How to Get cGLP
As easy as 1-2-3.
Last updated
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As easy as 1-2-3.
Last updated
Was this helpful?
Ensure that you have $GLP in your Metamask wallet. To acquire $GLP, click on “Buy on Arbitrum” on GMX.
Input the amount of $GLP you would like to buy and click on “Buy GLP”
You have successfully purchased $GLP tokens!
Go to the GLP Compounder page on Demex.
Alternative: Go to app.dem.exchange and under “Earn”, click on “GLP Compounder”
Click on 'Connect Metamask'.
Approve the connection to the Arbitrum network
Under “Deposit”, add the amount of $GLP tokens you want to deposit then click “Deposit”.
A popup will show after the transaction is successful
Congratulations! You’ve successfully wrapped $GLP to $cGLP.
Connect your wallet to Demex.
Go to your "Wallet Balance" and locate the $cGLP asset to deposit.
Click "Deposit" on the right-hand side of the chosen asset. You will be depositing cGLP into Demex on the Carbon network.
Select "Arb-ERC20" as the Source Network then click "Connect Metamask".
Input the amount of tokens you wish to deposit and click on "Deposit".
Confirm and approve the transaction on the Metamask pop-up.
Once your tokens have been deposited, the transaction status should state "Success".
Congratulations! You have successfully deposited your cGLP assets onto Demex (Carbon chain).
You can now deposit cGLP into Nitron here to borrow other assets against your cGLP collateral and use those assets to participate in other DeFi activities while your cGLP grows in value!
