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

Equity curve

GM TAO [WBTC-USDC]
BTC
ETH

Other metrics

3M Sharpe
1.7
3M volatility
20.6%
Age
1.9 years
Xerberus risk
74 / 100
Lockup period
Unknown
Denomination

Performance and fees

1M3M6M1YLifetime
Gross Gross -13.6% 40.3% 17.1% -14.1% 14.2%
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 -13.6% 40.3% 17.1% -14.1% 14.2%

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 WBTC 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: TAO/USD — the price market for which traders take long and short positions.
  • Long backing token: WBTC — 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#57#1084#175#152#516#173
Ranking on Arbitrum One#17#180#102#76#135#57
Ranking on GMX#13#95#103#84#70#56
CAGR (net)19.9%-13.6%40.3%17.1%-14.1%14.2%
CAGR (gross)19.9%-13.6%40.3%17.1%-14.1%14.2%
Returns (net)0.4%-1.2%10.8%8.1%-14.1%28.4%
Returns (gross)0.4%-1.2%10.8%8.1%-14.1%28.4%
Sharpe ratio----1.651.730.91-0.510.68
Max drawdown0.0%-1.8%-3.9%-11.7%-27.5%-27.6%

Technical Details

Pool nameGM TAO [WBTC-USDC]
Pool address0xe55e1a29985488a2c8846a91e925c2b7c6564db1
Chain Arbitrum One (42161)
Denomination Circle USDC (USDC)
Exchange rate used1 USDC = $1.0000
Share tokenGM
ProtocolGMX
HomepageView vault on protocol website
Current TVL670,308.345 USDC
Peak TVL1,944,217.718 USDC
Last share price1.28 USDC
Last updated
Last updated block512,525,360
Data refreshed at
Data starts2024-11-18 14:21:09 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