GMD Protocol is a yield-optimizing and aggregating platform that employs delta-neutral or pseudo-delta-neutral strategies to minimize risks and maximize yield. Its main products are BTC, ETH, and USDC vaults built on top of GMX and GLP, which generate revenue for GMD's reserve and all revenue from single-stake vaults. GMD Protocol also plans to expand into derivative platforms and arbitrage pegged assets in the future.
Launched in 2022 on Arbitrum, the project currently has more than $10 million in TVL.
How GMD Protocol (GMD) Works
The main product of GMP Protocol is Delta-Neutral Vaults. GMD Protocol offers three vaults for auto-compounding and real-time appreciation of BTC, ETH, and USDC. Stakers receive gmdTOKENS for their positions in the vaults, which appreciate in value at their APY rate. These tokens can be used to form Uniswap V3 liquidity for instant entering of vaults and earning extra trading fees with minimal to zero impermanent loss. The vaults provide dynamic deposit fees, 100% liquid vaults, vaults APY surpassing 17%, and improved performance tracking through a Dune Dashboard and GMD Stats Page.
GMD token has a total supply of 80,000, and the circulating supply is unknown.
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GMD Protocol (GMD) Resources
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