Add as a preferred source on GoogleGMX Dollar Vault LPs Can Borrow USDG Against GLV on Morpho
The borrowing feature lets liquidity providers keep earning GMX trading fees. Gauntlet added the lending market to its Gauntlet USDG Premium vault.
Arbitrum announced Friday, Nov. 13, that GMX dollar-vault liquidity providers can use GLV [USDG-USDG] positions as collateral on Morpho to borrow USDG while continuing to earn GMX trading fees.
The development builds on GMX’s earlier move to make its Dollar Vault eligible as collateral for Morpho loans. Gauntlet has added the lending market to its Gauntlet USDG Premium vault.
Collateral is an asset pledged to secure a loan. In this arrangement, the GLV [USDG-USDG] position backs the USDG borrowing, while the provider continues earning GMX trading fees.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.