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[PRE GIP] Gear Liquidity Raise and Enabling of Token Transferability

Past documents:

Gear Token Launch V5

Gear Token Launch V4

Transferability

An X months question from now or so (criteria are subject to changes). Firstly, a token model / direction should be discussed, which in turn depends on which side of the protocol & how the incentives can be added. There is no goal to stall this, but it’s just not a “next week” decision.

The side of incentives for the product

• Low rates for borrowing are good = give LM to the passive LP side
• If giving incentive to the CA borrowers (users) that will trickle down to the higher supply rates (higher for LPs but not higher for the borrowers) and be a better way perhaps
• Revenue sharing token model with DAOs who built on top of / with Gearbox
• Referral fee as percentage of the revenue brought to the DAO (not just volume based)

The token model