GammaSwap Open Interest · Arbitrum

WETH-GS

Overview

The GammaSwap Open Interest WETH-GS pool on Arbitrum is an options protocol where users can generate yield from open interest positions in Wrapped Ethereum (WETH). This pool enables participants to earn returns based on the underlying volatility and trading activity of WETH.

Total APY stands at 11.57%, with no separate reward component. Over the past week, this rate has increased by 9.77% and over the last month by 10.14%. This current yield is significantly above the 30-day mean of 4.26%.

TVL in the pool amounts to $839K with no reported change over the previous seven days. The primary risk here involves impermanent loss exposure due to the multi-asset nature of the pool. Given its focus on options trading, liquidity depth is crucial for maintaining stable returns and minimizing slippage costs.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 8.76%; 30-day mean is 9.37%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 69% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.