# LAUNCH

* 30% of the initial mint will be converted into GLP
* The other 70% will be used to form Uniswap V2 protocol-owned liquidity TOCKET-USDC

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100% of the fees collected from the protocol-owned liquidity and our other underlying assets will be distributed to $GEM hold-and-stakers. The GLP reserve will be also used to absorb single-staking volatility and ensure delta neutrality.
