What is Rage's Delta Neutral GLP Vault?
Rage is turning $GLP into a fully delta neutral position. We do this by hedging:
- ETH, BTC exposure in GLP
- Trader Open Interest (PnL) on GMX
What is the Risk Off and Risk On Vault?
Risk On: This is our delta neutral GLP position. It borrows USDC from the Risk Off Vault to hedge the delta and trader exposure in GLP. The target yield is between 10-20% APY.
Risk Off: This vault lends USDC to the Risk On Vault. It profits from a share of the yield generated on GLP and lending yield on Aave. The target is between 6-8%.
Updated 28 Mar 2023
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