On December 1st, 【Block Rhythm】, the decentralized perpetual futures platform Grvt made a big move - their Liquidity Provider Strategy (GLP) has reopened. How popular is this thing? Less than a week after its launch, the first round of $5 million quota was snatched up.
This time, Grvt has directly expanded the liquidity pool by 2.5 million USD, bringing the total to 7.5 million. However, there is a change; they have set investment thresholds based on users' historical trading volumes, probably to take care of old users and also to prevent opportunists from rushing in. From this situation, the demand for liquidity in the DeFi market is indeed strong.
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SmartContractRebel
· 14h ago
Wow, 5 million gone in a week? How crazy is that, the profit seekers are probably crying again, haha.
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StakeOrRegret
· 14h ago
Wow, five million disappeared in a week, the hype around GLP is a bit outrageous.
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HackerWhoCares
· 14h ago
Wow, 5 million was emptied out in a week, this hype is indeed extraordinary, GLP is stable this time.
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BuyHighSellLow
· 14h ago
5 million in a week sold out? This popularity is a bit ridiculous, but setting a threshold is still a smart move, at least it can keep those opportunists at bay.
Grvt liquidity strategy shorted 5 million USD in less than a week, and after expansion, the total amount reached 7.5 million.
On December 1st, 【Block Rhythm】, the decentralized perpetual futures platform Grvt made a big move - their Liquidity Provider Strategy (GLP) has reopened. How popular is this thing? Less than a week after its launch, the first round of $5 million quota was snatched up.
This time, Grvt has directly expanded the liquidity pool by 2.5 million USD, bringing the total to 7.5 million. However, there is a change; they have set investment thresholds based on users' historical trading volumes, probably to take care of old users and also to prevent opportunists from rushing in. From this situation, the demand for liquidity in the DeFi market is indeed strong.