Thread by @WagameEth

Hey #Arbinauts (💙,🧡) here comes part

2⃣ from our #ArbitrumAutumn 🍂 series: @GMDprotocol is a single asset yield optimizing and aggregating platform for USDC, ETH, BTC built on top of @GMX_IO $GLP

Protocol token $GMD is a potential lowcap 💎 (NFA, DYOR)
🧵👇

Project overview:

🕵️ Team is anon, builders: @gmdSaul, @GMD_Crimson

🪙 native token $GMD - MCAP ≈$5MM, FDV ≈$6.5MM arbiscan.io/address/0x4945…

🧐 Audited by @SolidityFinance 👇
solidity.finance/audits/GMDAOVa…

📈 Stats dashboard 👇 by courtesy of @defi_mochi
dune.com/defimochi/gmd-…

TL;DR: How to earn yield with #GMD protocol?

✅ single asset vaults for USDC, ETH, BTC (live)
✅ single staking protocol native token $GMD (live)
⏱️ DAI vault on top of @GainsNetwork_io (upcoming)
⏱️ syntetic asset crosschain arbitrage strategies (upcoming)

Single asset vaults overview:

exposure to only 1 single asset (USDC, ETH, BTC)
vault assets are pooled to mint $GLP
earn #RealYield offered by @GMX_IO $GLP
LP receipt tokens gmdUSDC, gmdETH, gmdBTC for additional yield, currently on @3xcalibur69

🚨Alpha🚨
LP single asset vaults receipt tokens on @3xcalibur69
gmdUSDC-USDC ≈20% APR
gmdETH-ETH ≈15% APR
gmdBTC-wBTC ≈12% APR

This are stable pools, therefore no IL risk - although remember: with increasing liquidity the APR will decrease

$GMD staking vault overview:

$GMD stakers gain performance fees from single asset vaults
$GMD stakers gain the $GLP profits from traders losses
$GMD stakers absorb single asset vaults IL (impermanent loss)

$GMD as a potential lowcap 💎 (NFA, DYOR) Tokenomics:

🪙 80k max supply
🪙 16k locked as $esGMD and vested over 365 days (to be used for OTC treasury swaps with partnering projects)
🪙 50% $GMD currently staked, unstaking only once every month - happening rn, 💯 wait before 🦧

CONCLUSION:

👉 single asset vaults #RealYield as alternative to $GLP - avoid IL and for risk averse (USDC) or convicted investors (ETH, BTC) searching exposure to just their preferred asset
👉 LP single asset vaults receipt tokens on @3xcalibur69 for extra yield (up to 20% APR)