Justification for the size of the grant:

GMD’s reputation as a dedicated and innovative vault service provider within the GMX ecosystem justifies the need for a 100,000 $ARB grant. This funding is crucial to maintaining our competitive edge, especially after missing the last Arbitrum grant, which has placed us at a disadvantage. The grant will support GMD’s ongoing commitment to delivering unique and successful innovations that enhance the GMX platform.

In addition, we have a strong dedication towards Real-Yield generation, which would in turn create positive-sum yields for our users and the GMX ecosystem. Over the course of GMD’s existence, we have distributed more than 317 $WETH in real-yield revenue for our stakers.

Execution Strategy: We will utilize the grant to implement a novel GMX V2 Vault incentive program. By developing a contract atop the existing delta-neutral vaults, we can channel the grant into $ARB emissions for users who deposit their assets into the vaults. This strategic move aims to enhance the vaults’ attractiveness and sustain a competitive APR, drawing more liquidity providers and maintaining our leadership position in the market.