GM Index

GMX Market Index (GMI) is an ERC-20 index token made up of GMX market tokens. Presently, the index includes gmBTC, gmETH, gmSOL, and gmUSDC-USDT, with the potential to add other assets in the future. The portfolio weights of these assets are algorithmically determined by Gloop's proprietary optimizer, to provide an optimal risk-return ratio. To maintain the index at its target weights, fees are adjusted in response to variations in the targeted pool weights.

Deposit and withdrawal fees serve to incentivize participation, reinforce the ecosystem, and provide a sustainable model for all stakeholders involved. Fees help enhance liquidity for the GM Looping/Lending platform, reward long-term GMI holders via an embedded reflection mechanism, and generate yield for GLOOP holders through the token's pairing with GMI in the LP.