Gloop
Arbitrum One$GLOOP
Gloop is a decentralized lending and borrowing platform focused on yield-bearing assets, allowing users to borrow against these assets across multiple DeFi protocols. Gloop enables seamless integration with GMX on Arbitrum.
Sale Type
Fixed Price
Launch Partner
Cryptogrills
LP Lock
None
Raise Type
Public
Completed
Current Price
1.2
FDV
6.0M
Funds Raised
225K
Unique Wallets
150
17.4%
SOLD
Tokens sold
173.9K / 1.0M GLOOP
Hard cap18.8%
225K1.2M USDC
Sale Activity
No swaps occurred during this sale period.
About Project
Gloop Overview
Gloop allows users to borrow against yield-bearing assets, such as those on the GMX perps DEX on Arbitrum, and later other LSD/LRTs.
Highlights:
  • Grant recipient from GMX.
  • Core contributors include top 15 all-time P/L traders on GMX and the designer of the GLP logo.
  • With a meme-like token name, Gloop is well-positioned in the current market.
Current Key Features
Borrowing
Borrow against your favorite yield-bearing assets, especially GM tokens from gmx.io.
Lending
Lend USDC for passive yield.
GMI Token
Gloop has created a token index of yield-bearing assets offered by GMX. This token:
  • Earns fees from leveraged trades and swaps on GMX.
  • Is paired with $GLOOP, benefiting from trader activity.
Leaderboard
A point system with secret future use-cases has been introduced.
Audits
Gloop has undergone audits by:
  • Ottersec
  • Halborn
Audit reports are available at docs.gloop.finance.
Tokenomics
With no VCs and only a few early OG GMX community angel investors, Gloop is happy to open this round up to the community.
Token Allocation
Gloop Tokenomics
Resources
Sale Details
Fixed Price
Start Price Per Token
1.2 USDC
Min Raise(Soft Cap)
0 USDC
Max Raise(Hard Cap)
1.2M USDC
If the project doesn’t exceed its Min Raise Cap, all investors will automatically receive a full refund.
Sale Network:
Arbitrum One
Raise Type
public
Token Type
ERC-20
Learn more about sale types and financial data in our Fjord Docs
Public Sale Duration
The Public Sale may start earlier if the previous stages finish ahead of schedule. However, it will always end at the set final date and time.
Expected Start Date:
Nov 18, 2024, 5:00 AM UTC
Duration
7 days
End Date
Nov 25, 2024, 5:00 AM UTC
Launch Partner Review
Launch partners enhance Fjord project launches by reviewing projects to meet personal standards, setting parameters to protect all parties' interests (e.g., liquidity locks, token vesting, funding caps), and providing marketing support (if applicable). Always DYOR and verify info.
Launch Partner
Cryptogrills
I’m thrilled to support Gloop Finance as a curator. In a market filled with hype but often lacking substance, Gloop stands out by actually delivering utility to DeFi users. The team’s approach to leveraging GMX’s ecosystem with a unique value-driven pairing strategy isn’t just innovative—it’s transformative. Their dedication to building a sustainable and transparent platform that benefits both Gloop and GMX communities showcases the forward-thinking mentality we need in DeFi. Gloop's development team has shown adaptability and a deep understanding of user needs, tweaking their model to ensure it remains resilient in both bull and bear markets. The platform's mechanism of integrating perpetual liquidity, reflections, and auto-compounding GM pools highlights a commitment to creating long-term value. This is a team that doesn’t just ride the DeFi wave—they’re helping to shape it. Gloop’s current iteration shows a maturity and robustness uncommon for projects at this stage. If you’re looking to invest in a protocol that’s built to last, Gloop is worth a serious look. I encourage everyone to explore their docs and see what $GLOOP is all about. This isn’t just another DeFi token; it’s a growing ecosystem with a lot of potential. -Cryptogrills
Cryptogrills
Did project provide KYC to Launch Partner?
No
Post Sale Details
Token Vesting
No Token Vesting
LP Lock
Locks the sale’s liquidity after the sale to guarantee ongoing trading and prevent sudden withdrawals.
No LP Lock
Token Redemption
Redemption Opens
Mon 25, 2024, 5:00 AM UTC
Previous Investment Rounds
Review key information from prior fundraising rounds, including funds raised, valuations, TGE percentages, and vesting periods, to gain a clear financial snapshot of the project's journey. Please verify all information independently and do your own research (DYOR).
No Previous Investment Round Details
FAQ
Connect your wallet, review the sale details, then choose the token and amount you want to contribute. If approval is required, approve the spending limit first, then confirm the purchase in your wallet.
Sale tokens are normally claimed after the sale closes. If the project configured a claim delay or token vesting, the sale page will show the timing and claim options.