# GVLT Overcollateralized Credit Market + GMX

**URL:** <https://gov.gmx.io/t/gvlt-overcollateralized-credit-market-gmx/5073>\
**Category:** Proposed GM Markets\
**Tags:** governance, new-assets\
**Created:** [April 2, 2026, 12:54pm UTC](https://gov.gmx.io/t/gvlt-overcollateralized-credit-market-gmx/5073 "2026-04-02T12:54:21Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![aeontrinity](https://avatars.discourse-cdn.com/v4/letter/a/258eb7/32.png) [@aeontrinity](https://gov.gmx.io/u/aeontrinity)\
**Post date:** [April 2, 2026, 12:54pm UTC](https://gov.gmx.io/t/gvlt-overcollateralized-credit-market-gmx/5073/1 "2026-04-02T12:54:22Z")

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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](http://app.morpho.org/arbitrum/vault/0x4d87C18b7b3b64d79ee28745701620f658c21341)

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**Author:** ![Saurabh](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/saurabh/32/1237_2.png) [@Saurabh](https://gov.gmx.io/u/Saurabh)\
**Post date:** [April 3, 2026, 11:23am UTC](https://gov.gmx.io/t/gvlt-overcollateralized-credit-market-gmx/5073/2 "2026-04-03T11:23:32Z")

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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.