đ°Liquidity Staking
A LSD token called gINJ will be created through liquid staking of INJ through validators. Our team plan to setup our own validator node with the INJ official team. Yields are auto-compounded back into the gINJ token to ensure optimal INJ staking profits for users. Based on current INJ staking rates, users can get over ~17% APY with gINJ. The best part? gINJ is fully liquid, allowing users to sell their gINJ for INJ without the 21 days unbonding time. To earn even more yields, users can form gINJ-INJ LPs in order to benefit from both the gINJ APR as well as the $KUNAI token emission. gINJ-INJ liquidity providers: 10% of all KUNAI emissions are reserved for gINJ-INJ liquidity providers. This liquidity pool is ideal for INJ maximalists who want to maximise their yield while minimising impermanent loss. Liquidity providers stand to earn trading fees, KUNAI emissions, as well as gINJ liquid staking yields. Because gINJ is derived from INJ + yields from validation, the volatility in the difference in prices will be minimal and users will be protected from impermanent loss.
Last updated