Minting - For the Evolved Apes

What is Minting?

Minting is the secondary value accrual strategy of GGDAO. It allows GGDAO to acquire its own liquidity and other reserve assets such as BUSD by issuing GG at a discount in exchange for these assets. The protocol quotes the minter with terms such as the mint price, the amount of GG tokens entitled to the minter, and the vesting term. The minter can claim some of the rewards (GG tokens) as they vest, and at the end of the vesting term, the full amount will be claimable.

Minting is an active, short-term strategy. The price discovery mechanism of the secondary mint market renders mint discounts more or less unpredictable. Therefore minting is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to staking.

Minting allows GGDAO to accumulate its own liquidity. We call our own liquidity POL. More POL ensures there is always locked exit liquidity in our trading pools to facilitate market operations and protect token holders. Since GGDAO becomes its own market, on top of additional certainty for GG investors, the protocol accrues more and more revenue from LP rewards bolstering our collateral pool.

TLDR: Reap what you sow. Mint and be active for discounted GG.