GMD

1. Summary

Ranks

Liquidity

-

Developer

-

Social

63

Momentum (beta)

0

Stack Rank™

-

Price

$2.65 0.0%

Market Cap

$156,945.00 (#6498)

Supply

/

Tags

Avalanche Ecosystem Arbitrum Ecosystem

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Price
52W High price	$66.33
52W High date	5th Nov 2023 (1 year ago)
All Time High (ATH) Date	19th Feb 2025 (2 months ago)
All Time Low (ATL) Date	19th Feb 2025 (2 months ago)

Supply & Trading Volume
Trading Volume (24h)	$2.00

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Description

GMD Protocol

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GMD Protocol

GMD Protocol is a yield-optimizing and aggregation platform built on top of existing applications and GMD’s reserve token on Arbitrum. The platform employs delta-neutral or pseudo-delta-neutral strategies to aggregate yields from an index pool or liquidity provider and distribute them among its constituent individual assets, eliminating the risks of impermanent loss or exposure to unwanted assets.

Overview

GMD Protocol was launched on October 24, 2022. It is built on the Arbitrum network and utilizes the GMD reserve token as its backbone, enabling the use of delta-neutral strategies to aggregate yields from an asset pool while minimizing risks.

Tokenomics

GMD Token

GMD (Governance and Monetary Distribution) is a governance token for the GMD Protocol. It has a maximum supply of 80,000 tokens, of which 17,000 tokens are locked as esGMD for use in OTC swaps for partnership tokens and long-term investments. Another 9,000 tokens are used for adding liquidity on decentralized exchanges such as Uniswap V3 and those partnered with Arbitrum. The remaining 54,000 tokens are circulating within the community.

esGMD

esGMD is a variant of GMD that can currently only be obtained through private seed rounds with GMD Protocol. It has various use cases, such as OTC swapping for partnership tokens, which are likely to be staked for further user incentives. The funds raised through esGMD or swapped using esGMD will be used to generate yield for GMD stakers and support the operations of the protocol. esGMD can be locked for 365 days to receive GMD and staked to earn higher APR compared to liquid GMD.

Staking

Staking on the GMD Protocol involves participating in its yield optimization and data aggregation processes. The protocol utilizes either delta-neutral or pseudo-delta-neutral strategies to pool returns from an index or liquidity provider and distribute them among its constituent holdings, thereby reducing the risk of temporary loss or exposure to unviable assets.

GMX

The GMX decentralized exchange is a perpetual contract trading platform for popular cryptocurrencies. Users trade perpetuals by depositing collateral and taking long or short positions.

Vault Structure

Single-Stake Vaults

GMD Protocol’s initial offerings are single-stake vaults for BTC, ETH, and USDC built on GMX and GLP. These vaults employ a pseudo-delta-neutral strategy to weight the assets based on the composition of GLP, generating new GLP and earning income from its sale. The vaults are rebalanced weekly to maintain constant hedging parameters. The GMD reserve earns yield from the underlying GLP and all revenue from the single-stake vaults.

Future Plans

The protocol aims to expand its offerings to include smart vaults for various purposes such as long and short trading, news trading, social trading, and creating arbitrage pegged assets.

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