The Risk-On Vault allows users to provide delta neutral GMX liquidity by depositing GLP or USDC. The vault hedges ETH & BTC price exposure in GLP based on their current weights and also partially hedges Trader OI 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. 

The Risk-On returns are calculated by taking GLP Yield Share + Trader PnL - Hedge Costs.

Overview

Mechanism

Rage Trade

Operations

Risk-On Vault

Risk-Off Vault

Risk-On & Risk-Off Vault

Protocol Parameters

Smart Contracts

Audit Reports + Insurance

Delta Neutral Vault

ETH Perp

80-20 Vaults

Omnichain Liquidity

Trade Terminology 

Vaults Terminology 

Deposit + Withdraw

Open/Close Long Position

Open/Close Short Position

Earn Yield

Margining

PnL Math

Funding Rates

Oracles

Liquidation and Fees

Payoff

Protocols and Chains

80-20 Vault Analysis

Curve Tri-Crypto

Actions

Vault Parameters

Subgraph

Liquidation Bot

Price Arbitrage Bot

Audit Reports + Bounty

Recycled Liquidity + ETH Perp

Terms and Conditions

Privacy Policy

Brand Assets 

Join Discord

Overview

What is the Risk-On Vault?

What are the features?