Introduction to the Blueberry GLP Compounder 🫐

Simplifying the complex world of DeFi with better user-experience and higher yields.

What are the Blueberry GLP Vaults?

The Blueberry GLP Compounder is a portal into DeFi that uses automation and simplicity to increase your overall returns. The first product is for liquidity providers of GMX (on Arbitrum), who hold GLP.

GMX is a decentralized spot and perpetual exchange that distributes ETH rewards to people who deposit liquidity ("GLP" is the token given to liquidity providers). Liquidity providers may deposit USDC, ETH, WBTC, and other popular tokens.

How does using the Blueberry GLP Compounder increase my yields?

The Blueberry GLP Compounder increases your total yields by paying gas for you to automatically claim your ETH rewards (every day or so) and depositing it into more GLP. This gives you compounded returns without you needing to click "Claim" and "Buy GLP" each time.

Is it complicated to get started?

The Blueberry GLP Compounder aims to make DeFi more user-friendly and accessible. It provides a simple UI to growth strategies that may otherwise be too time-intensive or complex.

Are there fees to use the Blueberry GLP Compounder?

Unlike most other tools, the Blueberry GLP Compounder does not charge additional fees to use the product. You'll just need to pay gas fees to initially send your GLP, but there are no management or performance fees taken from your new, higher yields.

The Blueberry GLP Compounder pays the gas fees for you when doing the compounding process each time.

What are the risks of using the Blueberry GLP Compounder?

As with all of DeFi, you are strongly advised to do your own research because your money is always at risk.

The Blueberry GLP Compounder automates the ETH reward claiming process and increases your GLP position, so you are still exposed to all the risks found in participating in the GMX ecosystem.

Who's supporting the Blueberry GLP Compounder?

The Blueberry GLP Compounder is supported by the team at Seashell, who have backgrounds from Google, Coinbase, Robinhood, CertiK, and other DeFi protocols. Seashell is backed by Coinbase Ventures and many founders and funds of web3, including Polygon, Avalanche, and Solana.

Seashell believes that more user-friendly portals benefit both DeFi experts and web3 newbies alike. The Blueberry GLP Compounder automates your DeFi routines with a simple and intuitive experience.

How do I start growing my GLP yields faster?

Check out the next page for a simple step-by-step to get started.