Introduction to the GMD Protocol cryptocurrency project

• What is GMD Protocol?
• Mechanism of action
• GMD Protocol's main products
• Delta-Neutral Vaults
• Pseudo-Delta-Neutral
• Revenue
• Development roadmap
• Development team
• Investors
• Tokenomics
• overview
• Token Allocation
• Token use case
• Epilogue

What is GMD Protocol?

GMD Protocol is a profit optimization platform built on top of Arbitrum that aggregates returns from individual assets in a group of GLP or LP indices. With delta-neutral and pseudo-delta-neutral strategies, GMD helps users avoid losses during Farming and increase profits.

Mechanism of action

GMD Protocol's main products

GMD has developed BTC, ETH, USDC single-stake vaults based on GMX and GLP as their first product.

GMD's reserve will be profitable from the GLP base support and all revenue from single-stake vaults.

GMD is not only focused on generating profits from profitable vaults, but also aims to use derivative financial platforms through smart vaults and fixed assets to take advantage of arbitrage. in the near future.

Delta-Neutral Vaults

GMD built single-stake vaults using GLP and Delta-Neutral strategies. This protocol provides staking vaults for asset classes such as BTC, ETH, and USDC.

When users deposit assets into the Vault, they receive gmdTokens representing their position in the vault. With staking positions in USDC, ETH and BTC respectively, users will receive gmdUSDC, gmdETH and gmdBTC as receipt tokens representing the original positions.

Users can use gmdTokens to join the Liquidity Farm with pairs of gmdUSDC-USDC, gmdETH-ETH, gmdBTC-BTC on Uniswap V3. This helps increase profits for users when depositing assets into GMD's Vault.

Pseudo-Delta-Neutral

Before investing in GLP, we need to be aware of certain risks:

• Trader can get profit or loss from GLP pool.
• Price fluctuations and changes in asset weights can lead to temporary losses.
• The volatility of small assets in the group such as LINK or UNI can also affect the value of GLP.

However, with the Pseudo-Delta-Neutral strategy, the protocol will provide a fund to support the balance of assets in the Vault according to the ratio of GLP to GMX. This strategy means that assets will be manually rebalanced so that the component ratio becomes exactly the same as the GLP's asset composition ratio.

Revenue

The GMD protocol will generate actual revenue and profits in ETH from the following sources:

• GMD will collect half the ETH reward from GLP's Delta-Neutral Vaults in the form of performance fees and protocol revenue. This amount will be distributed to GMD bettors in WETH.
• GMD will earn WETH rewards from GLP held in GMD reserve.
• GMD will also collect fees from the liquidity that the protocol owns. These fees will be converted to WETH and distributed to users.

Development roadmap

The development roadmap of the project is presented as shown in the figure below:

Development team

Currently, there is no official information about the project development team. However, when there is new information, the TraderH4 team will immediately update readers so that you get the most accurate and complete information.

Investors

Information about the investor of the GMD project has not been officially announced yet. However, when there is new information, the TraderH4 team will immediately update readers so that you get the most accurate and complete information.

Tokenomics

overview

• Token Name: GMD
• Ticker: GMD 
• Blockchain: Arbitrum 
• Standard: ERC-20
• Contract: 0x494…e28a8b
• Total Supply: 80,000 GMD
• Max Supply: 80,000 GMD

Token Allocation

• 21.3% (17,000 GMD) will be locked as esGMD for use in OTC swaps for partner tokens or long-term investors through several funding rounds.
• 11.3% (equivalent to 9,000 GMD) will be used to increase liquidity on Uniswap V3 and the collaborating decentralized exchanges on Arbitrum.
• 67.5% (equivalent to 54,000 GMD) will be distributed to the community.

The total is 100% (equivalent to 80,000 GMD). EsGMD and GMD are allocated for different purposes to ensure liquidity, OTC swaps, and support for the community.

Token use case

GMD Token holders can participate in the management of the GMD protocol and have the opportunity to profit from its operation.

Epilogue

Analysis of GMD Protocol shows that this is a potential cryptocurrency protocol with attractive features and stability in operation. Hope this article has provided you with a lot of useful knowledge about GMD Protocol. Readers can get more information about this project through the project's official information channels.

Website | Twitter | Medium | Discord