$RAMEN
Token Contracts
On Feb 6, 2025, our token contracts were successfully deployed on Berachain mainnet:
gRAMEN: 0x53a216703434f10771f815723860beafd5b80740
$RAMEN: 0xb8B1Af593Dc37B33a2c87C8Db1c9051FC32858B7
$RAMEN
token
$RAMEN
token$RAMEN
is the liquid, transferrable utility token for Ramen.
gRAMEN
token
gRAMEN
tokengRAMEN
is the locked version of $RAMEN. gRAMEN
is by default illiquid and non-transferable, and can only be earned by locking $RAMEN.
With gRAMEN
, holders can earn Gacha and participate in governance in the future.
Conversion
$RAMEN to gRAMEN
$RAMEN can be locked to receive gRAMEN
, and the conversion is 1:1.
For example, locking 1,000 $RAMEN tokens will instantly create a position of 1,000 gRAMEN
tokens.
gRAMEN to $RAMEN
The maximum locking duration for a gRAMEN
position is 16 weeks.
Users may redeem their gRAMEN
position for $RAMEN instantly at any point in time. However, an unlock tax applies to redemptions before the 16-week maximum duration is up, and the unlock tax applies as illustrated below:
For example,
First 7 weeks from initial lock: The unlock tax associated to a redemption anytime in the first seven weeks is 50%, i.e. 500 $RAMEN is redeemed from a 1,000
gRAMEN
position50th day to 111th day from initial lock: Users can redeem their
gRAMEN
for $RAMEN, but at a linear unlock tax i.e. unlock tax reduces linearly from the seventh week to the sixteenth week16 weeks from initial lock: Users can redeem their
gRAMEN
for $RAMEN at 0% unlock tax i.e. 1,000 $RAMEN is redeemed from a 1,000gRAMEN
position
When you redeem gRAMEN
for $RAMEN, you can only redeem the entire position. Partial redemptions are not possible.
Expired gRAMEN position
At the end of 16 weeks, the gRAMEN
position will expire and automatically be converted back to $RAMEN at 0% tax. At this moment, you will cease to enjoy any Gacha earn rate or any other perks associated with holding gRAMEN. Users will have to manually lock their $RAMEN tokens in a new position.
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