GMD Protocol Bi-weekly Update Report

Date: February 7th, 2024

I. Executive Summary and Current Progress:

GMD Protocol has successfully grown our GMX V2 Vaults to hold more than $9,000,000 in TVL at our peak.

Funds have been used for 2 main purposes: Removing fees into GMD’s V2 Vaults and Boosting yield to bootstrap more liquidity.

a) Roadmap Progress:

  • GMD had started removing deposit fees on all V2 vaults on December 14th, 2023
  • All pure $ARB yield were enabled on December 18th, 2023
  • All 5 $ARB Airdrops of more than 15,000 $ARB have been distributed to our V2 Vault users, with the last airdrop being 20,000 $ARB

b) Milestone/KPI Achievements:

  • TVL up until Feb 7th, 2024: $7,500,000+
  • Protocol owned liquidity into vaults: $100,000
  • Unique wallets into vaults: 250+
  • All 3 initial milestones set for our product have been successfully surpassed
  • GMD Protocol is targeting an ambitious 9m in total GMX V2 vaults TVL by the end of the period

c) Contract Addresses:

  • GM-ETH Vault Contract: 0x5F01D28467953fDa3dc0e2828DAEAbDa0b06CDF3
  • GM-BTC Vault Contract: 0xB0F3e3F5C52Ece66Fe44ac7ECedbD06B7aEc11b2
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