GMX Launches USDG Dollar Vault on Arbitrum With 8% Boost
- —Deposits into GLV [USDG-USDG] earn a share of trading fees from BTC, ETH and SOL
- —The vault offers an 8% launch boost for the first eight weeks
- —The product runs on Arbitrum and targets liquidity providers
Why it matters: The launch deepens liquidity for GMX on Arbitrum and gives USDG holders a new DeFi yield source.
Source: Coinfomania