We have started the Trading Strategy podcast. Listen to us on YouTube and Spotify.

Equity curve

GM ENA [WETH-USDC]
BTC
ETH

Other metrics

3M Sharpe
2.3
3M volatility
43.9%
Age
1.7 years
Xerberus risk
74 / 100
Lockup period
Unknown
Denomination

Performance and fees

1M3M6M1YLifetime
Gross Gross 15.9% 147.2% 63.1% -1.2% 12.8%
Performance fee Performance 0.0%0.0%0.0%0.0%0.0%
Management fee Management 0.0%0.0%0.0%0.0%0.0%
Deposit fee Deposit 0.0%0.0%0.0%0.0%0.0%
Withdrawal fee Withdrawal 0.0%0.0%0.0%0.0%0.0%
Net Net 15.9% 147.2% 63.1% -1.2% 12.8%

Internalised fees are reflected in the share price. One-time deposit and withdrawal fees may still affect net returns.

About the pool

Liquidity providers supply WETH and USDC to provide liquidity for GMX perpetual trading and swaps. They earn a share of trading, borrowing, liquidation and swap fees, and benefit when traders make net losses. They bear net trader profits and changes in the value of the backing tokens.

  • Index market: ENA/USD — the price market for which traders take long and short positions.
  • Long backing token: WETH — backs and settles profitable long positions.
  • Short backing token: USDC — backs and settles profitable short positions.

Running on GMX protocol

This pool is running on GMX:

GMX is a decentralised perpetual and spot exchange whose GM and GLV pools let liquidity providers supply market liquidity and receive a share of protocol fees.

View all GMX pools
Xerberus logo

Xerberus risk rating

View more View less

Notes

The vault performance approximates the single-sided USDC deposit value. GMX vaults hold exposure to all underlying tokens they market make

Returns and period details

MetricWeekMonth3 months6 monthsYearLifetime
Ranking overall#1066#196#90#41#453#185
Ranking on Arbitrum One#137#79#36#16#85#58
Ranking on GMX#44#81#39#18#23#57
CAGR (net)-64.2%15.9%147.2%63.1%-1.2%12.8%
CAGR (gross)-64.2%15.9%147.2%63.1%-1.2%12.8%
Returns (net)-2.1%1.3%29.8%27.6%-1.2%22.2%
Returns (gross)-2.1%1.3%29.8%27.6%-1.2%22.2%
Sharpe ratio---0.972.261.530.130.51
Max drawdown-4.4%-4.4%-4.4%-12.5%-31.4%-31.6%

Technical Details

Pool nameGM ENA [WETH-USDC]
Pool address0x9f159014cc218e942e9e9481742fe5bfa9ac5a2c
Chain Arbitrum One (42161)
Denomination Circle USDC (USDC)
Exchange rate used1 USDC = $1.0000
Share tokenGM
ProtocolGMX
HomepageView vault on protocol website
Current TVL174,357.03 USDC
Peak TVL6,253,403.052 USDC
Last share price1.236 USDC
Last updated
Last updated block508,781,396
Data refreshed at
Data starts2025-01-23 15:49:00 UTC
Fee modeFeeless
Fees internalisedYes
Featuresamm_pool_like, gmx_gm, share_price_equivalence
Strategy tags---
Flagsliquidity_provision, market_making
Whitelist statusPermissionless
Deposit statusOpen
Redemption statusOpen

Stay ahead with the best new vaults and essential DeFi updates.

Subscribe to Trading Strategy newsletter