I just found a real yield project that is capable of revolutionizing yield farming for DeFi users.
Care to know about it?
Read onπ
π§΅π§΅
Care to know about it?
Read onπ
π§΅π§΅
To begin with, The project name is @GMDprotocol , It is a yield optimizing and aggregating platform built on top of existing applications and GMDβs reserve token on Arbitrum.
Interesting right, walk with me πΆ
Interesting right, walk with me πΆ
In this thread, I will be covering:
β¦οΈIntroduction
β¦οΈThe Problem
β¦οΈ@GMDprotocol as the solution
β¦οΈHow it works
β¦οΈTokenomics
β¦οΈTheir products
β¦οΈReal yield, how?
β¦οΈExpansion to AVAX
β¦οΈRoadmap
β¦οΈConclusion
β¦οΈIntroduction
β¦οΈThe Problem
β¦οΈ@GMDprotocol as the solution
β¦οΈHow it works
β¦οΈTokenomics
β¦οΈTheir products
β¦οΈReal yield, how?
β¦οΈExpansion to AVAX
β¦οΈRoadmap
β¦οΈConclusion
GMD Protocol is a platform that helps users earn more yield on their investments by combining and managing them in a smart way.
It uses advanced strategies to reduce risks and maximize returns, and is built on top of existing applications using a reserve token on Arbitrum.
Fine, @GMDprotocol is here to revolutionise Yield Farming for DeFi users by using delta-neutral and pseudo-delta-neutral strategies to minimize risks.
By now, you are probably asking yourself "how does this work?"
By now, you are probably asking yourself "how does this work?"
@GMDprotocol built a single stake vault for $BTC,$ETH, $USDC on GMX and GLP that allows users earn more yield by using the pseudo-delta-neutral strategy.
This strategy helps minimize risks and maximize profits for users.
Here is a pictorial view of how it works tooπ
This strategy helps minimize risks and maximize profits for users.
Here is a pictorial view of how it works tooπ
it is important to note that their reserve earns interest from $GLP, and all of its income comes from a single-stake vault.
In the near future, they plans to leverage smart vaults and arbitrage pegged assets to take advantage of derivative platforms.
Nice goals, i must say.
In the near future, they plans to leverage smart vaults and arbitrage pegged assets to take advantage of derivative platforms.
Nice goals, i must say.
β’Tokenomics:
β’MS of 80,000 $GMD
β’17,000 $GMD will be locked as $esGMD which will later be used for OTC swaps with partners/investors
β’9,000 $GMD will be added to Uniswap V3 and other decentralized exchanges for liquidity
54,000 $GMD will be available for the community to use
β’MS of 80,000 $GMD
β’17,000 $GMD will be locked as $esGMD which will later be used for OTC swaps with partners/investors
β’9,000 $GMD will be added to Uniswap V3 and other decentralized exchanges for liquidity
54,000 $GMD will be available for the community to use
Their tokenomics is very much interesting.
But you might want to check this for info: gmd-protocol.gitbook.io
But you might want to check this for info: gmd-protocol.gitbook.io
Products:
Their recent products are:
β’Pseudo delta neutral vault
β’Liquidity Pools
β’BFR USDC Vault
β’Staking
Their recent products are:
β’Pseudo delta neutral vault
β’Liquidity Pools
β’BFR USDC Vault
β’Staking
1οΈβ£Pseudo-delta-neutral vault: Like i said earlier, they built a single stake vault for $BTC,$ETH, $USDC on $GMX and $GLP that allows users earn more yield and minimize risks for user.
Here is how it works π but it is important to note that,
Here is how it works π but it is important to note that,
Their "pseudo-delta-neutral" approach consists of three main parts, namely:
β’Deposit Rebalancing
β’Protocol's GLP Reserve with
β’a Delta-Neutral Ratio
β’Deposit Rebalancing
β’Protocol's GLP Reserve with
β’a Delta-Neutral Ratio
β’Deposit Rebalancing
The GMD Protocol team will manually rebalance all deposited assets once every week. which will guarantee that the composition ratio will match the asset composition ratio of GLP perfectly
The GMD Protocol team will manually rebalance all deposited assets once every week. which will guarantee that the composition ratio will match the asset composition ratio of GLP perfectly
β’Their Reserve: To safeguard them against underperformance in the Delta-Neutral Vaults, keep in mind that their reserve earns interest from $GLP, which accounts for 5β15% of the total TVL.
β’The Ratio: They created a single stake vault for $BTC, $ETH, and $USDC, as I mentioned earlier.
They will then be given the same weight as how GLP has divided up these assets and modified accordingly. As a result, the assets that were placed will guarantee yields from $GLP.
They will then be given the same weight as how GLP has divided up these assets and modified accordingly. As a result, the assets that were placed will guarantee yields from $GLP.
2οΈβ£ This is very thoughtful of the team, let's move on to their liquidity pool.
They provide liquidity pools for a range of cryptos, allowing users to profit from trading, arbitrage, and users accessing and utilizing the vaults.
Here's an overviewπ
They provide liquidity pools for a range of cryptos, allowing users to profit from trading, arbitrage, and users accessing and utilizing the vaults.
Here's an overviewπ
3οΈβ£ USDC BFR Vault
Holders of USDC can earn yield by staking their USDC in the GMD-Buffer vault to generate BLP tokens and pay trading commissions.
The weekly fees of @Buffer Finance and traders' PnL determine the Vault APY. The APY is 19.5% as of this writing.
Holders of USDC can earn yield by staking their USDC in the GMD-Buffer vault to generate BLP tokens and pay trading commissions.
The weekly fees of @Buffer Finance and traders' PnL determine the Vault APY. The APY is 19.5% as of this writing.
GMD also provides staking options, where users can profit by holding GMD tokens and taking part in the network's consensus procedure. The v2 staking pools for GMD and esGMD have just been added to this.
Here's how it looks like π
Here's how it looks like π
Real Yield Source:
According to their whitepaper. GMD Protocol earns real yield revenue in ETH:
β’Compounding of 50% of ETH rewards earned from Delta-Neutral Vaults using GLP tokens.
β’WETH rewards earned from the GLP in the GMD Reserve.
According to their whitepaper. GMD Protocol earns real yield revenue in ETH:
β’Compounding of 50% of ETH rewards earned from Delta-Neutral Vaults using GLP tokens.
β’WETH rewards earned from the GLP in the GMD Reserve.
β’Collection of performance fees/protocol revenue from Delta-Neutral Vaults, with 50% of the fees distributed to $GMD stakers in WETH.
β’Fees collected through protocol-owned liquidity, converted to WETH, and distributed to $GMD stakers.
β’Fees collected through protocol-owned liquidity, converted to WETH, and distributed to $GMD stakers.
Expansion to Avalanche Blockchain
In order to launch their delta-neutral vault on the Avalanche Blockchain, @GMDprotocol recently collaborated with @traderjoe xyz. Currently, there are 4 vaults: USDC, AVAX, WETH, and BTC.b, each with a 500k initial vault cap.
In order to launch their delta-neutral vault on the Avalanche Blockchain, @GMDprotocol recently collaborated with @traderjoe xyz. Currently, there are 4 vaults: USDC, AVAX, WETH, and BTC.b, each with a 500k initial vault cap.
Read more about it here:
Having completed some of their plans, here is an overview of how their roadmap looks.
More interesting activities would be added soon
More interesting activities would be added soon
I personally believe that @GMDprotocol is capable of revolutionizing yield farming for DeFi users with all their products.
This is definitely something I would like everyone to check out as their have a substainable mechanism and yield with low risk.
This is definitely something I would like everyone to check out as their have a substainable mechanism and yield with low risk.
To know more about @GMDprotocol , visit their:
Website: gmdprotocol.com
Discord: discord.gg
Medium: @GMDprotocol" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
Docs: gmd-protocol.gitbook.io
And finally, don't forget to interact with theirApp: app.gmdprotocol.com to get started
Website: gmdprotocol.com
Discord: discord.gg
Medium: @GMDprotocol" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
Docs: gmd-protocol.gitbook.io
And finally, don't forget to interact with theirApp: app.gmdprotocol.com to get started
Incase you found this interesting, don't forget to Like, RT and comment pls.
I remain @Only1temmy your DeFi friend.
I remain @Only1temmy your DeFi friend.
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