# Goo.Farm A breif description of how the goo.farm hangs together. Deposit GOO and Gobblers to mint SchGOO and Gobbler to earn rewards. ![goo.farm diagram](https://i.imgur.com/7wy21pJ.jpg) ## GOO GOO can be deposited into the VAT to mint schGOO 1:1. GOO can be redeemed by burning schGOO if redeemability is enabled. GOO is not redeemable by default. Governance would have to vote to change this. ## Gobblers Gobblers can be deposited into the VAT to mint SchGobblers. SchGobblers are just wrapped Gobblers and will appear in your wallet the same. Gobbler depoists are locked for 12 weeks. Once the lock period has expired your Gobbler stops earning rewards and can be redeemed like for like by burning your SchGobbler. SchGobblers automatically accrue SchGOO and Schmeckle rewards and can be claimed from the VAT by the SchGobbler owner. ### Schmeckles Schmeckles is the governance token for goo.farm. Schmeckles are only earned by Gobbler lockers. They are minted on a linear schedule over a 1 year period. ## Schtacking As the system earns more GOO, schGOO can be minted 1:1. This newly minted SchGOO is distributed to the reward contracts. SchGOO can be staked in the SchGOO schtaking contract to get a cut of these rewards. SchGOO can also be supplied to the SchGOO:??? LP pool on balancer to receive LP Tokens. These LP Tokens can be staked in the LP schtaking contract to earn SchGOO rewards. ## Subsidised Gobbler purchase Gobbler purchases can be subsidised by the VAT. GOO can be withdraw from the VAT in order to subsidised the purchase of a Gobbler that is then subsequently locked. This can be done in such a way that the virtual balance of the VAT's GOO does not decrease. This process can also be used existing Gobbler owners to lock their Gobbler. ## GOO Fee A GOO Fee can be set by governance to take a system fee in SchGOO. By default the fee is 0%.