According to Foresight News, the decentralized derivatives protocol GMX has announced that it will launch its second round of funding. Applications for the funding can be submitted starting from June 3. The total amount of funding available is approximately 600,000 ARB, with a maximum grant of 75,000 ARB per application. The purpose of this round of funding is to support builders who contribute to the further application of Arbitrum by building on and integrating with GMX V2. However, projects that have already received STIP-Bridge grants, LTIPP grants, or grants from the first round of GMX funding will not be eligible to apply for the second round.
Decentralized Derivatives Protocol GMX Announces Second Round of Funding
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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