Baklava Space
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      • Receipt Tokens
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      • πŸ–‹οΈ About Vaults - General
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  1. Avalanche Vaults
  2. πŸš€ GMX Vaults

🧁 GMX Leverage GLP Vault

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Last updated 1 year ago

GLP is perpetual exchange's global liquidity pool token that constitutes multiple tokens, mainly stablecoins, BTC and ETH. This vault strategy works in tandem with the by borrowing stablecoin from the lending vault to enter a leverage position in GLP.

The leverage we are using is 3.25x. Initially the design of the GLP 2.25x leverage vault is referenced upon the vault, which is a leveraged GLP vault only available on Arbitrum. We have done our own back-testing and researched on various models for the leveraged GLP vault and found that that 3.25x is the most optimal leverage.

Baklava Space is the only similar offering on Avalanche.

Description

Method

Deposit sGLP or GLP component assets Into the vault. This vault will borrow USDC from the lending vault to purchase more GLP, achieving a leveraged position of 3.25x.

User Profile

For GLP and GMX maxis who want to double down on their GLP positions.

Yield Source

Borrowed GLP

Risk

Principal not protected as GLP deposited is used as collateral to borrow from .

Lockup

No Lockup, principal can be withdrawn anytime.

Payout

$AVAX

Start Date

2023 on Avalanche.

Management Fees

10% of leverage earnings is charged as management fees (note:we do not charge on your principal earnings)

As a comparison, JonesDAO on Arbitrum charges 20% management fees as of March 2023

Withdrawal Fees

0.5% withdrawal fee

GMX
Stablecoin Lending Vault
JonesDao
USDC Lending Vault