# GNS Staking **Note:** Following a [Snapshot vote](https://snapshot.org/#/s:gains-network.eth/proposal/0xdbace14c86becd08e0ee5dad6d558bcea08728c623809c113c530b7c5fd7dd4f), all staking rewards are being used to *buy back and burn* (BB\&B) $GNS from the open market. This will continue [indefinitely](https://snapshot.org/#/s:gains-network.eth/proposal/0xff7fe3c76890a5ed4bc272f82d9cc4fbb761576a4781e74cf5abec0f21aa738f) until a new vote is passed. Keep track of the $GNS burn metrics here ➡️ * Or this [Dune dashboard](https://dune.com/midgetwhale/gns-burn) For more details on the $GNS tokenomics, refer to [gfarm2-token](https://docs.gains.trade/what-is-gains-network/gfarm2-token "mention") ## Staking GNS In July 2024, gTrade [introduced the Buyback and Distribute model (BB\&D)](https://medium.com/gains-network/evolving-gains-network-tokenomics-introducing-buyback-and-distribute-c15ce1fa8fdb) to reward $GNS stakers with 55% of the protocol’s revenue. This allocation is now used to buyback & burn $GNS from the open market. The tokenomics have been designed to adapt over time, ensuring flexibility in response to both community demand and market conditions. $GNS holders may stake their tokens to earn a share of the gTrade’s revenue in case direct revenue sharing (SSS or BB\&D) is turned back on. In the meantime, all $GNS holders are seeing revenue sharing through continuous buybacks & burns. ## Buyback & Burn Around 60% of the open and close fees generated by the platform ($USDC, $DAI, $WETH) are used to buy back $GNS OTC using the 1 hour TWAP + a 1% premium to ensure a reliable arbitrage opportunity. Buying back $GNS with the non-GNS collaterals both creates a sustained buying pressure and a more stable price floor, as well as helps retain value within the ecosystem. The revenue can be distributed to **$GNS stakers**, the **governance fund**, or the **burn address**. This allocation of revenue is flexible and is currently set to: 90% $GNS burn (`60% * 0.9 = 54%`), 10% governance fund (`60% * 0.1 = 6%`). You can read more about the Buyback & Distribute (or Burn) tokenomics in this [Medium article](https://medium.com/gains-network/evolving-gains-network-tokenomics-introducing-buyback-and-distribute-c15ce1fa8fdb). ## Audit Our staking contract has been audited here: ## $GNS Staking FAQ **Are my staked $GNS locked for a certain period of time?** There is currently no timelock for staking $GNS, and you are able to withdraw at any time. **What's the difference between the buttons "*****Harvest*****" and "*****Compound*****"?** *Harvest* transfers your rewards to your wallet. *Compound* harvests your rewards and restakes them, in a single transaction. **I staked before September 30, 2023 and I can't find my staked $GNS. Where are they?** Your $GNS is in the deprecated vault. The staking vault was upgraded in late September 2023, and you can unstake your $GNS from the old vault here: