# Yield-Bearing Mechanism

### a. gmdUSDC: <a href="#f02e" id="f02e"></a>

* gmdUSDC is GMD protocol’s USDC vault on top of GLP receipt token, which appreciates at about 15–25% APY, as the vault accumulates more USDC.
* gmdUSDC is currently worth approximately 1.039 $USDC

<figure><img src="https://miro.medium.com/v2/resize:fit:611/0*jxWt8SebbCJ64FSY" alt=""><figcaption></figcaption></figure>

* Read more about GMD protocol at [https://gmdprotocol.com](https://gmdprotocol.com/)

### b. gDAI: <a href="#id-5914" id="id-5914"></a>

* gDAI is the receipt token for gTrade’s DAI vault. gDAI acts as the counterparty against traders on Gains and it accrues trading fees from the platform. Currently, gDAI is appreciating at about 15–25% APY.
* gDAI is currently worth approximately 1.034 $DAI.

<figure><img src="https://miro.medium.com/v2/resize:fit:700/0*XoBtu7lfWM_Rek22" alt=""><figcaption></figcaption></figure>

* Learn more about gDAI at <https://gains.trade/>


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