GLP Compounder

GLP Compounder is the only 0% fee auto-compounding vault on Arbitrum

About $cGLP

Carbon Wrapped GLP (”$cGLP”) is a wrapped utility token that represents $GLP, the liquidity provider token of GMX, a perpetuals trading platform on Arbitrum.

$cGLP is an auto-compounding version of $GLP, which means that users can mint $cGLP by depositing $GLP into Carbon GLP Vault on Arbitrum, where the protocol compounds the $ETH and $esGMX rewards automatically. The amount of $cGLP remains fixed, but the cGLP/GLP exchange rate increases.

The introduction of $cGLP will grant Cosmos users access to the $GLP basket from Arbitrum.

Ensure that you have $GLP in your Metamask wallet. The following steps will guide you on:

Step 1: Acquire $GLPStep 2: Deposit $GLP / Withdraw $cGLPStep 3: Deposit $cGLP onto Demex (Carbon chain)