Some questions about GMX’s GLP pool

What I got so far is:

* GLP is the counterparty to GMX traders. If GMX traders win, the yield of GLP comes down.
* Its 50% stables and rest BTC ETH etc. So its affected by price of these tokens.
* The pool gets 70% of fees earned.

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Some questions:

1. In the Arbitrum stats page, it says total fee earned $140m and if I read the traders’ netPL chart right, traders have won $29m overall. Does this mean that GLP overall distributed (70% of $140m) – $29m – (loss from BTC ETH holdings) as rewards to GLP holders?
2. GLP Arbitrum pool APR is 20% now and has been around same average in last few months. Does the current value of GLP 0.96 include all past yields?
3. I ask because the GLP price is hardly ever moving. It’s 0.96 now, but it was same 6 months ago and same around 1 year ago. Does this mean that GLP investors an year ago at 0.96 made no money?

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Thanks and happy farming!

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