Green tokens (gTokens) represent cryptocurrencies in a vault earning yield that
committed towards funding impactful climate projects.Green tokens are ERC-20 tokens that are always issued 1:1 for each token
deposited. They can always be used to redeem the underlying token from the vault
on a 1:1 basis as well!
Say you deposited 1 ETH into Spirals. At that point you are issued 1 Green ETH
(gETH). This gETH you are holding represents 1 ETH being put to work. In this
case, itβs sitting in a vault and earning passively for amazing climate work!By simply holding gTokens, you are making an impact and each vault has ways to
calculate exactly how much yield & impact is attributable to a single gToken
holder. Furthermore, like any ERC-20 gTokens can be transferred to other
wallets. When transfers happen, the receiver starts making an impact as well
that they can show off to the world πͺ
We are actively working to make sure that gTokens can reach a level of adoption
and utility that make them a regenerative primitive in web3. In the future,
whether they know it or not gToken holders will be continuously funding projects
that drawdown carbon, restore biodiversity, and heal our planet π
Make a positive impact on climate change by simply holding gTokens!