Finally, we have consistently broken 20m+ with our Total Value Locked ???

@everyone Rewards for $GMD stakers will start soon on Tuesday, November 8th at 12:00 UTC.

Buy and Stake your $GMD at: https://app.gmdprotocol.com/stake

Rewards for $GMD stakers are #RealYield generated from Protocol-owned Liquidity and our $USDC, $ETH, $BTC Single-Stake Vaults. The estimated APR for the current level of TVL is at >110%, as seen on our app.

Reminder, your staked GMD will be locked and can only be unlocked during the 48-hour window at the beginning of every month UTC time. We are aware that our current locking system might result in a constant monthly cycle where buying volume dries up Yield Aggregator and Smart Vaults | GMDuring the later half of the month, as people await the monthly unlock. Hence, we are developing another $GMD staking pool that incorporates multiplier points which boost the yield for long-term stakers. That way, holders will have another liquid option to earn yield. The ETA of this new stake mechanism will be early December.

Stay tuned!

$GMD is officially on @CoinMarketCap!

$GMX $GLP $GNS $GMD

https://coinmarketcap.com/currencies/gmd-protocol/markets/

CoinMarketCap

GMD Protocol price today, GMD to USD live, marketcap and chart | CoinMarketCap

Get the latest GMD Protocol price, GMD market cap, trading pairs, charts and data today from the world’s number one cryptocurrency price-tracking website

$GMD 's official launch details:
First delta-neutral $GLP vault on #arbitrum will soon emerge.

✅Whitelist/public mint
✅Vault open
✅Reserve composition
✅Staking

Whitelisted members have been informed on the ETA of the launch.

$GMX $GMD $GLP $GNS

GMD Protocol LaunchWe have received some good news with the audit report, which will be released soon. Hence, here is the long awaited information on the protocol’s official launch.

Whitelist:There will be 7k $GMD to be minted at around 27–33% discount against market price for whitelisted members. We believe this is rewarding enough for our early supporters and also fair for spot buyers. At 28$ market price for example, the mint price would be 19.5–20.5$. The exact number will be decided when mint occurs.

Whitelisted members will be notified of the time of the mint ahead. Since we expect the whitelist mint to sell out very quickly, we advise whitelisters to stay alert of the mint time and be present to contribute.

Public:Once the whitelist mint is over, we will announce and open for the public to contribute. The mint price, however, will be only at a 15% discount against market price. There will be 13k tokens for the public to mint.

Note: All minted tokens will be linearly vested for 5 days.

To encourage minters not to sell their tokens, we will start distributing #realyield revenue for $GMD stakers 3 days after mint day, which will drive up demands for $GMD.

$GMD stakers receive platform revenues in fees generated from protocol-owned liquidity and protocol-owned GLP.

Reserve:75% of raised funds will be used to purchase $GLP, while 25% will be used to form protocol owned liquidity with the following pairs:

gmdUSDC — USDC, gmdETH -ETH, gmdBTC -BTC, GMD — USDC, GMD — ETH

POLs will allow people to enter/exit the vaults when stake/unstake is disabled and arbitrage the price of receipt tokens. Again, all fees generated by POLs and $GLP in reserve will be distributed to $GMD stakers.

Vault:Our single-stake vault will also be opened as soon as minting for whitelisters starts. If you are whitelisted, you can deposit and try out our delta-neutral vault. As soon as the whitelisted mint is done, the public will be made aware and can deposit if there is available room.

If the vault cap is full, you can always enter later as we raise the vault cap incrementally every few days. You can also purchase vault receipt tokens(gmdUSDC, gmdETH, gmdBTC) on uniswap to enter the vaults as well.

Vault cap on the first day: 250k usdc, 115 eth, 5.25 btc.