The current real-time price of GSNAKE is $2.73. In the past 24 hours, GSNAKE has traded between $2.63 and $3.12, showing strong market activity. The all-time high of GSNAKE is $802.46, and the all-time low is $2.6.
From a short-term perspective, the price change of GSNAKE over the past 1 hour is , over the past 24 hours is +3.68%, and over the past 7 days is -11.53%. These figures provide a quick overview of the latest price trends and market dynamics of GSNAKE on LBank.-36.87%
The live price of GSNAKE today is $2.73, with a current market cap of $74,587.17. The 24-hour trading volume is 332.09. The price of GSNAKE to USD is updated in real time.
Before deciding whether to buy or sell GSNAKE, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s GSNAKE technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for GSNAKE.
How much will GSNAKE be worth tomorrow, next week, or next month in ? What about your GSNAKE assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! GSNAKE Price Prediction
To learn more about GSNAKE, consider exploring other resources such as the whitepaper, official website, and other published information:
Snake Finance is an algorithmic protocol operating on the Sonic Chain. While it shares structural similarities with legacy seigniorage models, it introduces "Real Yield" mechanics to improve sustainability. Key features include a Peg Stability Module (PSM) and treasury rehypothecation, which are designed to prevent the liquidity death spirals often seen in older DeFi projects.
The ecosystem utilizes a dual-token system. SNAKE is the algorithmic token intended to maintain a 1:1 peg with $S, the native asset of the Sonic Chain. In contrast, gSNAKE serves as the governance and share token. By staking gSNAKE in the protocol’s "Nest," holders receive SNAKE rewards during periods of protocol expansion.
gSNAKE primarily resides on the Sonic Chain. However, the project has expanded its reach through integrations and airdrop events involving the TON ecosystem. This allows for broader participation and cross-chain bridging, enabling users to interact with the protocol across different blockchain environments while maintaining core operations on Sonic.
The "Nest" acts as the protocol’s boardroom where users stake gSNAKE to earn SNAKE emissions. The "Forest" refers to liquidity farms where users stake Liquidity Provider (LP) tokens to earn more gSNAKE. Additionally, a "Lock Multiplier" allows users to maximize yield and voting power by committing their gSNAKE for longer durations.
To control inflation and support the token peg, Snake Finance requires rewards to be claimed within a 48-hour window. If unclaimed within this period, SNAKE rewards are burned. This mechanism ensures that the circulating supply is managed effectively and encourages active governance and participation from the community.
The PSM is a security feature that charges a fee on reward claims, which is directed to the Treasury. These funds are used for treasury-backed buybacks to maintain the SNAKE peg at a 1:1 ratio with $S. When the token falls below its peg, the protocol utilizes these reserves and reward-burning strategies to restore the intended value.
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