GammaSwap wallet

What is GammaSwap (GS)?

GS is the governance token of GammaSwap, a protocol whose first version (V1) turns ordinary DEX liquidity into something closer to an options market; its newer V2 is a short-term up-or-down prediction market. In V1, a liquidity provider deposits a token pair into a GammaSwap pool; a trader on the other side borrows that liquidity, unwinds it into the two underlying tokens and holds the position open for as long as the collateral covers it. The borrower is effectively long volatility, the lender is short it, and there is no expiry date, which is why the positions are described as perpetual options. The protocol runs its own AMM, DeltaSwap, alongside pools built on other exchanges, and GS holders vote on protocol governance proposals.

As a coin in a wallet, GS is a plain ERC-20 with no special mechanics: the balance does not rebase, nothing accrues to it on its own, and every transfer is paid in ETH on whichever network the tokens sit on. Two things do trip holders up. First, the protocol issues esGS, an escrowed form paid out for staking or providing liquidity inside GammaSwap; esGS cannot be transferred and will not show up as GS in a wallet until it is vested back. Second, the two-letter ticker GS is used by unrelated projects, so a token list entry named GS is not proof it is this one.

GS also exists on more than one EVM network, and because an EVM address looks identical everywhere, the tokens themselves are not interchangeable across chains without a bridge. Tangem keeps GS on each chain as its own line with its own balance and displays the outgoing network on the signing screen, so the holder confirms where a transfer is headed before the card signs it. With three copies of the same token and a ticker shared by strangers, that per-network view is the practical reason to keep GS here.

Supported networks in Tangem (3): Arbitrum One, Base, Ethereum.