TIL @GMX_IO's has single-sided BTC and ETH vaults.
I THOUGHT they only had 0.5 delta LPs (and they still have those).
BUT with the new vaults, you can get between 6-14% on ETH and BTC using pretty savvy underlying mechanisms that really deserve their own thread / video.
IN THE
as far as I know, is the only place where you can leverage these LPs (both the single delta and half-delta LPs).
Currently, gmBTC is generating a 14% APR and has a max LTV of 83%.
At 80% LTV, that's 5x max leverage (1/(1-0.8))
The current borrow cost of WBTC on… x.com/i/web/status/18469586686...
Hi 👋 Our GM Vaults are single-sided farming fees on @GMX_IO in double-digit APRs since launch. No leverage needed 🙂
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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