# gUSHer “Boost-Strap” Event

By [gUSHer](https://paragraph.com/@gusherxyz) · 2023-05-31

---

gUSHer Boost-strapping Event
============================

_\*Updated Jul 03, 2023\*_

TLDR;

*   5,000,000 $GUSH (5% of Supply) rewards for participants
    
*   30 Days to participate (earlier is better)
    
*   Contribute what you like (USH, ETH, unshETH, qualifying LP tokens)
    
*   Risk mitigation mechanism in place (get your assets returned if the protocol doesn’t launch)
    

Introduction
------------

After working alongside the unshETH team, gUSHer has reworked the mechanics of the Boost-strap Event. We believe this will create a more attractive environment for users while also limiting their risk. In addition, this will encourage a large boost to help bootstrap the gUSHer protocol and ensure long-term success.

We’re really excited about this event as a way to get $GUSH into the hands of dedicated early adopters and the unshETH community.

How to participate: gUSHer Boost-strapping Event
------------------------------------------------

To participate in the gUSHer Boost-strapping Event, simply stake any of the following assets:

*   USH
    
*   ETH (will be zapped into LP)
    
*   unshETH (will be zapped into LP)
    
*   80USH-20unshETH (Balancer LP Token)
    
*   USH-ETH (Sushiswap LP Token)
    
*   USH-ETH (Camelot LP Token)
    

Participants will receive their share of $GUSH rewards pro-rata, based on the corresponding amount of vdUSH generated by the assets they’ve staked (LP tokens have vdUSH multipliers built-in as compared to USH). Total rewards will account for 5% of the overall $GUSH supply (5,000,000 GUSH).

Prior to protocol launch, all assets contributed will be converted to vdUSH. Users will receive their staked tokens back in the form of tokenized vdUSH ($gushyUSH) alongside the launch of gUSHer. All users will be able to claim their tokens at the same time regardless of the day they participated.

### Risk management / contingency plan

Assets will be held safely in a vault controlled by the unshETH and gUSHer teams. After successful protocol launch and with the signatures of both teams, participants will receive their $gushyUSH and $GUSH rewards. In the unlikely event of a failed launch or excessive delays (greater than 90 days from the end of the Boost-strap Event), assets will be automatically unlocked and claimable by participants.

If desired, $gushyUSH can be swapped back to $USH via the gushyUSH/USH pool. However, staked $gushyUSH earns boosted rewards (greater than vdUSH) paid in USH, GUSH, and unshETH\*.

**Event Start:**

Monday, Nov 13, 2023

**Event End:**

Wednesday, Dec 13, 2023 (30 days in total)

Be early, get rewarded
----------------------

gUSHer will be incentivizing users who are early into the Boost-Strapping event weighting their rewards as follows:

![](https://storage.googleapis.com/papyrus_images/3b0cdf20c227ee0d71d7b3fea04facdce8753fb47f93c757d60cf63f2466a42c.png)

### Sample Reward Calculation

To demonstrate reward calculation and provide additional clarity, a sample Boost-Strapping Event with 3 participants all contributing 1M USH is simulated and charted below:

![](https://storage.googleapis.com/papyrus_images/379959f7aa64afa82055435af34273614991fce6b5966ff7a2019986f2485869.png)

The following is a rewards calculation for ‘Participant 2’ based off of the chart above:

![](https://storage.googleapis.com/papyrus_images/8189dae732ddb57adb05ca5bc01eaaa4b6b84fd27a2e877f8db74e17f1ee4609.png)

vdUSH Contributions will be calculated alongside protocol launch (transactions will be batched to save gas costs for users). Final $GUSH allocations will be calculated based on vdUSH generated and will all become claimable at the same time, regardless of the day of participation. $gushyUSH is minted 1:1 for each vdUSH generated.

Claiming GUSH rewards
---------------------

$GUSH rewards are claimable after the launch of gUSHer. To encourage long-term success of the protocol:

*   25% of rewards will be unlocked on day 1
    
*   75% of rewards will vest over 12 months
    

Unlocked $GUSH may be vote-locked to begin earning protocol yield immediately.

_Unclaimed reward tokens from the Boost-strap Event will be returned to the gUSHer treasury 6 months after the end of the vesting period (vote-locked tokens cannot be returned to the treasury, as they have been claimed by their reward recipient)._

Recap of Steps to Participate
-----------------------------

1.  Choose which asset you want to contribute
    
    1.  USH
        
    2.  ETH (will be zapped into LP)
        
    3.  unshETH (will be zapped into LP)
        
    4.  80USH-20unshETH (Balancer LP Token)
        
    5.  USH-ETH (Sushiswap LP Token)
        
    6.  USH-ETH (Camelot LP Token)
        
2.  Based on the day you contribute, there will be a corresponding weighting multiplier for your share of the 5,000,000 GUSH pool
    
    1.  See Chart
        
3.  Collect your tokens when the protocol launches
    

_\*unshETH rewards are generated from protocol fees, activated by USH governance_

---

*Originally published on [gUSHer](https://paragraph.com/@gusherxyz/gusher-boost-strap-event)*