If a user deposits SPIRIT into Grim Finance, that SPIRIT is locked forever on the platform as inSPIRIT.
A tokenized version of inSPIRIT, GinSPIRIT, is returned to the user at a 1:1 rate. (WILL NOT BE THE SAME PRICE OF SPIRIT)
GinSPIRIT can be staked into the platform to receive SpiritSwap protocol revenues (swap fees) and deposit fees which will be compounded automatically to more GinSPIRIT.
Staking GinSPIRIT in the single stake vault on Grim Finance will make you eligible for select partner airdrops
GinSPIRIT Liquidity Pools
Rather than staking GinSPIRIT, users can also choose to contribute to the SpiritSwap liquidity pool GinSPIRIT-SPIRIT LP.
Users can stake their LP token in the SPIRIT-GinSPIRIT LP vault and enjoy compounding their LPs, while Grim Finance takes care of automatically converting the rewards received from SpiritSwap into more SPIRIT-GinSPIRIT LPs.