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Solv Protocol Partners With GMX
Solv Protocol has formed a partnership with GMX. This partnership is aimed at strengthening the relationship between the two communities. Solv has already established six trading strategy vaults on GMX, with a total value locked (TVL) exceeding $100M. These vaults have generated over $5M in yields by providing liquidity on GMX.
Event date: April 9, 2024 UTC
Solv Protocol
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Solv Protocol x GMX 🫐
We're thrilled to announce an incredible partnership with GMX, as we initiate a token swap, solidifying our long-lasting collaboration and fostering stronger ties within both our communities.
📌Recap on Solv & GMX's Partnership
1. Solv has established 6 trading strategy vaults on GMX, with a total TVL exceeding $100M.
2. Solv has generated over $5M in yields by providing liquidity on GMX, ensuring an unparalleled trading experience on GMX.
3. Solv GMX Vaults Highlights (Single Exposure + 10M TVL and above), as of April 8, 2024.
a. GMX V2 WBTC - 3rd highest 30-day APY across all chains: 5%
b. GMX V2 USDC - 6th highest 30-day APY across all chains: 25%
c. GMX V2 WETH - 3rd highest 30-day APY across all chains: 18%
4. A portion of SolvBTC's funds on Arbitrum will be used to invest in GMX's trading strategy vaults in the future, generating native yield for wBTC holders.
Backed by industry giants such as Binance Labs Fund, Laser Digital, Mirana Ventures, and Blockchain Capital, Solv has achieved a TVL of more than $250M, delivering high-quality yields to over 50K users.
Together with GMX, we're excited to unlock the full potential of BTCFi on Arbitrum!
Invest today!
https://app.solv.finance/solvbtc/detail/74
#SolvBTC
We're thrilled to announce an incredible partnership with GMX, as we initiate a token swap, solidifying our long-lasting collaboration and fostering stronger ties within both our communities.
📌Recap on Solv & GMX's Partnership
1. Solv has established 6 trading strategy vaults on GMX, with a total TVL exceeding $100M.
2. Solv has generated over $5M in yields by providing liquidity on GMX, ensuring an unparalleled trading experience on GMX.
3. Solv GMX Vaults Highlights (Single Exposure + 10M TVL and above), as of April 8, 2024.
a. GMX V2 WBTC - 3rd highest 30-day APY across all chains: 5%
b. GMX V2 USDC - 6th highest 30-day APY across all chains: 25%
c. GMX V2 WETH - 3rd highest 30-day APY across all chains: 18%
4. A portion of SolvBTC's funds on Arbitrum will be used to invest in GMX's trading strategy vaults in the future, generating native yield for wBTC holders.
Backed by industry giants such as Binance Labs Fund, Laser Digital, Mirana Ventures, and Blockchain Capital, Solv has achieved a TVL of more than $250M, delivering high-quality yields to over 50K users.
Together with GMX, we're excited to unlock the full potential of BTCFi on Arbitrum!
Invest today!
https://app.solv.finance/solvbtc/detail/74
#SolvBTC
The event is about to begin
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Added by
Alika
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