Depositors

As a depositor, when you deposit GGP into the vault you will receive xGGP token. The xGGP:GGP ratio will start 1:1, but the ratio will increase as the vault accumulates rewards.

The share price increases once a month, right before the GGP rewards period when the stakeAndDistributeRewards method is called. The price will increase based on the targetAPR value, which is currently set to be 20% APY.

Depositors can redeem their xGGP for GGP at any time as long as there is sufficient liquidity in the vault. In the case of a liquidity crunch, it may take up to 14 days for 100% of the depositors to be able to redeem their xGGP for GGP.