Bi-Weekly Recap — Nov. 14th to Nov. 28th
In the past couple weeks, the GMX coverage pool has been live for deposit. As usual, biweekly report comes again with progress shown in two categories:
- Marketing and business growth.
- Product development.
Marketing and business growth
In the past week, GMX’s coverage pool was set up for deposit. Deposits will start to earn yield with USDC and TIDAL next week.
Reserve is currently earning around 21% APR with 11.8% APR USDC earning and 8.2% APR TIDAL earning. The current activated plans include a total coverage of 0.65 million.
- GMX coverage pool is open for deposit
- Completed weekly incentives for USDC reserve pool.