1/ ICYMI, I gave alpha on delta-neutral strategies built on top of @GMX_IO.
Now, @rage_trade's delta-neutral $GLP vaults recently went live & both risk-off/on vaults were filled within minutes, bringing in an additional $10M to the #GMX ecosystem.
#Arbitrum #DeFi #StableCoin
Now, @rage_trade's delta-neutral $GLP vaults recently went live & both risk-off/on vaults were filled within minutes, bringing in an additional $10M to the #GMX ecosystem.
#Arbitrum #DeFi #StableCoin
2/ So, how're the vaults looking?
The risk-on vault is currently yielding ~15.7% while being fully delta neutral, of which:
10.3% are from $GLP rewards
4.7% are from $esGMX which are autocompounded
3.27% are from #GMX traders’ PnL
-2.52% are paid to #AAVE as borrowing interest
The risk-on vault is currently yielding ~15.7% while being fully delta neutral, of which:
10.3% are from $GLP rewards
4.7% are from $esGMX which are autocompounded
3.27% are from #GMX traders’ PnL
-2.52% are paid to #AAVE as borrowing interest
3/ At the same time, the risk-off vault is yielding ~5.4%, comprising of:
$GLP rewards - 4.7%
#AAVE Lending (and the risk on vault) - 0.7%
$GLP rewards - 4.7%
#AAVE Lending (and the risk on vault) - 0.7%
4/ To learn more about delta-neutral strategies, check out my previous tweet breaking down DNS built on top of @GMX_IO, including @rage_trade👇
https://twitter.com/WinterSoldierxz/status/1601257369127702530
5/ According to the @rage_trade Discord mod, their vault cap will be increased after the 2nd audit in January as they’re prioritizing safety.
Stuff like this makes me confident in the protocol.
Stuff like this makes me confident in the protocol.
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