# GMD Protocol Biweekly Update!

**URL:** <https://gov.gmx.io/t/gmd-protocol-biweekly-update/3244>\
**Category:** GMX Grants Reports\
**Created:** [February 22, 2024, 6:31am UTC](https://gov.gmx.io/t/gmd-protocol-biweekly-update/3244 "2024-02-22T06:31:37Z")\
**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:** [February 22, 2024, 6:31am UTC](https://gov.gmx.io/t/gmd-protocol-biweekly-update/3244/1 "2024-02-22T06:31:37Z")

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**Date: February 20th, 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) Milestone/KPI Achievements:**

- TVL up until February 20th, 2023: $3,000,000
- Protocol owned liquidity into vaults: around $100,000
- Unique wallets into vaults: 150++
- All milestones have been successfully surpassed

**c) Contract Addresses:**

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