GMX Dollar Vault surpasses $4.1 million in first day
GMX · Originally posted 2026.10.07 12:45 (UTC)- The GMX Dollar Vault launched on October 6, 2026, at 13:00 UTC.
- It attracted over $4.1 million in deposits within its first day.
- The vault allows deposits in USDG, a stablecoin issued by Paxos.
- There are no deposit fees or lock-up periods for users.
The GMX Dollar Vault launched on October 6, 2026, at 13:00 UTC, and within its first day, it accumulated over $4.1 million in deposits. This vault, identified as GLV [USDG-USDG], is GMX's inaugural stablecoin-only liquidity product.
Users can deposit USDG, a fully backed dollar stablecoin issued by Paxos, recently introduced on Arbitrum. Both the position and yield are denominated in dollars, eliminating any crypto price exposure on the liquidity deposit. Additionally, there are no deposit fees or lock-up periods required.
For more information, read the article here: https://x.com/GMX_IO/status/2107811051601318101
This post was rewritten by PerpDEX Hub from an official GMX announcement. The original takes precedence for dates and figures. Not investment advice.
