The Risk-On Vault allows users to provide delta neutral GMX liquidity by depositing sGLP or USDC (which is converted into sGLP). The vault hedges ETH & BTC price exposure in GLP based on their target weights by systematically opening short positions on Aave + Uniswap.
Since GLP rewards its holders with both esGMX and ETH rewards, the Risk-On Vault is able to provide an extra boost in yield by auto-compounding ETH rewards into GLP & restaking earned esGMX & multiplier points.
- High risk Delta Neutral GLP vault
- Systematically opens short positions on Aave + Uniswap to neutralise ETH & BTC exposure
- Earns stable yield on GLP
- Extra boost in yield by auto-compounding ETH Rewards into GLP