# \[Spectra\] Grant Bi-Weekly Update 2

**URL:** https://gov.gmx.io/t/spectra-grant-bi-weekly-update-2/3727
**Category:** GMX Grants Reports
**Created:** [July 25, 2024, 11:29pm UTC](https://gov.gmx.io/t/spectra-grant-bi-weekly-update-2/3727 "2024-07-25T23:29:12Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![absoluteunit](https://avatars.discourse-cdn.com/v4/letter/a/a3d4f5/32.png) [@absoluteunit](https://gov.gmx.io/u/absoluteunit)
#### Post date: [July 25, 2024, 11:29pm UTC](https://gov.gmx.io/t/spectra-grant-bi-weekly-update-2/3727/1 "2024-07-25T23:29:12Z")

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**Date: 25 July 2024**

**I. Executive Summary:**

Both the gmETH and gmBTC pools were launched on Arbitrum. Roughly $100k in TVL was acquired in both pools. Another batch of deposits is set to come in this week.

**a) Roadmap Progress**

Launched both the gmETH and gmBTC Pools, $100k TVL achieved with more to come

**b) Milestone/KPI Achievements**

Same as above, gmETH and gmBTC pools were deployed.

**c) Dune Dashboards**

N/A

**II. Current Progress:**

$100k TVL achieved in each pool, another $1mm is set to be deposited in both this week

**III. Community Engagement:**

None as of yet, we will start marketing as soon as the APW gauge is completed

**IV. Partnerships and Collaborations:**

N/A