# Proposal to use GMX-USDC as GLV market **URL:** \ **Category:** Proposed GM Markets\ **Tags:** new-assets\ **Created:** [March 19, 2025, 12:04pm UTC](https://gov.gmx.io/t/proposal-to-use-gmx-usdc-as-glv-market/4453 "2025-03-19T12:04:06Z")\ **Posts on this page:** 6\ **Page:** 1
**Author:** ![0xjunwei](https://avatars.discourse-cdn.com/v4/letter/0/e95f7d/32.png) [@0xjunwei](https://gov.gmx.io/u/0xjunwei)\ **Post date:** [March 19, 2025, 12:04pm UTC](https://gov.gmx.io/t/proposal-to-use-gmx-usdc-as-glv-market/4453/1 "2025-03-19T12:04:06Z")
Recommend the usage of GMX-USDC as a underlying resource for GLV Pool to create synthetic markets for alt coins with smaller marketcaps. This allows use to bootstrap more liquidity for glv markets and free up the current ETH and BTC glv for coins with larger mcap or less volatility. Seeing current GLV markets being roughly 10m in size, we cant keep adding more smaller gm market to back it using the limited size. TLDR: - creates more use case for gmx - More liquidity given the amount of gmx users - Free up liquidity to segregate smaller mcap and large mcap \>1b maybe ---
**Author:** ![Jonezee](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/jonezee/32/1238_2.png) [@Jonezee](https://gov.gmx.io/u/Jonezee)\ **Post date:** [March 19, 2025, 12:07pm UTC](https://gov.gmx.io/t/proposal-to-use-gmx-usdc-as-glv-market/4453/2 "2025-03-19T12:07:58Z")
I can see the logic behind this suggestion. Will need to think a bit more about the impact of creating additional pools based on gmx-usdc to back these altcoin markets, and how that complexity affects the user experience. Thanks for sharing this as a proposal, Junwei. ---
**Author:** ![Saulius](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/saulius/32/455_2.png) [@Saulius](https://gov.gmx.io/u/Saulius)\ **Post date:** [March 20, 2025, 1:59pm UTC](https://gov.gmx.io/t/proposal-to-use-gmx-usdc-as-glv-market/4453/3 "2025-03-20T13:59:28Z")
Sounds logical given that gmx-solana will use similar GLV:GMX/USDC vault as main base for all it’s liquidity needs in the future. ---
**Author:** ![Seraph](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/seraph/32/533_2.png) [@Seraph](https://gov.gmx.io/u/Seraph)\ **Post date:** [March 22, 2025, 3:30am UTC](https://gov.gmx.io/t/proposal-to-use-gmx-usdc-as-glv-market/4453/4 "2025-03-22T03:30:08Z")
my hope is large amount of GMX, and other capital drive down costs for traders and pull more traders in. great proposal! ---
**Author:** ![0xjunwei](https://avatars.discourse-cdn.com/v4/letter/0/e95f7d/32.png) [@0xjunwei](https://gov.gmx.io/u/0xjunwei)\ **Post date:** [March 27, 2025, 5:07am UTC](https://gov.gmx.io/t/proposal-to-use-gmx-usdc-as-glv-market/4453/5 "2025-03-27T05:07:12Z")
I do hope this could be looked into especially by Team, like how could we push this proposal forward? or seek Chaos Labs opinion with regards to this? Noticing Altcoins liquidity to be thin and and wondering what is a reasonable supply cap if we create a GMX GLV vault to prevent abuse too. ---
**Author:** ![Seraph](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/seraph/32/533_2.png) [@Seraph](https://gov.gmx.io/u/Seraph)\ **Post date:** [March 31, 2025, 5:12am UTC](https://gov.gmx.io/t/proposal-to-use-gmx-usdc-as-glv-market/4453/6 "2025-03-31T05:12:31Z")
hey JW and all community contributors have discussed this internally… we do like this idea a lot, and we are looking forward to it being implemented in GMX-solana and observing the market dynamics of it. Currently, we are considering this once the trader volume in GMX goes up, so that it does not affect the APR of GLV-ETH… we want liquidity provider to have a good APR. the key now is to do incentives to get traders in. once traders are in, volume is more consistent, i will personally revisit this to get a GLV - GMX-USD.