Nitro Cartel

@nitrocartel

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18 Followers

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Say hello to GMLP! One click access to 20% APR providing liquidity on GMX v2. Diversified exposure to BTC, ETH, LINK, ARB, SOL. $700,000 TVL now. We are just getting started! Mint GMLP at https://nitrocartel.finance/gmlp Swap at Trader Joe https://traderjoexyz.com/arbitrum/trade

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Join the Nitro Cartel community today to learn more about GMLP and upcoming improvements to TROVE Protocol and U Protocol! https://discord.gg/bkpBfJhaUZ

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Wen? GMLP will be launched via the TROVE Protocol in Q4. The Cartel will be focused on partnerships and integrations of the GMLP token. Autocompounded yield. Omnichain integrations. Ideal exposure to GMX V2. The possibilities are endless 💪

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GMLP serves as a one-click way to purchase an index of all GM pools. Rewards on these pools are all automatically compounded for holders. ✅ Easy multi-pool exposure ✅ Autocompounded rewards GMLP offers massive improvements over vanilla exposure to GMX V2 pools.

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Participating in a wide range of asset pools via GM pools isn’t as seamless as one-click buying GLP. Users must purchase GM pool assets individually and decide how they want to allocate across different trading pairs. So how does GMLP improve on this experience?

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GMX introduced their V2 platform with GM pools. These pools are more similar to standard LPs across DeFi than GLP which was introduced in GMX V1. This shift serves to enhance capital efficiency, optionality and risk management for GMX across all V2 markets.

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The Cartel has been working on a new asset that directly enhances what’s possible with GMX V2. Enter GMLP. So what is GMLP? How does it work with the @GMX_IO V2 platform? Let’s jump in 👇

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Nitro Cartel Chronicle: August Recap Did you miss something? We got you covered! https://medium.com/@nitrocartel/nitro-chronicles-august-recap-7bb3101ea752

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We are also working on Aura Finance strategies. This includes tokenizing their yield-bearing strategies, making them available cross-chain, and supporting their use as collateral on U Protocol.

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As GMX successfully delivered its anticipated v2 upgrade, we are working on launching GMLP, a natural successor to GLP. It’s designed to give users easy access to a basket of GM tokens with autocompounding yields and DEX liquidity.

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To gear up for this, we will partner with leading multi chain DEXs. To begin, we have partnered with Velodrome Finance and Aerodrome Finance, securing veVELO voting power and the upcoming veAERO airdrop to spearhead initiatives in the Optimism and Base ecosystem.

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With rapid expansion of Ethereum L2s, our expansion to multiple chains is a sensible step. We're going big with omnichain integration. This move allows us to be a part of the broader DeFi community. Expect TROVE token upgrade to OFT standard, listings on Omnichain Bridges, introduction of omnichain indices, and more.

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The inception of Arbitrove Protocol was about bringing top tier Arbitrum assets closer to you. ALP is now the Arbitrum blue-chip index leading in TVL, liquidity, and awareness.

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This isn't just a rebranding. It’s our evolution, our learnings, and our promise for what's coming. Our new logo? A nod to our origins and the journey ahead.

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We're thrilled to unveil Arbitrove v2 — with our renaming to Trove Protocol, omnichain expansion, introduction of GMLP and Aura Strategies. medium.com/@nitrocartel/arbit…

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