Included in Panoptic's DeFi Options Landscape Report 2025 as one of six analyzed protocols in the onchain options market.

V2 introduces leverage without liquidations and targets Hyperliquid-level UI experience as core features.

V2 development reaches 15% completion milestone with innovation in AMM quoting to reduce adverse selection, 10x simpler architecture than V1, and completely virtual design for easy market spinning.

GammaSwap V2 addresses the challenge of determining expected return and risk in options contracts.

Yield tokens experienced losses in early November due to volatility with gETH taking the biggest loss on November 3rd and gUSDT losing approximately 2%, prompting the team to announce all yield tokens will be standardized to use a +-20% range model similar to gUSDT for improved capital efficiency.

Protocol shares 30% of fees with stakers since Day 1, with plans to increase the percentage as revenue grows.

WETH/USDT pool on Arbitrum offers 90% APY, composed of 73.74% real yield and 17.8% incentives.

Yield token upgrade now in active testing phase with capital efficient parameters and volatility-based range adjustments, showing positive results before public release.

Yield tokens upgrade approaching that will deliver better yields and improved efficiency.

Annualized 30-day performance for gUSDT now at 36%, with potential to exceed 50% if ETH rallies to midpoint range of $4,343.

gBTC on Arbitrum reports 11% Fee APY and 8.63% annualized return, growing from 0.988 BTC to 0.998 BTC between Sept 7 and Oct 22, with $30k TVL. Range adjustments planned to tighten parameters for better performance.

Current gUSDT APY at 23% following volatility decrease, with total TVL reaching $21M and continuing to grow.

Upcoming integration with Aerodrome protocol announced.

gUSDT yield currently at ~45% with annualized performance of ~25% as volatility decreases.

Active discussions underway for a collaboration with Pendle protocol.

gUSDT achieves ~30% annualized performance in its first month of operation on Arbitrum, with current yields at 80%+ during high market volatility.

gUSDT yield on Arbitrum increases to 150%+ APY with underlying pool liquidity growing to $10M, representing substantial growth from the previously reported 81% APY and $3M liquidity.

Protocol currently valued at $50M FDV with $22M in TVL, significantly lower than comparable protocol YieldBase which sits at $800M FDV with $31M TVL according to market comparison analysis.

Upcoming integration with Aerodrome slipstream announced.

Yield tokens are receiving a capital efficiency upgrade that aims to make the protocol the most efficient fee-to-TVL in the AMM DEX space, coming soon.

gUSDT0 yield jumps to 81.07% APY, representing a substantial increase from the previously reported 50% APY.

gUSDT on Arbitrum now offers close to 50% APY with $3M pool liquidity backing the yield.

Current gUSDT yield stands at 28% with APY at near all-time low levels, backed by Uniswap V3 pool with ~8m TVL.

Synthetic BTC yield increases to 15% APY, up from previous 13%.

New gBTC pool on Base offers 13% APY with $3M liquidity in cbBTC/ETH pair

New weETH/USDC pool launches with 61.9% APY and esGS rewards through active incentives campaign, featuring minimal price impact of -0.06% for 1 ETH deposits.

New automated IL hedging and single-sided liquidity features launch, marking first-to-market innovation in automated IL protection.

Integration with Aerodrome Finance enables yield token deployment across 300 assets.

WETH/USDC liquidity providers on Base can earn 20% APY plus additional incentives.

New yield-generating long/short positions without funding rates or liquidation risks launching after dynamic fees implementation, expanding beyond ETH/BTC to include altcoins.

Protocol achieves new TVL ATH, creating potential value gap due to delayed price response.

Protocol TVL surpasses $30M, marking 20% growth from previous milestone.

Upcoming launch of BTC, USDC, and PENDLE yield tokens, enabling yield arbitrage opportunities through collateralization.

First yield token gETH launches on Base network, offering delta-neutral ETH exposure.

WETH/WBTC pool on Arbitrum offers 86% APR with Uniswap V2-equivalent impermanent loss and 30-day vested esGS rewards.

New Arbitrum pools launch with 106-136% APR across major pairs, rewards primarily in 30-day vested esGS tokens.

Protocol TVL hits $25M milestone, showing continued growth momentum.

New WETH/USDC pool on Base offers 75% APY (8% real yield + 66% esGS) with auto-compounding features

TVL decreases to $2.83M while synthetic ETH yields drop to 15% APY, indicating significant protocol metric decline

gETH currently offers 20-50% APY yield opportunities when deposit cap is open.

Incentivized LP strategies offering 200-300% APR with impermanent loss risk exposure.

Protocol reaches $20M TVL milestone, indicating growing adoption.

gUSD token launch planned, indicating protocol expansion to stablecoin yields.

gETH token hits deposit cap again with 24-hour reset mechanism, indicating sustained demand.

Protocol implements Ethena-style basis trading for AMM yields across any token pair, starting with ETH implementation.

New yield token launches with 38% ETH yield, attracting Optimism co-founder's attention. Product features daily compounding and Base network deployment.

Live straddle position shows asymmetric returns during 50% ETH price surge, with potential 148% gains on equivalent downside movement.

ETH/USDC position demonstrates asymmetric returns with 122% upside vs 52% downside on equivalent price movements, showcasing enhanced risk-adjusted performance.

esGS tokens vest to GS in 30 days, enhancing staking module flexibility.

TVL approaches 20M with consistent ETH-denominated growth

New Yield Tokens product targets 20-25% sustainable ETH yields, launching this month.

Current GS/esGS staking module contains $2.3M locked tokens generating 18% APR, with additional ETH fees and multiplier points for longer staking periods.

WETH/USDC pool TVL doubles to 10M with 44% APY for full range positions.

Total Value Locked surpasses 17M across all protocol pools.

gETH product launch is in preparation phase with favorable market conditions.

New Yield Tokens feature expected to launch in coming weeks.

Protocol integrates with Aave on Base network, enabling delta-neutral strategies with 37.98% APY through combined lending and LP positions.

WETH/USDC pool TVL surges from 800k to 5M within 24 hours.

Protocol offers oracle-less perpetual options trading, now live on Arbitrum, Base, and Ethereum networks.

WETH/USDC pool on Base reaches 3M TVL with 103% APY

Protocol launches IL hedging solution for liquidity providers, enabling risk management across all token pairs.

New yield token gETH launches with 15-25% APR and 1M esGS incentives for WETH/USDC LPs, with gUSDC and gBTC in development.

Protocol expands yield token offerings with gETH launch and summer incentive program.

Genius Stablecoin Act expected to drive stablecoin market cap above $2T, positioning protocol as key liquidity provider for institutional fixed-yield trading.

New automated rebalancing system maintains constant ETH balance through pre-threshold adjustments, while implementing yield sharing between v2 and v3 LPs to ensure sustainable shorting capacity.

Perpetual options feature convex leverage scaling (4x at 20% price increase, 6x at 100%) with time-based liquidation only.

New three-component hedging strategy combines v3 concentrated liquidity farming, LP borrowing for IL shorts, and perp positions, currently requiring manual monitoring and rebalancing until full automation.

Yield token $GS enables 25% APY ETH/USDC farming on Aerodrome with IL protection

V2 development combines DEX and lending with 50x+ capital efficiency through concentrated liquidity.

New yield token mechanism eliminates borrow fees and enables single-token delta hedging with LP position collateralization.

Private mainnet testing begins with public launch imminent; yield tokens offer composable positions with $25 hedging cost per $1k exposure.

V2 launch will enable Uni V3 LP shorting capability; new Yield Token offering composable ETH/USDC exposure coming soon.

New volatility trading product launches offering BTC long exposure with dynamic leverage and downside protection.

New yield farming strategy offers 24.91% APY through ETH-USDC pool with 3% maximum drawdown risk.

New yield farming opportunity offers 28.62% APY on weETH/USDC pool with IL protection through balanced borrowing strategy.

Multiple LP pairs offer yields up to 105% APY on Base chain, with esGS rewards converting to GS at 19.33% APY.

ETH/USDC and weETH/USDC pools currently yield 40%, split between real yield and 30-day vested esGS tokens.

Imminent launch of automated IL hedge tokens attracts significant fund interest.

ETH/USDC liquidity pool launches with 12.2% APY; $1k positions can hedge IL for $25.

Straddle product borrow cost at 3.8% ahead of multiple high-impact economic events in May.

Co-founder reveals development of new yield tokens, adding to existing IL hedging and perpetual options infrastructure.

Community-created KAITO/WETH pool becomes third largest on Base deployment, showing strong organic adoption.

New simplified options trading interface launches with three basic strategies: Straddle for volatility, Long for upward movement, and Short for downward trends.

New yield tokens launching for concentrated liquidity positions, aiming to democratize access.

USDC/WETH pool on Base Chain maintains $1.91M liquidity with 25-60% APR for LPs and -5.73% borrowing costs for volatility positions.

weETH/USDC liquidity pool currently offers 51.99% total APY, split between 27.74% real yield and 24.25% vested token rewards.

High yield farming opportunities available with 96.87% APY on KAITO/WETH pair and 34-44% APY on ETH pairs.

Current straddle offering enables $548k position size on $10k deposit with 4.57% APR and 103-day liquidation protection.

Upcoming integration adds volatility trading and IL hedging capabilities on Sonic Labs platform.

Launching soon on Sonic Labs.

Project mentioned facing roadblocks but continuing development.

Team includes co-founders with athletic backgrounds: @0x_danr (Black belt in jiu jitsu), @iamrobmart (Former collegiate basketball player), @0xDeFiDevin (Former competitive powerlifter).

DeFi protocol focused on product development and user wealth generation.

Offering 300% staking APR on Base network for GS and esGS tokens.

Yield tokens launching soon, with geETH tweet on 15th mentioned.

Token $GS reported to be "absolutely sending". Team described as "good to bet on".

Successful launch in derivatives/options trading space. Described as "Ethena but for LPs". GS token still hard to buy with no listings.

Currently at $8M market cap, previously mentioned at $1.4M MC.

Developing features similar to Ethena for basis trading for LPing supported assets.

Mentioned as a new yield project being built focusing on concentrated liquidity.