GMD Grant Bi-Weekly Update
Date: 12/27/2023
I. Executive Summary:
a) Roadmap Progress:
- Beta to Official Launch: Transitioned from the beta version of GMDv2 Delta Neutral vaults to an official launch following a successful audit. Audit details available at: Audit Report.
b) Milestone/KPI Achievements:
- TVL Milestone: Surpassed 5 million TVL within a week of initiating ARB rewards streaming, marking a significant achievement for GMX and its stakeholders.
- Ongoing Development: Committed to maintaining this development momentum.
c) Dune Dashboards:
- Dashboard Development: In the process of creating a Dune dashboard to accurately display the TVL and performance metrics of the GMDv2 vaults.
II. Current Progress:
- $ARB Rewards Streaming: Successfully commenced streaming of $ARB rewards to users, enhancing yields by approximately 10% for all Delta Neutral Vaults.
- Bi-Weekly ARB Distribution: Implementing a bi-weekly airdrop method for ARB rewards distribution, based on a time-weighted scale. Detailed information on this campaign will be available shortly.
III. Community Engagement:
- Active Updates: Consistently providing updates on vault expansions and other developments through our Discord channels and Twitter.
IV. Partnerships and Collaborations:
- Collaboration with Ghast Protocol: Partnership with Ghast Protocol, which is built on GMD and enhances LP capabilities. Ghast Protocol has opened a market for GMDv2 receipt tokens, offering increased opportunities for LPers. More information at: Ghast Protocol.
We appreciate the continued support and engagement from our community and stakeholders as we advance in our roadmap and strive for excellence in our offerings.
Betsy & Crimson
CMO & COO
GMD Protocol