GMX Dollar Vault supported as collateral asset on Morpho

Decentralized exchange GMX said GMX Dollar Vault is now supported as a collateral asset on Morpho. Users can deposit GLV [USDG], borrow USDG against it, and repeat the strategy. GMX said the estimated return on equity for a U.S. dollar-denominated position is around 28% with 2x leverage. Gauntlet will curate the market.