Gyndore GLB TL;DR ⤵ The easiest way to understand Gyndore’s Liquidity Bootstrapping Event: It’s not just selling $GYND. It’s using the sale to fund liquidity that the protocol itself owns. The GLB opens 15 September at 3PM UTC. - 2M GYND for sale = 20% of the fixed 10M supply - Price: $0.10 - Starting FDV: $1M - Maximum raise: $200K - Max purchase: 100K GYND / $10K per wallet - Runs for 48 hours or until sold out If fully subscribed, roughly: $200K raised → 50% funds the GYND/cbBTC launch market on @HydrexFi → 50% funds cbBTC, USDC, USDT and ETH trading liquidity So instead of raising money primarily for operations, Gyndore converts the capital into protocol-owned liquidity. GYND stakers receive 100% of protocol revenue in USDC, distributed continuously, with no staking lockup. The twist is that, If the 2M GYND allocation doesn't sell out, the unsold tokens are distributed to buyers as bGYND bonuses. bGYND: - Is backed 1:1 by GYND - Earns the same staking rewards - Has no official liquid market - Can eventually be converted into GYND by paying 70% of GYND's market price That effectively gives holders a 30% conversion discount, assuming GYND trades at or above $0.10. Pretty interesting LBP, if I may say, especially considering that @base is pushing their chain with more utility projects like Gyndore. Less noise, more Sats.