# GMD Protocol Biweekly Update

**URL:** <https://gov.gmx.io/t/gmd-protocol-biweekly-update/2875>\
**Category:** GMX Grants Reports\
**Created:** [December 13, 2023, 10:14am UTC](https://gov.gmx.io/t/gmd-protocol-biweekly-update/2875 "2023-12-13T10:14:34Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![GMDprotocol](https://avatars.discourse-cdn.com/v4/letter/g/ce7236/32.png) [@GMDprotocol](https://gov.gmx.io/u/GMDprotocol)\
**Post date:** [December 13, 2023, 10:14am UTC](https://gov.gmx.io/t/gmd-protocol-biweekly-update/2875/1 "2023-12-13T10:14:34Z")

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**Date: December 13th, 2023**

**I. Executive Summary and Current Progress:**

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

**a) Roadmap Progress:**

- GMD will start removing deposit fees on all V2 vaults on December 14th, 2023
- All pure $ARB yield be enabled on December 18th, 2023

**b) Milestone/KPI Achievements:**

- TVL up until Dec 13th, 2023: $2,800,000

- Protocol owned liquidity into vaults: around $100,000

- Unique wallets into vaults: 150

- Milestone 2 has been successfully surpassed

**c) Contract Addresses:**

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