> 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-delta-neutral-strategy/delta-neutral-ratio.md).

# Delta-Neutral Ratio

## Pseudo-Delta-Neutral Ratio

Utilizing Pseudo-Delta-Neutral Ratio means the deposited single-stake assets (USDC, ETH, or BTC) will be allocated and adjusted to the exact same weight as GLP’s composition for USDC, ETH, and BTC.

\=> These 3 assets (USDC, ETH, and BTC) will be used to mint $GLP and earn yields from $GLP yields. 

## Satisfying Pseudo-Delta-Neutrality

For instance, excluding the value of smaller assets (Link, Uni...), GLP consists of about 50% stables, 33% ETH, and 17% BTC. 

\=> In that case, a vault of $1,000,000 in asset value will consist precisely of $500,000 USDC, $330,000 worth of ETH, and $170,000 worth of BTC. 

\=> This would satisfy our **pseudo-delta-neutral ratio.**