# GMX Dollar Vault LPs Can Borrow USDG Against GLV on Morpho By John Kim Canonical URL: https://www.tokenpost.com/news/business/57063 Published: 2026-11-13T22:38:55.000Z Updated: 2026-11-13T22:38:55.000Z Section: Business > 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. ## Links in this article - [move to make its Dollar Vault eligible as collateral for Morpho loans](https://www.tokenpost.com/news/business/55004)