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Lenster PollsLenster Pollsby0x81aD96a4bAdE55b3Bfb1Ea84A597FCC6e5e3BEc10x81aD…BEc1

Poll by @cazubelli.lens

Voting ended over 2 years agoSucceeded

Hello frens Here is a good way to hegde yourself against volatility :

  • According to the Crypto Volatility Index, the volatility of the market is reaching a ATL (https://cvi.finance/)

  • The fees generated by GMX are insanely low with a prediction APR for next 'week' of 5,77% (https://stats.gmx.io/arbitrum)

  • Pendle's YT_GLP is reaching a ATL, at 7,99% The delta between YT_GLP and PT_GLP have never been that narrow (https://app.pendle.finance/trade/markets/0x7d49e5adc0eaad9c027857767638613253ef125f/swap?view=yt&chain=arbitrum)

I think that buying YT_GLP is a win-win solution :

GMX traders are still 78% long, if the market dump, fees will go up by buying GLP, you're a bit exposed to the market in case of a pump in both case (pump or dump), GLP yield should increase and you can win decent % by leveraging your GLP

This flat market is waiting for a new, or idk anything else, to react ==> volatility never stays low for a long time

The only one case you can lose, is that GMX is hacked or any bad new around it

But tbh, R/R is high That is why I'm actually Long on GLP yield

Agree ?

Off-Chain Vote

Yes
11 VOTE36.7%
No
15 VOTE50%
More alpha please
4 VOTE13.3%
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Timeline

Sep 05, 2023Proposal created
Sep 05, 2023Proposal vote started
Sep 06, 2023Proposal vote ended
Oct 26, 2023Proposal updated