GMX and MAGIC Vaults Live on Premia Blue

Trade Options and Earn Yield on GMX and MAGIC!

Author

Weka
October 31, 2023

GMX traders and Treasure gamers rejoice — GMX and MAGIC vaults are live on Premia Blue!

Trade GMX or MAGIC call & put options or deposit into a vault to short up- or downside volatility and earn premiums on top of liquidity mining rewards!

Options allow traders to not only profit from volatility, but by understanding and leveraging The Greeks, any market conditions — making options an extremely valuable tool.

Enter Premia Blue’s GMX and MAGIC Vaults:

How to Deposit to a Vault:

  1. Navigate to app.premia.blue/vaults

  2. Sign in using your wallet and connect to Arbitrum

  3. To sell call options, choose a Call vault. To sell put options, choose a Put vault.

  5. Enter the amount of MAGIC or GMX (USDC.e for the put vault) you want to deposit

  6. Accept the transaction in your wallet, and you’re done! Your position is now accruing a proportional amount of PNL and PREMIA Options Liquidity Mining rewards from the vault.

Premia Blue is the first non-custodial options settlement layer with fully customizable options parameters and risk exposure.

Maximize capital efficiency, define your own risk, and optimize fees earned with Premia Blue on Arbitrum!

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