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DashboardStakeMintAdminDocs
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DashboardStakeMintAdminDocs

Documentation

Check out hyperloop docs at /docs/hyperloop

Overview
Learn about BLUE
Launch Info
Launch details
Sustainability
Long-term viability
Tokenomics
BLUE, sBLUE, gBLUE
Staking
Rebasing staking
gBLUE
Governance BLUE
Bonding
Buying discounted BLUE
BOOK
BOOK Integration
Security
Governance & security
Contracts
Smart contract addresses

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gBLUE Guide

Convert between Staked BLUE (sBLUE) and Governance BLUE (gBLUE) tokens

Why Convert sBLUE to gBLUE?

While sBLUE automatically rebases to reflect staking rewards, some DeFi protocols and use cases require tokens with fixed supply. gBLUE solves this by maintaining a constant supply while appreciating in value relative to BLUE.

sBLUE
Rebasing

  • • Balance increases every epoch
  • • Easy to track rewards
  • • Simple staking experience
  • • May not work with all DeFi

gBLUE
Fixed Supply

  • • Fixed balance, price increases
  • • DeFi composability
  • • Governance participation
  • • Same underlying value

Conversion Process

sBLUE → gBLUE

1. Approve sBLUEStep 1
2. Convert to gBLUEStep 2
Instant conversion at current index

gBLUE → sBLUE

1. Approve gBLUEStep 1
2. Convert to sBLUEStep 2
Instant conversion at current index

Understanding the Index

Index = Current gBLUE Price

The index represents how much BLUE each gBLUE is worth. As staking rewards accumulate, the index increases, making each gBLUE more valuable.

Launch
1 gBLUE = 1 BLUE
After 41 days
1 gBLUE = 2 BLUE
After 1 year
1 gBLUE = 500+ BLUE

💡When to Use Each Token

Use sBLUE for:

  • • Simple HODLing
  • • Watching balance grow
  • • Less DeFi interaction

Use gBLUE for:

  • • Governance voting
  • • DeFi protocols
  • • Liquidity provision
  • • Price tracking