# Introducing Ghast Protocol

## <mark style="color:orange;">What is Ghast Protocol?</mark>

Ghast Protocol is an **enhanced yield-and-lending** protocol built on top of GMX's $GLP, GMD Protocol, and other existing large-cap applications within the Arbitrum ecosystem. By employing an enhanced version of GMD Protocol's Pseudo-Delta-Neutral strategy, we are a liquidation-free money-market strategies for yield-bearing tokens, allowing DeFi investors to access institution-grade yield optimization and unlock utmost capital efficiency.&#x20;

<figure><img src="https://171676188-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FEIunwtPJdBr4BWjOsAZf%2Fuploads%2Fo8pGeyKXvIc18Uk4uGbx%2Fblack%20with%20legs.png?alt=media&#x26;token=514fcdd6-9f1c-449c-8b13-18358c07fb4b" alt=""><figcaption></figcaption></figure>

## <mark style="color:orange;">Core Products of Ghast Protocol:</mark>

* Liquidation-Free Money Market that allows borrowing/lending gmdTOKENS to enable Leveraged Looping
* Safety Deposit to insure investors' lending liquidity positions
* $GHA and $esGHA Staking to earn [#realyield](../features/stake-usdgha-for-realyield) revenue
