GBPM — 23.77% APY Staking Pool

StablecoinIL RiskMulti-asset

The GBPM pool on Merkl (Monad) currently yields 23.77% APY with $638.1K in total value locked. Deposit your GBPM, USDM and earn passive DeFi yield — no KYC, no lockup, self-custodied.

By APY Hub · Reviewed by Ankit Sharma · Last reviewed: May 2026

Start Earning 23.77%

Pool Statistics

APY

23.77%

Reward APY

23.77%

TVL

$638.1K

Protocol

Merkl

Chain

Monad

Tokens

GBPMUSDM

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APY & TVL History

Historical APY and TVL data for GBPM, sourced from the DeFiLlama API. Use the charts to assess whether the current yield is a recent spike or a sustained rate. Sudden APY jumps often indicate new incentive programs — verify whether they are ongoing before making deposit decisions.

About GBPM

The GBPM pool is a decentralized yield-generating position managed by the Merkl protocol on the Monad blockchain. Depositors provide GBPM, USDM liquidity and receive a share of the fees and rewards generated by pool activity — with no intermediaries, no KYC, and full on-chain transparency.

With 23.77% APY and $638.1K in total value locked, this pool represents an active liquidity opportunities in the Monad DeFi ecosystem. The TVL figure reflects real user confidence — every dollar locked is a deposit from someone who chose this pool over thousands of alternatives.

How This Pool Generates Yield

Yield in GBPM comes from protocol fees and on-chain activity. This fee-based yield is more sustainable than token-emission models since it directly reflects real economic activity through the pool.

Unlike centralized staking on exchanges, your deposit in GBPM is secured by Merkl's open-source smart contracts on Monad. You can verify the exact contract addresses, see every transaction in the pool, and withdraw your position at any time without requiring anyone's permission.

Who Should Use GBPM?

This pool suits investors who already hold GBPM, USDM and want to put those assets to work beyond simply holding. As a stablecoin pool, it offers yield without price volatility risk on the principal — ideal for conservative DeFi participants.

How to Stake GBPM, USDM in Merkl

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Follow these steps to start earning 23.77% APY in the GBPM pool. The entire process takes 15–30 minutes for first-time DeFi users.

Step-by-Step Guide: Staking GBPM, USDM in Merkl
Step	Action	Details & Tips
1	Buy GBPM, USDM	Purchase on Bybit, BINGX, or MEXC. Choose the Monad network for withdrawal to save bridging fees.
2	Set up a wallet	Install MetaMask or use a Ledger hardware wallet. Add the Monad network if not auto-detected.
3	Get Monad for gas	Buy a small amount of Monad's native token to pay transaction fees (usually $1–10 worth).
4	Connect to Merkl	Visit the official Merkl app. Bookmark the URL. Never use links from DMs or social media.
5	Approve & deposit	Approve the token spend, confirm the deposit transaction. Yield starts accruing in the next block.
6	Track & harvest	Check back regularly. Some pools require manual reward claims — harvest and reinvest to maximize APY.

Gas Costs and Break-Even

On Monad, expect to spend approximately $2–$30 in gas for the deposit and withdrawal transactions combined. At 23.77% APY, a $7677 deposit recovers $5 in gas within a week. Scale your position accordingly — smaller deposits are better suited to low-fee chains.

Risk Assessment — GBPM

Every DeFi investment involves risk. The table below summarizes the key risk factors specific to the GBPM pool. Read carefully before depositing.

GBPM — Full Risk Analysis
Risk Factor	Level	Description
Impermanent Loss	⚠️ Present	Multi-asset pool: if GBPM, USDM prices diverge significantly, your position value decreases relative to holding. Monitor price ratios actively.
Asset Price Risk	🟢 Low	Stablecoin — principal value is stable regardless of crypto market moves.
Exposure Type	🟡 Multi Asset	Multi-asset exposure increases complexity. Understand how the pool rebalances before depositing.
Smart Contract	⚠️ Inherent	All DeFi protocols carry smart contract risk. Verify Merkl's audit history before depositing.
Liquidity Risk	🟡 Monitor	Lower TVL means larger deposits may face slippage on entry/exit. Check current depth before depositing.
Protocol Risk	🟡 Verify audits	Review Merkl's documentation, audit reports, and community reputation before committing large positions.

Frequently Asked Questions

What is the current APY for GBPM?

The current APY for the GBPM pool on Merkl is 23.77%. This rate updates daily based on pool utilization, trading volume, and protocol incentives. Always verify the live rate on the Merkl interface before depositing, as rates can shift significantly within hours.

What is the TVL of GBPM?

The total value locked (TVL) in the GBPM pool is currently $638.1K. Higher TVL indicates greater user trust and deeper liquidity — larger positions can enter and exit with minimal price impact.

How do I stake in GBPM?

Acquire GBPM, USDM on a CEX like Bybit or BINGX, withdraw to a Monad-compatible wallet, visit the official Merkl interface, connect your wallet, and deposit into the GBPM pool. Your yield begins accruing immediately.

Is GBPM safe to use?

Merkl is a DeFi protocol. As with all DeFi, smart contract risk is inherent. Check Merkl's audit history before depositing significant funds.

How do I withdraw from GBPM?

Connect your wallet to the Merkl interface, navigate to your position, and select "Withdraw" or "Remove Liquidity." Your principal plus accrued yield returns to your wallet, minus gas fees on the Monad network.

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