Overview
The USDC GMX:GLP strategy is a delta-neutral(non-directional) strategy that utilizes the liquidity pool from the decentralized margin trading exchange GMX and hedges directional bias using futures. The liquidity pool called GLP is the pool traders trade against using up to 50x leverage. Generally, traders lose and the GLP has consistently earned high fees for over 2 years. Although withdrawals are available weekly, the best performance for this strategy is longer than 3 months.
Risk
This strategy aims to be as close to delta-neutral as possible, but due to fluctuations in price of the GLP assets the strategy may be exposed to the underlying delta. We rely on external service providers including Ethereum, Arbitrum, GMX and centralized exchanges such as Binance. In order to hedge, margining is used, but due to the low level of leverage there is low risk of liquidation. There are also risks involving wBTC and the safety of its peg. Flynt Finance reserves the right to withdraw from the strategy considering the market conditions.
- 0.00%
Average APY
- AUM(USDC)0.00USDC
- Next compounding cyclePending
- Average APY w Fees0.00%
- Capacity0 / 0 USDC(NaN%)
Strategy Details
- Investment AssetUSDC
- Reward CurrencyUSDC
- StrategyUSDC GMX:GLP
- Cycle LengthWeekly
- Fee20% performance fee0% on exiting strategy0% management fee
Current Cycle Details
- GLP Quantity0GLP
- GLP Price$0
- Hedge Amount$0.00
- Hedge Ratio0%
- GLP Yield0%
Trade History
Date | Returns | APY | AUM | Profit |