Demex, a cross-chain DEX in the Cosmos ecosystem, intergated with Arbitrum and launched cGLP, a vault to auto-compound all native ETH yield earned by $GLP. The project will also launch a cGLP lending and borrowing pool soon.
Demex is built on Carbon, a Cosmos SDK Chain aiming to bridge Cosmos and Ethereum ecosystems, allowing for cross-chain money markets and permissionless listing of tokens from IBC, EVM and non-EVM chains.
The real yield provided by $GLP has attracted a number of protocols to build yield generating vaults on top it, famous names including GMD, Rage Trade, and JonesDAO. Demex will be the first Cosmos project to tap the yield from $GLP, making its yield accessible to Cosmos users.