# What is $GOLD?

**Published by:** [Golden Boys](https://paragraph.com/@golden-boys/)
**Published on:** 2023-10-05
**URL:** https://paragraph.com/@golden-boys/what-is-gold

## Content

This short blog will give you the high-level overview - shitposting aside - of the $GOLD DeFi project to help you understand the product, why it’s not just another nu gen ETH shitcoin, and the value of the $GOLD ecosystem. GoldenBoys ($GOLD) is a coin that alloys DeFi and Memes into a single ERC-20. DeFi provides utility and memes provide magic and entertainment. As a team of veteran Web3 builders, we strongly believe that generating memetic energy, a positive on-chain experience, coupled with sustainable DeFi utility makes $GOLD a product of rare quality in the wild on-chain world. We will discuss the DeFi side of $GOLD, the meme side, and then introduce the figure known as “humpy”.Is it DeFi? Is it memes? Is it a cult following a figure known as “humpy” represented by a fairy tale egg?The DeFi Side (srs business) Many DeFi projects are little more than unsustainable ponzi schemes that promise an alluring APR that invariably ends with someone getting burnt. Here’s why this happens: Common DeFi Problem: Buy Generic ERC-20 Shitcoin and stake it to earn APY in the selfsame Generic ERC-20 Shitcoin. End result? Generic ERC-20 Shitcoin inflates itself 2-10x supply over 12 months and turns into bag dust. How $GOLD Generates Triple Digit APY and solves this problem: $GOLD has low inflation. $GOLD has a fixed supply set to 1 million tokens (tokenomics info here). $GOLD averages to only 10% inflation per year. $GOLD has high yields. At the time of writing, you can earn 90-100% APY in Balancer tokens by contributing to $GOLD Liquidity Pools.Balancer is one of the most respected and innovative DEXBalancer emits BAL token rewards to LPs that the DAO votes on$GOLD is a DeFi coin created by a legendary DeFi whale, Humpy; he is the second largest governor of the Balancer DAOThe DAO voted to direct 12% of all Balancer emissions to $GOLD Liquidity PoolsRight now $GOLD holders are providing LP to Balancer in various pools and earning triple digit APY, paid in Balancer tokens, while holding a base asset that only inflates 10% per year.Elegance. Simplicity. No convoluted ponzinomics. Merely utilize GOLD as a yield farming asset and acquire copious BAL rewards. The Memes “seems everyone enjoys being in a cult led by a whale dressed as an egg from a nursery rhyme. guess we'll roll with that” - $GOLD Community Member $GOLD has the unique advantage of being minted by a literal DeFi legend, Humpy. The $GOLD marketing team is carefully building a Web3 fairy tale and generating a memetic egregore to unleash upon the psyche of the world. Follow us on Twitter @goldonbaseLet's talk GOLDEN path forward.What’s in the Future for $GOLD? Our team of DeFi artisans are hard at work developing new DeFi products to enrich the $GOLD ecosystem. For the best alpha, make sure you stay active in our community hubs. Here’s what we have confirmed:GoldAURA Pounder Vault Inspired by graviAURA, Golden Boys are developing an auto-compounding vault where users can deposit their AURA to receive steady passive income. 5% of all fees generated by this vault will be used to BUY and BURN Gold. This product is a needed DeFi utility and will likely capture millions in TVL, which could result in 2,000 GOLD or more buying burnt each month. This will put a constant deflationary pressure on GOLD.Omni-Chain $GOLD While GOLD is native to Base, the product must be interoperable to maximize utility and benefits to holders. The development team is progressing on a Layer0 implementation of a cross-chain token. This will allow $GOLD to maximize yield-farming opportunities for our holders, such as getting a 1.5x boost to our LP with in the addition of ARB token incentives by creating $GOLD LPs.In Retrospect The $GOLD project creates valuable DeFi products for holders of $GOLD and adjacent ecosystem protocols like Balancer, Aura, and L2 Networks. $GOLD has impressively achieved a high APY yield-farm opportunity while protecting users with low-inflation, and has a progressive product roadmap to maximize future yields and apply new deflationary mechanisms. Beyond this, the sky's the limit. $GOLD was minted by Humpy, an enormously wealthy and influential DeFi maximalist. Our team is comprised of Web3 professionals with vast experience in development, marketing, and DeFi design. If you’re a DeFi maxi or a lover of memecoins, we invite you to join our community and get to know us. Find our socials on humpysgold.eth.limo

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