pGME

GMEx / USDGSelf-lending

GameStop Memestock Pod · wraps GameStop Stock Token

Market closed · gap premium liveNext: Q3 earnings · 09-09

The highest realized volatility in the tokenized equity market. Every retail impulse, every halt, every weekend gap is fee flow for the pod.

LVF APY

118.4%

VF APY

41.8%

Pod TVL

$8.42M

24h volume

$26.6M

24h fees

$61.4K

CBR

1.184

Borrow APR

9.4%

Realized vol

96%

Collateral backing ratio · 90 days

1.1840

+4.1% / 30d

90d ago60d30dtoday

Fee schedule

Set at deployment, immutable afterwards.

Wrap GMEx → pGME0.25%

Unwrap pGME → GMEx0.5%

AMM buy0.6%

AMM sell0.9%

Closed-session gap premium+0.35%

Revenue split

60% LP rewards25% pTKN burn15% protocol / partner

Pod reserve

Every pGME is a claim on the reserve below.

Underlying held

84,200 GMEx

pGME supply

71,115

214,882 burned to date

Holders4,128

pGME isolated market

Isolated USDG market backing this pod. Lenders here fund the leverage above.

Supply USDG

Supplied

$3.94M

Borrowed

$3.70M

Supply APY

12.8%

Utilization

94%

Where this pod actually earns

Reference-price arbitrage

Every time GMEx moves against the pool, someone realigns it and pays the AMM fee to do so. Higher realized volatility, more realignments.

Wrap and unwrap flow

Entering and leaving the pod is never free. Those fees stay in the pod, and a quarter of them burns pGME supply.

Session gaps

While GMEx is closed the pod charges an extra 0.35% and collects a large corrective trade at the open.

Leverage demand

Borrowers pay 9.4% APR to farm this pod at up to 5×. That interest is paid to lenders and to the protocol.

Risk

LVF positions are liquidated above 83.33% LTV. Because the collateral is a full-range LP, its value falls with the square root of price, which softens but does not remove the risk.
Session gaps cut both ways. A large adverse move while GMEx is closed can move a healthy position into liquidation before the market reopens.
Tokenized equities carry issuer and transfer-restriction risk that a purely on-chain asset does not. The pod cannot redeem what the issuer will not honour.
Pods are immutable. Fee parameters cannot be changed after deployment.

Deposit pGME — the protocol borrows the USDG side for you

pGME

Balance 840.00

Leverage3.0×

1×5× max

LP position size$0.00

Borrowed USDG$0.00

Borrow APR9.4%

Net LVF APY106.6%

Est. weekly fees$0.00

LTV66.7% / 83.33%

Health 1.25Liquidation at −36%

Gap premium is live

GMEx is closed, so the pod charges an extra 0.35% on AMM trades. Fee income is elevated and so is stale-price risk on Monday.

Self-lending bootstraps the USDG market in the same transaction.