> For the complete documentation index, see [llms.txt](https://gmd-protocol.gitbook.io/gmd-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://gmd-protocol.gitbook.io/gmd-protocol/gmd-protocol-overview/gmd-protocol.md).

# GMD Protocol

## **What is GMD Protocol?**

**GMD Protocol** is a yield optimizing and aggregating platform built on top of existing applications and GMD’s reserve token on Arbitrum. GMD employs delta-neutral or pseudo-delta-neutral strategies to aggregate yields from an index pool or an LP to its constituent individual assets, eliminating their risks of impermanent loss or exposure to unwanted assets.

<figure><img src="/files/CNnUGesmGkZaX4jBpalv" alt=""><figcaption></figcaption></figure>

## GMD Protocol's Main Products:

* GMD’s first products are single-stake BTC, ETH, USDC vaults built on top of GMX and GLP.&#x20;
* GMD’s reserve will earn yield from underlying backing $GLP and all revenue from single-stake vaults.
* In the future, besides yield-earning vaults, GMD also aims to leverage derivative platforms through smart vaults (long, short, news trading, social, etc..) and arbitrage pegged assets. Check out our [Roadmap ](/gmd-protocol/protocol-roadmap/initial-roadmap.md)to learn more!