Technical Specification

$GRAIN is constructed using the OFT-20 Omnichain token standard from our partner, LayerZero.

$GRAIN will initially be made available on EVM compatible chains that Demether has launched campaigns on. As a LayerZero compatible token, it can be seamlessly bridged or even minted on any of the LayerZero network chains.

Eligibility in detail:

• The user engages with the Demether's front-end to track and claim $GRAIN on the chains which resulted in their eligibility.

  • For example if a user has 30% of the $demETH on Taiko, 20% on Starknet and 50% on Arbitrum for over 7 days, 60% of the GRAIN rewards would be claimable to their wallet on Taiko, 40% on Staknet (and none for their holdings on Arbitrum given it is not an eligible partner chain);

  • Users holding a mix of yield bearing assets (e.g. $demSOL and $demETH) would see their position calculated on a dollar cost average basis as compared to other wallets holding assets in the same ecosystem, when being considered for eligibility of $GRAIN emissions.

Yield boost mechanism in detail:

• $GRAIN tokens will be minted on a weekly basis on a target chain via smart contracts to reflect the proportion of emissions due to holders of Demether's yield bearing products on that chain;

• Wallets controlling (but not necessarily directly holding demETH or demSOL) tokens on a partner chain for a full 7 day period are eligible to receive a loyalty yield boost

• The number of eligible tokens are calculated as a pro-rata ratio of the minimum number of demETH or demSOL tokens controlled by that wallet over the 7 day period relative to the total number of demETH or demSOL tokens in circulation on that chain

• Claims are via the corresponding page of the Demether dapp and eligible tokens are calculated on Demether's backend systems