Quorum not reached

GMX->GLP Reward Farming for Backing


ID 236009...8578

ID 236009...8578

Proposed on: Jan 16th, 2023

Proposed on: Jan 16th, 2023

Votes

Proposal

Hey Degens, We have around 840Avax in Backing (~+120 from Investing Fundmove), Let's Take 400 Avax, swap to GLP and put it on Beefy Autocombounder to Earn Juicy Rewards from the GMX plattform. We are talking about 60% Apy, tbh let's say 25-30% is average, still fine.

WTF why 400Avax? Well, the Backing Fee's is increased from 2 to 4%, this proposal will take easily 2weeks+, in my Opinion it is Low Risk + Free Money + not much work

In future we may be able to build our own Vault, Beefy taking fee's but the apy is increased, i personally using beefy since early 21' and never had any issue's.

Votes
Status