GarbiEC (GEC) is an equity certificate token designed for the Garbi platform, representing an index of assets used for trading within the ecosystem. Unlike stablecoins, GEC’s value is directly linked to the total value of assets held in the liquidity pools and the total supply of GEC tokens. This unique feature allows investors to gain exposure to a diverse range of assets without the complexity of managing individual assets or employing time-consuming trading strategies. By holding $GEC tokens, users can easily diversify their portfolios and participate in the exciting DeFi world on Garbi Protocol.
Key Features of GarbiEC
- Mint/ Burn Mechanics
Users can mint $GEC by adding any index asset to the liquidity pool, and GEC tokens are burned each time a user removes any index asset from the LP. This minting and burning mechanism ensures that the number of GEC tokens in circulation remains aligned with the total value of assets held in the liquidity pools, maintaining a balanced representation of the index’s value.
- Value Determination:
The price of GEC tokens is directly determined by the total value of assets in the pools, divided by the total supply of GEC tokens. As the value of assets in the pools fluctuates, the value of each GEC token will also vary accordingly. This dynamic pricing mechanism provides investors with exposure to the performance of the underlying assets in the index, making GEC an attractive investment option for those seeking to capitalize on market opportunities.
- Passive Income and Governance Rights:
Investors can earn rewards in the form $veGRB tokens by providing liquidity to the GEC pool. These veGRB tokens grant holders a say in Garbi Protocol governance, allowing them to actively participate in decision-making processes. Additionally, GEC token holders are entitled to 70% of the platform fees, distributed in USDC and veGRB (Future), further enhancing the potential for passive income generation.
- Low Trading Fees:
GarbiSwap offers the lowest trading fees on #Arbitrum, making it an attractive option for users looking to save on transaction costs.
🔹Buy $GEC: 0% fee
🔹Sell $GEC Dynamic fee
🔹Swap fee: 0.2% regular and 0.01% stablecoin
- High APR and Rewards:
The GEC pool offers an APR rate of around 70%, providing an opportunity for investors to earn rewards by depositing GEC and earning veGRB tokens. Incentivizes users to actively participate in the liquidity pool, contributing to the overall growth and stability of the Garbi ecosystem.
GarbiEC (GEC) is a powerful equity certificate token that brings unique advantages to the Garbi platform and users’ benefit. $GEC provides a simplified and accessible way for investors to diversify their portfolios and gain exposure to a diverse range of assets within the DeFi space. With the potential for passive income generation through rewards and fee-sharing, GEC presents an attractive investment option for both seasoned investors and newcomers to the cryptocurrency world. As the Garbi ecosystem continues to expand and innovate, GEC remains a strategic choice for investors seeking to maximize their returns and actively participate in the governance and growth of the Garbi Protocol