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gPPAY Govenance Token
New Staking Model for Governance Token
The new gPPAY staking model was inspired by the best practices in DeFi market - the $CRV staking model, improving the economic side of this model a lot.
The major difference is that users will be rewarded as gPPAY holders with the growth of the protocol adoption and volume, and not directly from the rewarding itself liquidity ($CRV mod). Due to this, the PPAY token model will be deflationary in long term.
The main purposes of the Plasma DAO token are to incentivize governance of the Plasma Finance platform and help to achieve the 1B users of the Plasma protocols and products.
Currently, PPAY has two main uses: voting and staking; and one utility quality: the subscription model. Those two things will require you to vote lock your PPAY and acquire gPPAY.
gPPAY stands for vote-escrowed PPAY, it is simply PPAY locked for a period of time (from 1 day to 5 years). The longer you will lock PPAY for, the more gPPAY tokens you receive. For a 5-year max lock, you will receive the same amount of gPPAY voting tokens (1 PPAY = 1gPPAY). For a 1-month lock, you will receive: PPAY/(5*12)=0.016 gPPAY

Staking (PPAY > gPPAY)

PPAY can now be staked (locked) to receive trading fees from all Plasma protocols (HyperDEX, HyperLoop, HyperMargin) or 50% admin fee on all trading fees. Those fees are collected by fee-collector protocol and used to buy circulated PPAY tokens from the open market and provide liquidity back to the trading pool, receive LP tokens, which are then distributed back to gPPAY holders via staking contract.

Voting Power with PPAY and gPPAY

Once $PPAY holders lock their PPAY tokens and acquire gPPAY tokens, they can start voting on various DAO proposals and protocol parameters in the on-chain Governor Bravo Contract.
You can use the $PPAY token to create proposals and vote on Forum and Snapshot. All on-chain voting is only possible with a gPPAY token.
Please check the Governance Process article.
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Staking (PPAY > gPPAY)
Voting Power with PPAY and gPPAY