Earn GHOST

Users can earn GHOST tokens by depositing SYF-eligible assets into the Ghost Layer.

What Are SYF-Eligible Assets?

SYF-eligible assets are assets that the Ghost Layer can leverage to generate yield. The protocol designates or removes assets as SYF-eligible over time, depending on their yield potential within the system. The GHOST token serves as a non-transferable reward token, representing a unified stake tied to the assets deposited in the ecosystem.

Properties of GHOST and Why It's Valuable

• Representation: GHOST reflects the value of deposited assets in the protocol, measured as $/unit.

• Reward Mechanism: It is awarded to depositors of SYF-eligible assets.

• Dynamic Supply: The supply of GHOST is both inflationary and deflationary:

  • Expansion: Increases when users deposit assets into the protocol.

  • Contraction: Decreases (deflates) proportionally across the ecosystem over time. In the initial year, GHOST undergoes up to four deflation events of 15% per month. Subsequently, it contracts weekly, giving early depositors an advantage in reward emission perpetually.

• Non-Transferable: GHOST cannot be moved and can only be staked to earn SHHHHHHH tokens.