GMX launches Dollar Vault for USDG liquidity

GMX launched the GMX Dollar Vault — a GLV vault listed as GLV [USDG-USDG] that lets users deposit the Paxos-issued USDG stablecoin and earn in dollars, with no crypto price exposure on the deposit. The vault spreads deposits across the GM liquidity pools behind GMX's deepest perp markets (BTC, ETH, SOL), holding a basket of GM pool tokens that rebalance automatically toward the best-performing pools; GMX says most USDG on Arbitrum now sits in those pools.

• Earns the majority share (63%) of trading, liquidation, and borrowing fees; base yield expected between 7% and 12% APR
• 8%+ launch boost for the first 8 weeks on up to $100M of program TVL, funded by Arbitrum's USDG program together with GMX
• No deposit fee and no lock-up; GM [USDG] pools for BTC, ETH, and SOL also went live for whitelisted large depositors with a 5% boost
• Arbitrum announced the same day it is joining the Global Dollar Network, bringing USDG to Arbitrum One