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Equity curve

GM SYRUP [WETH-USDC]
BTC
ETH

Other metrics

3M Sharpe
2.3
3M volatility
36.4%
Age
0.6 years
Maximum drawdown
-24.2%
Xerberus risk
74 / 100
Lockup period
Unknown
Denomination

Performance and fees

1M3M6M1YLifetime
Gross Gross 489.0% 114.5% 107.8% 29.3% 29.3%
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 489.0% 114.5% 107.8% 29.3% 29.3%

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: SYRUP/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------------------
Ranking on Arbitrum One#1#54#47#9#12#23
Ranking on GMX#1#51#46#7#7#23
CAGR (net)>9,999%489.0%114.5%107.8%29.3%29.3%
CAGR (gross)>9,999%489.0%114.5%107.8%29.3%29.3%
Returns (net)15.7%15.7%20.7%43.4%17.9%17.9%
Returns (gross)15.7%15.7%20.7%43.4%17.9%17.9%
Sharpe ratio7.223.492.262.230.890.89
Max drawdown0.0%0.0%-4.7%-7.3%-24.2%-24.2%

Technical Details

Pool nameGM SYRUP [WETH-USDC]
Pool address0x8965e821c7c8c09c6eb3cb9ccf7eb6f386441ea2
Chain Arbitrum One (42161)
Denomination Circle USDC (USDC)
Exchange rate used1 USDC = $1.0000
Share tokenGM
ProtocolGMX
HomepageView vault on protocol website
Current TVL36,484.521 USDC
Peak TVL634,653.404 USDC
Last share price1.203 USDC
Last updated
Last updated block501,657,682
Data refreshed at
Data starts2026-01-13 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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