# DeltaPrime Grant Bi-Weekly Update (Feb, 7th)

**URL:** <https://gov.gmx.io/t/deltaprime-grant-bi-weekly-update-feb-7th/3203>\
**Category:** GMX Grants Reports\
**Created:** [February 7, 2024, 3:50pm UTC](https://gov.gmx.io/t/deltaprime-grant-bi-weekly-update-feb-7th/3203 "2024-02-07T15:50:30Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Klazinggav](https://avatars.discourse-cdn.com/v4/letter/k/f07891/32.png) [@Klazinggav](https://gov.gmx.io/u/Klazinggav)\
**Post date:** [February 7, 2024, 3:50pm UTC](https://gov.gmx.io/t/deltaprime-grant-bi-weekly-update-feb-7th/3203/1 "2024-02-07T15:50:30Z")

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Date: 7 Feb 2024

I. Executive Summary:

a) Roadmap Progress

All development of planned GM integrations have succeeded. See below the current KPI progress.

b) Milestone/KPI Achievements

TVL in GM vaults: $6.8M → $8.5M

GLP/GM ratio: 3.75% → 2.93%

Savings utilization ratio: 78.16% → 82.85%

c) Dune Dashboards

> **[DeltaPrime x GMX Grant | Flipside](https://flipsidecrypto.xyz/cloudr3n/delta-prime-x-gmx-grant-deltaprime-x-gmx-grant-pMR_DJ)**
>
> Dashboard evaluating key metrics to determine DP’s success in increasing usage of GMX v2 GM Pools and incentivizing users to shift from GLP (v1) to GM (v2)

II. Current Progress:

As we are nearing 10 weeks of GM deployment on Arbitrum, DeltaPrime now provides $8.5M in total GM deposits. Our goal was to hit the $9M in deposits two days ago (aiming for $1M weekly), but we were short a couple hundred K, missing this target.

Our new goal is to hit the $9M this Monday.

The GLP / GM ratio decreased further to under 3%. We expect this number to fall as time progresses.

With the savings utilization ratio scoring back to 80%-90%, we are again utilizing a healthy part of our liquidity. Having the utilization in this range lowers the spread on interest to a minimum (benefiting both borrowers and lenders), while leaving enough liquidity for either borrower or lender to exit.

III. Community Engagement:

As we saw adoption of GM within the community slow down in the past weeks, we announced a $15k airdrop if we were to hit our Monday milestone.

 ![](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/2X/a/a7f38d782a35589a12dbd9c84e7362bddfaf99db.jpeg)

We additionally held a Twitter poll which got 163 votes, to decide how the airdrop should be rewarded if we were to hit it.

 ![](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/2X/d/daa85a4d335cd123499119fa0b8698df8044007f.jpeg)

And of course the #Strategies-discussion channel in our Discord users discussed amongst themselves how to best use the different GMs

 ![](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/2X/0/0d6ed491c90fad617ba4db0ccc3fe8402634fa4f.png)