Liquidation-Free Money Market

We will allow users to use gmdTOKENS from GMD Protocol as collateral to borrow the corresponding assets. As users will receive gmdTOKENS as receipt tokens for their positions in the Delta-Neutral Vaults, our Money Markets will allow users to use gmdTOKENS as collateral to borrow 80% of the value in the corresponding asset. There will be Lending and Borrowing Markets for the following gmdTOKENS:

• $USDC and $gmdUSDC

• $ETH and $gmdETH

• $BTC and $gmdBTC

=> gmdTOKENS are 100% liquid and can always be withdrawn for the corresponding value from GMD Delta-Neutral Vaults

Supply Market:

• Depositing $USDC to earn yield and fees

• Depositing $ETH to earn yield and fees

• Depositng $BTC to earn yield and fees

Borrow Market

• Use $gmdUSDC as collateral to borrow $USDC

• Use $gmdETH as collateral to borrow $ETH

• Use $gmdBTC as collateral to borrow $BTC