3xcalibur ⚔️ GMD Protocol
GMD Protocol is one of our genesis partner pools, and we have whitelisted $GMD, $gmdUSDC and $gmdETH and opened three gauges in exchange for GMD liquidity migration to 3xcaliSwap.
Greetings Insurgents!
We are excited and proud to announce our partnership with GMD Protocol.
What is GMD?
GMD Protocol is a yield optimizing and aggregating platform built on top of existing applications and GMD’s reserve token on Arbitrum. GMD employs delta-neutral or pseudo-delta-neutral strategies to aggregate yields from an index pool or an LP to its constituent individual assets, eliminating their risks of impermanent loss or exposure to unwanted assets.
Why are we partnering?
We chose to launch on Arbitrum as their layer 2 tech is some of the most cutting-edge rollups in the space. With Nitro launched Arbitrum offers the perfect opportunity for a new native DEX to help scale the ecosystem.
It is our aim to help other projects and protocols acquire deep liquidity for their token. We are excited to deploy our product and join the flourishing Arbitrum Ecosystem.
We are pleased to have joined hands with GMD and we will work to support them as they develop their protocol services. We will also be working to find any another synergies between 3xcalibur and GMD Protocol that we can work on together!
Find GMD pools here: https://app.3xcalibur.com/swap/liquidity/add
Partnership Details
GMD Protocol is one of our genesis partner pools, and we have whitelisted $GMD, $gmdUSDC and $gmdETH and opened three gauges in exchange for GMD liquidity migration to 3xcaliSwap.
3xcalibur Bribes & Voting
Our pools and gauge/bribing mechanics are perfect for incentivizing deep liquidity for project tokens.
We offer better incentives for LPs, which boosts liquidity for the token and volume follows. In this way, projects can then earn fees generated from the pool.
GMD Gauge Details:
Both of the below gauges will be open for Cycle 2, starting on Thursday, 17 November at 00:00 UTC.
Votes and bribes for this upcoming cycle will need to be placed before Thursday, 17 November 00:00 UTC
- vAMM-GMD/ETH
- sAMM-gmdUSDC/USDC
- sAMM-ETH/gmdETH
GMD Migrated Liquidity:
The GMD Protocol team has migrated the following:
- $100,000 of GMD - ETH liquidity
- $200,000 of GMD - gmdUSDC liquidity
- $100,000 of ETH - gmdETH liquidity
A total of $400,000 worth of liquidity.
XCAL veNFT:
We have allocated a veNFT with 40,000 XCAL locked for 3.69 years to GMD Protocol.
This veNFT grants GMD Protocol voting power to vote on their pools, direct XCAL emissions and receive fees from the pools they vote on.
GMD Bribes
- The 3xcalibur team will match any bribes made by the GMD protocol team on their pools for the first cycle starting Thursday, 17 November at 00:00 UTC and lasting 7 days.
Individual LP Migration
What you need to do as an individual LP
At the moment our migrate feature is in testing and will only be live next week as it conforms to different mechanics than regular DEX migrate features.
As a result, GMD LPs who wish to migrate to 3xcaliSwap will have to do so manually:
- Withdraw liquidity from non-3xcalibur DEX Pool
- Add liquidity to your pool of choice here https://app.3xcalibur.com/swap/liquidity/add
- Next you have to deposit AND stake
- Once you have done that you are good to go
- For a breakdown of how fees & rewards work: https://twitter.com/xen/status/1591577639927545857
Partnerships
If you are a project and interested in partnering with us, just complete this short form and we will contact you ASAP:
APPLICATION FORM: https://795pslvi454.typeform.com/to/J3oJVrmG
Need more info? Form not working?
If the form is closed use any of the following points of contact
Contact
Email: xen@3six9.io
Twitter: https://twitter.com/xen
Discord: 🗡禅🗡#0369
Telegram: @xen369
Semper Ad Meliora!
About GMD Protocol
GMD Protocol is a yield optimizing and aggregating platform built on top of existing applications and GMD’s reserve token on Arbitrum. GMD employs delta-neutral or pseudo-delta-neutral strategies to aggregate yields from an index pool or an LP to its constituent individual assets, eliminating their risks of impermanent loss or exposure to unwanted assets.
You can learn more about the project here: https://gmd-protocol.gitbook.io/gmd-protocol
🗡 ABOUT 3XCALIBUR
The 3xcalibur Protocol is a permissionless, liquidationless, oracleless liquidity marketplace, powered by Tri-AMM architecture to facilitate stableswaps, variable swaps and borrowing/lending.
The Tri-AMM architecture makes 3xcalibur a highly-capable and modular automated market maker.
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