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GMD Protocol

GMD Protocol GMD Price $ 3.41

80 Watchlists

DeFi

GMD Price

3.41
9.16%
(-$ 0.343)
Price Range
LowHigh
$ 3.40$ 3.78

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

No funds found yet

Wallets

No wallets found yet

Description

GMD Protocol is a yield optimizing and aggregating platform built on top of existing applications and GMD’s reserve token on Arbitrum

GMD Protocol (GMD) Chart

The GMD Protocol to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

GMD to USD Converter

GMD Protocol (GMD)GMD

GMD Price Statistics

leaderboard

Market Cap

N/A

FDV

$ 272.58K

24 Trade Vol.

$ 67.36

Max Supply

GMD 80,000

Total Supply

GMD 80,000

Listing Date

3 Nov 2022

All Time High

$ 165.18

26 May 2023


All Time Low

$ 2.73

25 Mar 2024


From ATH

97.9%

From ATL

24.9%

GMD Protocol Price Analysis

What is GMD Protocol (GMD)?

GMD Protocol is a yield optimizing and aggregating platform built on top of existing applications and GMD’s reserve token on Arbitrum. GMD employs delta-neutral or pseudo-delta-neutral strategies to aggregate yields from an index pool or an LP to its constituent individual assets, eliminating their risks of impermanent loss or exposure to unwanted assets.

GMD’s first products are single-stake (BTC, ETH, USDC) vaults built on top of GMX and GLP. GMD’s reserve will earn yield from underlying backing $GLP and all revenue from single-stake vaults. In the future, besides yield-earning vaults, GMD also aims to leverage derivative platforms through smart vaults (long, short, news trading, social, etc..) and arbitrage pegged assets.

GMD will be the governance token backed by a yield-generating reserve:

  • GMD will be introduced to the market through minting with USDC. 
  • All USDC used to mint GMD will be converted to yield-generating assets to produce yields for GMD holders. 
  • GMD holders also earn revenue across vaults and applications on the platform.

GMD Protocol Price Today

GMD Protocol's current price is $ 3.41, it has dropped -9.16% over the past 24 hours.

GMD Protocol's All Time High (ATH) of $ 165.18 was reached on 26 May 2023, and is currently -97.9% down.

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