gushyUSH

gushyUSH = vdUSH (tokenized and max-locked for boost)

gushyUSH represents tokenized vdUSH. As an Omnichain Fungible Token, gushyUSH tokens can live on and be easily bridged to multiple chains.

At launch, the supported blockchain will be Arbitrum. The contract addresses for gushyUSH can be found here.

Creating gushyUSH (gUSHing your USH)

gushyUSH is minted when a user stakes/converts one of the 2 following tokens into vdUSH (1 gushyUSH = 1 vdUSH):

  • USH

  • Camelot LP Token (Camelot CLP: 50% USH, 50% ETH)

  • 80USH-20unshETH (Balancer BPT: 80% USH, 20% unshETH) **

  • SushiSwap LP Token (Sushi SLP: 50% USH, 50% WETH) **

The calling of createLock() determines a user’s averageVdUshShare based on which token was locked and their lock duration. Each token’s multiplier is setup according to the relevant parameter in the vdUSH contract.

The following table shows multipliers at the time of this writing (please refer to the vdUSH contract or responsive front-ends for timely multipliers, as they can change via governance):

TokenUSH Multipier

USH

1x

Camelot LP Token

5x

80USH-20unshETH **

4x

SushiSwap LP Token **

5x

The staked assets are locked up by the gUSHer protocol for the maximum time where they will allow the gUSHer system to benefit from compounding / maximum voting power, rewards, and growth.

** Feature available after future launch onto relevant network

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