GLP (GMX)
Last updated
Last updated
To pay CoinSense using GLP you need to stake required assets into the vault and send a screenshot to including the wallet address you used to stake your assets. How to do that?
If you don't have enough DAI or USDC on Arbitrum you need to bridge them. The easiest way to do that is to send assets from CEX right to Atrbitrum on your wallet address.
Secondary option is to use bridge and bridge your assets to Arbitrum. From bridges we can recommend .
GLP is the liquidity provider token for V1. Liquidity providers earn fees from leverage trading, borrowing fees and swaps. You can buy GLP using almost any blue-chip asset (ETH, USDT, USDT, DAI, LINK,...) in appropriate amount.
Gas fees on Arbitrum should be super low so whole operation should cost less than dolar (if the network is not under pressure).
And that's it! Your CoinSense subscription is extended 🤝
Go to Discord and send a message to with the screenshot of deposited assets and transaction ID or the address of wallet you used to stake assets. Then wait until nanobot extend or give you a subscription 🫡
To send incentives to CoinSense simply deduct current value you have in vault with the deposit value. For example you deposited before $10 000 and got 8500 GLP tokens. The GLP price slowly grows so in three months you'll have still 8500 but valued over $10 000. In that case the yield is the value of GLP above your initial deposit. For example if you deposited $10 000 and in three months your GLP value is $10 090 then the yield is $90. You don't need to care if it's more or less compared to what you would to CoinSense - that's our risk and we understand that sometimes those incentives will be lower and sometimes higher than standard payment.
Simply go to appropriate and sell the right amount of GLP to get your base value in the vault. Then withdraw only the amount of incentives described above and send it to CoinSense wallet: 0x3e60f75271f8b4c04bd35d017b9e22035e727122
