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Equity curve

GM MORPHO [WETH-USDC]
BTC
ETH

Other metrics

3M Sharpe
1.9
3M volatility
42.0%
Age
1.0 years
Maximum drawdown
-33.7%
Xerberus risk
74 / 100
Lockup period
Unknown
Denomination

Performance and fees

1M3M6M1YLifetime
Gross Gross 783.3% 107.5% 30.0% -17.5% -16.8%
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 783.3% 107.5% 30.0% -17.5% -16.8%

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: MORPHO/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

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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#82#90#103#118#1172#1239
Ranking on Arbitrum One#53#37#52#61#198#230
Ranking on GMX#63#35#50#59#87#111
CAGR (net)119.9%783.3%107.5%30.0%-17.5%-16.8%
CAGR (gross)119.9%783.3%107.5%30.0%-17.5%-16.8%
Returns (net)1.5%19.6%19.7%13.8%-17.5%-17.1%
Returns (gross)1.5%19.6%19.7%13.8%-17.5%-17.1%
Sharpe ratio4.563.381.920.96-0.47-0.44
Max drawdown-1.1%-1.9%-3.3%-12.9%-33.7%-33.7%

Technical Details

Pool nameGM MORPHO [WETH-USDC]
Pool address0x4de268ac68477f794c3eac5a419cbcffc2cd5e02
Chain Arbitrum One (42161)
Denomination Circle USDC (USDC)
Exchange rate used1 USDC = $1.0000
Share tokenGM
ProtocolGMX
HomepageView vault on protocol website
Current TVL91,924.59 USDC
Peak TVL776,577.818 USDC
Last share price0.827 USDC
Last updated
Last updated block504,032,578
Data refreshed at
Data starts2025-09-04 00:00:00 UTC
Fee modeFeeless
Fees internalisedYes
Featuresamm_pool_like, gmx_gm, share_price_equivalence
Flagsliquidity_provision, market_making
Whitelist statusPermissionless
Deposit statusOpen
Redemption statusOpen

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