The Beefy GLP vault on Arbitrum auto-compounds the rewards from GLP, the GMX liquidity-provider token, whose value tracks a basket of crypto assets that backs GMX's perpetuals exchange. Holders earn trading fees and incentives, reinvested automatically. mooGLP scores 63/100 (Tier 4) on the RWTS Trust Score: the yield is high and the vault mechanics are proven, but GLP exposes holders to the price of the underlying basket and to traders' profit and loss on GMX, on top of Beefy and GMX smart-contract risk. This is a market-exposed yield, not a stable-value position.
- Issuer / protocol
- Beefy Finance
- Backing
- GLP (GMX liquidity provider token)
- Redemption / lock-up
- None (flexible withdrawal)
- Audit & proof of reserves
- Independently audited
- Availability
- Global
- Chain
- Arbitrum
- Tier
- Tier 4 — Synthetic & Structured
Scored on the published RWTS methodology (v1.1), reviewed quarterly and on material events. Ratings are independent and never pay-influenced.
Calculations are indicative. Actual yields may vary.
Price data from CoinGecko. Not financial advice.
Current yield of 14.50% sits at 45% of the observed range. There may be room for rates to improve.
Projections assume constant APY of 14.50%. Actual returns may vary. Not financial advice.
Beyond mooGLP's own score, two structural questions matter: what is it built on, and what has broken before in this part of the market. A high score in isolation can still carry hidden, shared exposure.
What this and similar assets are built on, and where contagion could spread.
The depegs, defaults, and exploits that inform the Track Record dimension.
Liquidity read: TVL of $118.00M indicates healthy on-chain liquidity. Lock-up: None (flexible withdrawal).
Is mooGLP safe?
mooGLP (Beefy GLP Vault) scores 63/100 on the independent RWTS Trust Score, which places it in Synthetic & Structured (Tier 4). Tier 4 is the highest-risk tier: synthetic or structured backing where the yield comes with genuine structural risk, not a hard claim. Backing: GLP (GMX liquidity provider token). It is independently audited. The score reflects backing, verification, redeemability, audit, regulatory standing, and track record, not headline yield. We rate. You decide.
Compare mooGLP
Head to head on the Trust Score with similar assets.