📣 JonesDAO Partners with GMX for enhanced strategies & mutual treasury management via GLP & Jones Vaults
JonesDAO is excited to announce its officially partnering with Arbitrum-native perpetuals exchange GMX to enhance the hedging strategies utilized by Jones Vaults and to become a mutual treasury partner for GMX.
JonesDAO will become a treasury management partner for GMX, generating yield via reliable, actively managed and sufficiently hedged options strategies deployed on $100,000 of GMX treasury funds. JonesDAO is joining GMX in unlocking the next era of DeFi2.0 by fostering partnerships across the Arbitrum ecosystem.
JonesDAO will additionally commit to inaugurating its treasury fund with a $100,000 deposit into GMX protocol’s GLP token, a yield-bearing cryptoasset index. Moving forward, subject to demand on the treasury reserves, JonesDAO will look to deploy a consistent amount of treasury assets into GLP. This good-will mutual relationship will bolster the Arbitrum ecosystem, premiering GLP as our preferred, treasury-grade asset, and showcasing JonesDAO as the leading options strategy manager.
GMX expands the types of hedging strategies available to JonesDAO, enable Jones Vaults to deploy a small funds across perps, also unlocking the possibility of completely delta-neutral Jones Vaults in the future.
JonesDAO’s recent partnerships to enhance the Jones platform and provide treasury management services to DAOs, are the first of many more to come. JonesDAO, with the help of pioneering partners like GMX, want to cement Arbitrum as the go-to space for the DeFi2.0 frontier.
With the platform and token launching soon, users will be able to access the best yields with actively managed, fully optimized, and hedged options strategies - all in 1 click. JonesDAO also unlocks liquidity and capital efficiency for DeFi options–read more about our protocol here.