> For the complete documentation index, see [llms.txt](https://docs.plutus.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.plutus.fi/products/plvassets/plvglp.md). # plvGLP
## plvGLP is deprecated and is currently [migrating](https://plutus.fi/Migrate) to plvLOOP on Arbitrum. Following the compromise of GMX v1 products, GMX have paused the deposits and frozen the assets for withdrawal.\ \ Existing plvGLP and accrued rewards are migrated to plvLOOP on Arbitrum, which is GMX v2 based and plvGLP will be redeemable to plvLOOP on the Plutus dApp. ## ~~Minting, Redeeming, & General Vault Function~~ ~~Users can mint and redeem plvGLP as follows:~~ * ~~Users can deposit GLP for plvGLP at any time~~ * ~~No fees are incurred when depositing GLP for plvGLP~~ * ~~Users can redeem plvGLP for GLP at any time~~ * ~~When redeeming plvGLP for GLP there is a **2%** exit fee charged in GLP~~ * ~~Of the **2%** exit fee charged, **0.5%** goes back into the vault to be split amongst plvGLP stakers and **1.5%** goes to Plutus~~ * ~~The vault takes the ETH rewards and auto compounds the position, resulting in plvGLP constantly appreciating in value~~ * ~~This auto compounding function will be run through an off-chain bot that is run every 8 hours, as plvGLP TVL grows the auto compounding function will be run more~~ frequently * ~~plvGLP is permissionless so it may be built on top of by anybody~~ * ~~The GLP -> plvGLP minter/redeemer is permissioned~~ ## ~~Fees~~ ~~The fees associated with plvGLP are as follows:~~ * ~~Exit Fee: **2%**~~ * ~~This fee will be incurred when redeeming plvGLP for GLP~~ * ~~**1.5%** goes to Plutus, **0.5%** goes back into the vault and is split amongst plvGLP stakers~~ * ~~Vault Fee: **10%**~~ * ~~This fee is applied to the ETH rewards associated with GLP~~ * ~~Example: GLP is paying out 20% APR in ETH yield, users will receive 18% APR in ETH yield and the other 2% will go to Plutus~~ * ~~Partner Project Exit Fee: **Flexible**~~ * ~~In order to ensure that a wide array of products may be built on top of plvGLP we have the capability to reduce the plvGLP exit fee for specific contracts~~ * ~~This would allow applications of plvGLP that have a high turnover rate to be possible~~ ## ~~Emissions~~ ~~The plvGLP vault will be incentivized with PLS emissions as follows:~~ * ~~plvGLP will receive **15%** of PLS liquidity mining emissions~~ * ~~This amounts to **2,250,000 PLS** distributed to plvGLP over 2 years~~ * ~~In the first month there will be **123,750**~~ ~~**PLS** emitted to plvGLP stakers~~ * ~~The emissions will be weighted towards the early months. The first month will have the highest emissions and they will decrease every month after that - this is in line with how emissions work for plsASSETs as well.~~