How to Get Started with the Gold Standard DAO on Launch Day

The Gold Standard DAO (GSD) is launching its decentralized finance (DeFi) platform on the Avalanche network on January 21st, 2023. This platform offers a unique and innovative way for users to earn digital gold (AUX) on their stablecoin investments. To get started on launch day, users need to follow these simple steps:

• Ensure you have enough AVAX for gas fees in your MetaMask wallet. 1 AVAX will be sufficient for many interactions with the website.
• Stake your GSD tokens. Staking GSD earns a proportional share of 5% of the total yield (interest) of the platform. Users can stake and unstake GSD at any time with no vesting period or limitations on the amount that can be staked.
• Stake your USDC to earn yield in digital gold (AUX). Each AUX digital coin is backed by one milligram of reserved Gold Bullion. Yield is harvested every 12 hours, and can be claimed at any time when there is a positive balance. There is no vesting period or limit on the amount of USDC that can be staked.
• Compound your yield back into USDC. When users receive their yield, they have the option to compound it back into their main USDC. This is a manual process where the user needs to press the Compound button, the protocol takes the available AUX, converts it to USDC and reinvests it in the platform.
• If you participated in the IDO and have received your GSD, you need to use that same wallet to connect to GSDAO and claim your USDC. If you use any other wallet, there will not be a claim option on the website.
• For Initial Investors from IDO/Presale/Public Sale: There will be a lock-up period for the Total Value Locked (TVL) until the full amount of USDC ($400,000) has been injected into our platform. This lock-up period is to stress test the protocol as well as to ensure that the platform has the necessary funds to provide users with the best returns possible.
• The TVL comes from early participants IDO/Pre-Sale/Public Sale. Once the full amount of funds has been injected, users will need to claim ownership of the funds using our platform UI on the claim page. This will give users full control over their staked USDC and allow them to check their balance, keep it or withdraw it from our platform. This is only for early participants through the IDO/pre-sale/public sale.
• For more information on the launch of GSD LP on TraderJoe, please refer to this Medium article.

Follow GSD’s social media and website for more information on the launch and available actions on launch day.

All shall prosper.

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