# 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="https://3436074066-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4KfJtfPYze0OiiDBxN1M%2Fuploads%2FB9HHXgyUAyM5NEFMzAX3%2FColorful%20Watercolor%20Twitter%20Header.png?alt=media&#x26;token=f60f173a-43a3-409d-8e50-33114c2d66b4" 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 ](https://gmd-protocol.gitbook.io/gmd-protocol/protocol-roadmap/initial-roadmap)to learn more!


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