GMCash

GMCash is an algorithmic token protocol that operates on Arbitrum, making it the first algo-token with an Insurance Fund that uses collateral with a real asset. This innovative solution is designed to adjust the stablecoin’s supply deterministically, which moves the price of the stablecoin towards a target price, bringing programmability and interoperability to DeFi.

GMCash consists 3 tokens

• GMC: GMC’s algorithmic code maintains the price at a 1:1 ratio to GMX, pegging it at 1 GMX
• GSHARE: When the protocol is in the expansion phase, every epoch the freshly minted GMC is paid out to GSHARE stakers in the boardroom
• GBOND: When the Time-Weighted-Average-Price (TWAP) of GMC is below 1, users can burn their GMC for GBOND.GBOND is redeemable for GMC plus a bonus multiplier once the price is above 1, with the bonus going up the higher above peg the price is.