GMX Dollar Vault LPs can borrow USDG against GLV on Morpho

LPs in GMX's Dollar Vault (GLV) on Arbitrum can now use their GLV [USDG-USDG] positions as collateral on Morpho to borrow USDG while continuing to earn GMX trading fees, the official Arbitrum account announced via the DRIP program's opportunities page.

• Gauntlet has also added the market to its Gauntlet USDG Premium vault, extending the lending loop around USDG on Arbitrum One
• The integration ties together existing USDG rails on Arbitrum, where Morpho vaults and GMX's GM pools have driven rapid growth in USDG deposits The move adds another yield-and-borrow use case to Arbitrum's USDG push. No details on borrowing rates, collateral factors or rewards were shared in the announcement.