cGLP on Demex: Good Investment?

$GLP. It just sits there. Kinda. (It is staked on @GMX_IO auto(magic)ally when you buy it).

Can it be used elsewhere?

This article's impetus was from a question from Wankidd| Ƭ∣ƬΛП @wankidd on the twitterz.

Definitely not for @avalancheavax @GMX_IO $GLP.

There's an option to supply and borrow @arbitrum  $GLP as compound $GLP ($cGLP) on @demexchange, but this is fraught: 

1. the APY is in $SWTH, NOT $ETH

2. the APY is ~25% on @demexchange but 52% on @arbitrum 

3. LTV is only 50%

These three factors weigh heavily FOR me keeping $GLP staked with @GMX_IO, as looping at only 50% LTV with such a high borrow rate makes beating $GLP yield payout ...

... IN $ETH!!!

really hard to consider leaving.

$SWTH may have interesting tokenomics, but $ETH has longevity.

That doesn't mean I won't consider supplying $cGLP on @demexchange. They really must:

1. up APR and APY on the supply-side
2. up LTV, by a lot (for all their tokens, not just $cGLP)
3. add partial APY in $ETH.

Until then $cGLP is savagely disadvantaged to $GLP on @GMX_IO

The problem with my armchair quarterbacking, however, is that aggressive lending rates that facilitate looping seems not to be their game-plan.

Maybe it should be? It should be, for me, but what's best for my investment approach seems not to be in line with @demexchange vision.

P.L. (postlude)

There are ways to employ $GLP on Avalanche.

There's this tweet by @harry_avax.

so, study that.

My concern here is, sure, 250% APY, but in what?

If it's $AVAX, then it is beating my APYs (with multiplier), but if not, then they're stealing the $AVAX return to give you something not-$AVAX.

P.P.L. (post-postlude)

Fishmarketacademy @FishMarketAcad on the twitterz raises this counter-argument, with a link to the article he's written about $cGLP.

Only one way to resolve this: CONTEST.