Dear builders, in case you have any questions about the newly launched GLV product, how you and your users may be able to benefit from it, and how best to integrate it, please do not hesitate to reach out. π«
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Introducing GMX Liquidity Vaults (GLV) - Now Live!
GLV is a vault of automatically rebalancing GM tokens, generating fees from leverage trading and swaps across all the included markets.
It can be visualised as a 'pool of pools'. Or an index of all the GM pools with common collateral, optimally rebalancing liquidity between these pools.
The GLV vault dynamically allocates its liquidity to its GM pools, based on their utilisation and demand. This ensures that liquidity flows to the markets that need it the most, providing traders with the deep liquidity they desire, and offering LPs higher capital efficiency.
The first vault is GLV [WETH-USDC] on Arbitrum. GLV can be purchased with ETH, USDC, or any of its 7 underlying GM tokens.
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Continue reading the full announcement on X:
https://vxtwitter.com/GMX_IO/status/1831403607972892737