What are green tokens?

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!

Let’s walk through a more concrete example πŸ‘‡

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, it’s 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 πŸ’ͺ

What is the long-term goal?

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 🌎

Make a positive impact on climate change by simply holding gTokens!