Protocol
Tokenomics
$GSEA is a Base-native utility token. Every mechanic — staking, fees, splits, insurance, governance — has it load-bearing. Not a memecoin. No farm-and-dump.
$GSEA at a glance
| Field | Value |
|---|---|
| Name | GITSEA |
| Symbol | GSEA |
| Chain | Base L2 (no bridges) |
| Standard | ERC-20 + ERC-2612 permits |
| Decimals | 18 |
| Contract | 0x… (TBA pre-launch) |
| Initial supply | 100,000,000 |
| Inflation | 2% / yr to staking rewards; subject to governance |
Where $GSEA is load-bearing
Every primitive uses it directly. Removing the token breaks the mechanism.
| Mechanic | $GSEA's role |
|---|---|
| Staking | Required for validator tiers; slashed on misbehavior. |
| Splits | A repo can pay in USDC or $GSEA; many choose $GSEA for the tax-on-receipt symmetry. |
| Insurance | Underwriting tranches are denominated in $GSEA; claims paid same. |
| Sleeper pool | Pool balance is $GSEA; payouts in $GSEA. |
| Governance | Voting weight = staked + delegated $GSEA. |
| PR markets | Liquidity in $GSEA (USDC pairs optional). |
| Credit pricing | Score is influenced by staked $GSEA held; not dominating, but a factor. |
| Lender pools | Tranches accept USDC and $GSEA; mixed-collateral tranches have different risk profiles. |
Supply allocation
Initial supply: 100,000,000 GSEA
Community treasury (governance-controlled) 35%
Liquidity & market-making 12%
Team & early contributors (4y vest, 1y cliff) 18%
Investors (4y vest, 1y cliff) 15%
Public auction / launchpad 8%
Ecosystem grants (3y schedule, governance-gated) 7%
Audits & infra reserve 5%
Token release schedule and exact vesting tx hashes are published before launch and verifiable on Base.
Fees
The protocol charges minimal fees, all flowing to the protocol treasury:
Treasury 0xBB4CbB901Ee1ea8eA81D89F548fF982C9d230B54
| Action | Fee | Where it's enforced | Destination |
|---|---|---|---|
| Per-merge split | 0.50% | SplitsEngine.distributeMerge | Treasury |
| Royalty stream settle | 0.50% | RoyaltyRouter._settle | Treasury |
| Insurance premium | 3.00% | InsurancePool.openPolicy | Treasury |
| Credit line draw | 0.20% | CreditLine.draw (origination) | Treasury |
| Public repo linking | 0 | RepoVault.linkRepo | Free forever |
| Bounty escrow | 0 | (off-chain) | Free |
Each fee is governance-mutable up to a hard-coded cap encoded in the contract:
| Contract | MAX_FEE_BPS |
|---|---|
| SplitsEngine | 200 (2.00%) |
| RoyaltyRouter | 200 (2.00%) |
| InsurancePool | 1,000 (10.00%) |
| CreditLine | 100 (1.00%) |
Aggregate fee load on a typical small project: well under 1% per year of routed value.
Staking tiers
| Tier | Stake required | Voting weight | Slashing exposure | What you do |
|---|---|---|---|---|
| Observer | 0 | 0 | 0 | Read everything. |
| Light | 1,000 | 1× | 0–10% / misdeed | Vote, hold tokens, earn governance rebates. |
| Full | 10,000 | 5× | 10–50% | Run oracle attestations, earn attestation fees. |
| Validator | 100,000 | 25× | 25–100% | Slashing adjudication, curator pool eligibility. |
Slashing
Slashing fires on provable misbehavior:
- Oracle false attestation: 25–100%.
- Curator approval of a fraudulent claim: 50–100%.
- Validator double-signing or censorship: 50–100%.
- Vouching for a proven sybil cluster: bond burns (10–25% of stake).
Slashing is on-chain, governance-adjudicated for ambiguous cases, with a 48h challenge window.
Inflation & sinks
Annual inflation of 2% mints into staking rewards. Sinks (deflationary pressure) include:
- Insurance premiums entering the pool and being paid out (no return to circulating supply).
- Slashing burns (a fraction of slashed stake is burned).
- Bounty escrows that go unclaimed and expire (burned).
Net change in circulating supply is published per epoch.
Bootstrap
For the first 12 months ("Phase 7" in our terms), the protocol runs with:
- Generous fee abatement for early repos (free private until $1k MRR).
- Treasury-seeded liquidity for lender pools and insurance underwriting.
- A retroactive Proof-of-Hold points program for stakers who held through launch (claimable as bonus $GSEA).
Phase 8 (mainnet) ratifies the parameter set via governance and removes training-wheel subsidies.
What we won't do
- No "stealth" inflation. Every mint is on chain, in the open.
- No bridges to L1. $GSEA stays Base-native.
- No staking tier that gives admin keys over user funds. Validators do not control vaults.
- No reflexive fee schedule (a fee that ties to token price). Fees are denominated in the protocol-routed value, not token-fiat conversion.
Related
- Smart contracts —
StakingHub.sol,GovernorAsset.sol. - Governance — how parameters change.
- Security — audits, bug bounty.