Hybra G33 Token System Overview
Hybra Token System Overview
The Hybra token economy builds upon the proven ve(3,3) model, but takes it a step further. Our goal is to strike a better balance between liquidity, governance power, and long-term value capture.
Learning from ve(3,3)
Traditional ve(3,3) systems have shown:
Strong governance alignment – emissions are directed by veToken holders
Sticky liquidity – LPs are incentivized to stay through bribes and boosted emissions
❌ Complexity for new users – many users just sell rewards rather than lock, leading to dilution
Hybra takes these lessons and improves on them by adding gHYBR, a yield-bearing ERC20 that captures the benefits of ve(3,3) while restoring optionality and capital efficiency.
Why This Design?
Hybra introduces a triple-path reward system:
veHYBR: maximizes governance power (for long-term voters and ecosystem builders)
HYBR: provides immediate liquidity (for short-term participants)
gHYBR: a hybrid option that offers liquidity + compounding + automatic value accrual
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).
HYBR
Liquid Token
Free trading, bribes, liquidity incentives
veHYBR
Governance Lock
Vote on gauges, governance proposals, earn bribes and fee share
gHYBR
Yield-Bearing ERC20
Liquidity + compounding + penalty rewards + auto-voting + buyback-driven appreciation
User Journey
Provide liquidity
Earn trading fees + emissions
Choose one of three paths for emissions: veHYBR, HYBR, or gHYBR
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