what's StakeMyGold?
StakeMyGold is a decentralized finance (DeFi) protocol designed for staking gold-pegged digital assets. It primarily supports the $GGBR token from Goldfish, where each token represents 1/1000th of an ounce of LBMA-accredited physical gold reserves. Users stake via a web dashboard, receiving yield-bearing receipt tokens while maintaining exposure to gold's stability. The protocol generates yields through conservative strategies, including over-collateralized lending to DeFi protocols like Uniswap and Aave, as well as institutional and traditional finance integrations. Smart contracts are audited by Cyfrin for security, with an insurance fund backing principal protection. It emphasizes transparency, no platform fees, and composability for further DeFi integrations.
Links
x.com/stakemygoldIntegrated with Goldfish's OnChain Points system for $GGBR token staking, enabling earning 5× points or 5 points per GGBR per day in GFIN Season 2.