GMX treasury sits on significant USDC from fee revenue. We’ve deployed an overcollateralized credit market on Morpho Blue (Arbitrum) — 115K GVLT at $4,610/token = $531M posted collateral. 62.5% LLTV. 72hr timelock.
Same risk discipline GMX applies to margin management — applied to treasury yield. Permissionless deposits, withdraw anytime, standard ERC-4626.
We really tried to optimize in areas others have not yet done, and a way that truly benefits the community.
Worth a look for idle treasury USDC?
Vault: Morpho
Thanks for putting this together the structure is genuinely thoughtful and we can see the care that went into the risk parameters (overcollateralization, conservative LLTV, 72hr timelock, ERC-4626 liquidity). It’s clear you’ve optimized in areas others haven’t.
That said, not in a position to deploy treasury USDC into external yield strategies at this time. The current priority is preserving runway and keeping the treasury in the most liquid, low-counterparty-risk position possible regardless of how well-structured the opportunity is.
This isn’t a reflection on the quality of your proposal. Appreciate you reaching out and best of luck with the deployment.