees In return, 1M $GNS token (3.3% total supply) will be minted (~ $4.5M), but it will be locked for another whole year

So basically, the dev fund currently holds 1.27M $GNS tokens; that total would be increased to 2.27M You would think that nothing really changed right? all revenues to stakers but dev got more tokens No, this action actually increase the rewards for stakers by arround 36%

Since the devs got more tokens and receive less revenues => more motivation to build and improve their products -> more revenues More revenues for investors => higher demand for $GNS token You guys should know GNS generate massive fees, only after @GMX_IO

2️⃣ GNS NFTs holder can burn NFT and redeem $GNS token While the NFT bot fees will be distributed to $GNS stakers and oracles Below is the number of $GNS received based on the tier They can redeem $GNS in 2 ways: - Receive immediately with -25% penalty - Linear vest in 6 months

The same to part 1, minted more tokens but more staking rewards for $GNS stakers 3.36M $GNS (~11% total supply) will be minted, while the average staking rewards increases by 17%

In conclusion 4.36M $GNS tokens (~14%* of the supply) would be minted and subjected to vesting: - 1-year vest for dev fund - 6-month vest for NFT holder or 25% penalty => sell pressure happens after 6 months GNS staking rewards increase by 60%

Currently, $GNS staking is only around 4.47% with around 22M staked $GNS If 4.36M $GNS tokens were minted -> ~ 26.36M $GNS token staked (around 20% increase) While the staking rewards increase by 60% I expect the APY would increase around 3-4% after implementing this proposal

From my own viewpoint, this tokenomics plan definitely increase demand for $GNS token Hyping around the gTrade v4 would be good for GNS and the platform in the short term Along with GMX v2, Synthetix v3, I feel like Perp Dex is coming back soon in Q3-4/2023 🚀