Asset

Gold Token/XAUm

XAUm represents the foundational Real-World Asset (RWA) within the Creek ecosystem, serving as the primary collateral backing all derivative assets. Each XAUm token is backed 1:1 by one troy ounce of physical gold held in secure custody by Martixdock, with full verification and audit capabilities.

The custodial architecture employs a multi-tiered security framework with transparent audit trails, including regular third-party verification of physical gold reserves. XAUm is designed as a fully compliant tokenized representation of physical gold, adhering to relevant regulatory frameworks for asset-backed tokens.

GY (Gold Yield token)

GY tokens represent the volatility component of gold's value, capturing the differential between the current gold spot price (gPrice) and its 90-day EMA (sValue). Key features include:

• Inherent Leverage Structure: GY incorporates a dynamic leverage mechanism where:

  LR = gPrice/vValue

  with leverage ratios typically ranging from 10× to 30× depending on market conditions

• Protocol Revenue Entitlements: GY holders receive 35% of all protocol revenue, distributed proportionately to holdings

• Supply Mechanics: Each XAUm token generates exactly 100 GY tokens upon staking, maintaining strict supply correlation with underlying gold reserves

GY functions as a capital-efficient instrument for expressing directional views on gold price movements, with exposure amplified through its inherent leverage design.

GR (Gold Reserve token)

GR tokens embody the stable value component of gold, specifically representing the 90 and 120-day weighted price baseline value (sValue). The token structure incorporates

• Collateralization Functionality: GR serves as the primary collateral for minting GUSD stablecoin, with an initial collateralization ratio of 85%

• Value Anchoring: Each GR derives its value directly from the EMA calculation, providing a smoothed representation of gold's intrinsic value

• Fixed Issuance Ratio: 100 GR tokens are minted for each XAUm staked, creating predictable supply mechanics

GR functions as a stability-focused instrument, enabling users to maintain exposure to gold's underlying value while minimizing volatility risk.

GUSD (Gold Stablecoin)

GUSD functions as a gold-backed USD-pegged stablecoin, designed to maintain a strict 1:1 parity with the US dollar through multiple stabilization mechanisms:

• Collateralization Parameters: GUSD issuance requires GR-based collateralization (with an 85% initial collateralization ratio) or whitelisted alternative assets

• Peg Enforcement: Maintained through stability fees, liquidation thresholds, and market operations

• Capital Efficiency: Collateralization parameters are algorithmically calibrated to maximize capital efficiency while maintaining system-wide risk parameters

As the protocol's medium of exchange, GUSD enables capital-efficient access to stable value while maintaining indirect linkage to gold reserves.