Gold Standard DAO to Launch GSD LP on TraderJoeXYZ
The Gold Standard DAO, a new decentralized finance (DeFi) platform, is excited to announce that our protocol will be launching on the Avalanche Network on January 21st, 2023.
As soon as the protocol goes live, users will be able to deposit stablecoins and stake our governance token (GSD) into our platform. We strongly encourage users to stake their GSD tokens as soon as possible to start earning their share of 5% of the protocol yield in digital gold (AUX).
In addition to staking, we will also be setting up an initial liquidity pool on the biggest decentralized exchange (DEX) on the Avalanche Network, traderjoe. The pool will be based on the GSD/USDC trading pair and will have the following characteristics:
- Initial pooled GSD: 400
- Initial pooled USDC: $20,000
- Initial launch price per GSD: $50
- Initial Market Cap: $808,500
- Initial Fully Diluted Market Cap: $1.65 million
The date and time for the creation of the pool will be announced at a later date.
We advise users to not buy or sell any GSD tokens until an official announcement has been made on our social platforms that the liquidity pool has been created. Once the pool has been created, users may opt to use their GSD tokens to add liquidity and earn a share of the trading fees. However, it’s important to note that providing liquidity carries the risk of impermanent loss due to price fluctuation and users should be aware of this before taking action.
In conclusion, The Gold Standard DAO’s launch on the Avalanche Network is an important step in the growth and development of the platform. We are excited to offer users the opportunity to stake their GSD tokens and earn returns, as well as the opportunity to add liquidity to our initial liquidity pool on traderjoe. We recommend users to follow our social media and website for more information on the launch and the actions available on launch day.
Socials:
All shall prosper.
