gHYBR Deep Dive

gHYBR is a yield-bearing ERC20 token with unique mechanics:

• Value Appreciation

  1. Vote Revenue Reinvestment: Fees & bribes earned by veHYBR voting are used to buy back HYBR → locked as veHYBR → increases gHYBR backing

  2. Penalty Rewards: 20% penalty from HYBR conversions is distributed to gHYBR holders Together, these mechanisms make each gHYBR worth more HYBR over time.

• Anti-Arbitrage Design

  • Newly minted gHYBR cannot be transferred or sold within 24h (governance adjustable)

  • Prevents epoch-flip arbitrage that would harm existing holders

• Withdraw Mechanics

  • gHYBR can be withdrawn into veHYBR ( disabled 24h before and after epoch flip )

  • A default 0.1% fee is applied (governance adjustable)

  • Withdrawal does not change gHYBR price, simply reduces supply and underlying voting power proportionally

The Role of gHYBR

gHYBR is the centerpiece of Hybra's design. It is a unique ERC20 that combines multiple benefits into a single, flexible asset:

• Liquidity – tradeable 24h after minted ( to avoid interest arbitrage especially during epoch flip )

• Compounding Yield – continuously increases in value as protocol revenue is reinvested

• Penalty Rewards – captures 20% penalty from users claiming direct $HYBR

• Automatic Voting – backed by veHYBR that votes on gauges based on maximized yield result

• Buyback & Re-lock Mechanism – revenue is used to buy HYBR and re-lock as veHYBR, reinforcing the flywheel

Why “gHYBR”? The “g” stands for Governance and Growth — gHYBR is both a governance-powered token (backed by veHYBR) and a value-accruing asset that grows over time.

This design allows users to participate in governance passively, earn auto-compounded yield, and still retain the ability to exit without the long lockups of traditional ve(3,3).