Grvt GLP strategy reopens, with funding cap increased to $7.5 million.
AI Summary1 min read
TL;DR
Grvt has reopened its GLP strategy, increasing the funding cap from $5 million to $7.5 million based on user trading volume to meet market demand.
Tags
GRVTGrvtGLP strategydecentralized tradingfunding capperpetual contracts
Mars Finance reports that on December 1st, the decentralized perpetual contract trading platform Grvt announced the reopening of its Liquidity Provider (GLP) strategy. This strategy reached its initial $5 million cap in less than a week. The funding cap for this round of the GLP strategy has been increased by $2.5 million, bringing the total to $7.5 million. Grvt stated that this new investment limit is based on users' historical cumulative trading volume, implemented to meet market demand.