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Dec 20 2022


12:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Dec 20 2022
  • Time: 7:00 am



GMS Protocol Launch

Launch of a yield aggregator/staking protocol on Arbitrum.

  • Launch Schedule
    • December 20, 12pm UTC – $GMS minting and GMX-GLP vaults launches
    • December 22, 12pm UTC – $GMS staking opens
  • Mechanics & Features
    • GMS Protocol provides pseudo-delta-neutral strategies and smart vaults built on top of GMX
    • Single stake USDC, ETH or BTC in the vaults to earn 10-30% APY aggregated yields from $GLP ($GLP is the native GMX token and consists of an index of assets)
    • Staked assets is used to mint $GLP on GMX to provide $GLP yields
    • Users will receive gmsTokens (e.g. gmsUSDC, gmsETH) as receipt tokens for staked positions, and gmsTokens appreciates in value against the underlying assets at the APY rate
    • Users can buy/sell their gmsTokens in exchange for the underlying tokens to enter/exit their positions when stake/unstake is disabled
    • There is a 0.25- 0.5% deposit fee (for minting/redeeming GLP on GMX)
    • Deposits on vaults are capped at a total of $1,000,000 — $500,000 for USDC vaults, $500,000 for ETH + BTC vaults
    • $GMS is the native utility and governance token
    • $GMS is minted on the dApp and will be vested over 5 days; new mints will reset the vesting period
    • Stake $GMS to earn a share of platform fees generated from the vaults and reserve; unstaking will be enabled for 48 hours at the beginning of every month
    • Users can also earn a share of swap fees by providing liquidity for GMS (e.g. GMS/USDC) or gmsTokens (e.g. gmsUSDC/ USDC) 
  • Tokenomics
    • Token symbol: GMS
    • Total supply: 800,000
      • 17,000 — Locked as $esGMS (for OTC swap for partnership tokens/ long-term investors through several rounds of funding)
      • 9,000 — Liquidity
      • 53,000 — Community
      • ❌ No information how the remaining supply is allocated
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