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GMX
@GMX_IO
Decentralized perpetual exchange, trade BTC, ETH and more with with up to 50x leverage directly from your wallet.
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GMX V2.1 is now live on both @Arbitrum and @Avax! This update introduces numerous UX optimisations:
🔸 Easier integration with lending protocols
🔸 Improved transaction execution speed and reduced fees
🔸 New timestamp-based price oracle feeds, improving reliability by no longer depending on RPCs
🔸 Implementation of a kink model for borrowing rates, which will improve rates for traders
🔸 Introduction of a new ExchangeRouter.createShift function, which enables the instant withdrawal of liquidity from one GM market and deposit into another with zero deposit and withdrawal fees
🔸 and more...
Thanks to these new functionalities, GMX V2.1 can enable a range of new vaults and added-value DeFi products by GMX and its many integrators.
Additionally, the ExchangeRouter functions have been updated to include an autoCancel parameter. This allows for automatic cancellation of conditional orders such as stop-losses and take-profits once their associated position is closed.
Lastly, callback contracts can now implement a refundExecutionFee function for custom gas refund logic.
The above list is not exhaustive. For a detailed list of all the contract changes and the updated deployment addresses, visit the Github page: https://t.co/c9O988rG8r
Please keep in mind that the previously deployed contracts will remain usable for approximately two weeks, after which they will be disabled on 15 July 2024.
🔸 Easier integration with lending protocols
🔸 Improved transaction execution speed and reduced fees
🔸 New timestamp-based price oracle feeds, improving reliability by no longer depending on RPCs
🔸 Implementation of a kink model for borrowing rates, which will improve rates for traders
🔸 Introduction of a new ExchangeRouter.createShift function, which enables the instant withdrawal of liquidity from one GM market and deposit into another with zero deposit and withdrawal fees
🔸 and more...
Thanks to these new functionalities, GMX V2.1 can enable a range of new vaults and added-value DeFi products by GMX and its many integrators.
Additionally, the ExchangeRouter functions have been updated to include an autoCancel parameter. This allows for automatic cancellation of conditional orders such as stop-losses and take-profits once their associated position is closed.
Lastly, callback contracts can now implement a refundExecutionFee function for custom gas refund logic.
The above list is not exhaustive. For a detailed list of all the contract changes and the updated deployment addresses, visit the Github page: https://t.co/c9O988rG8r
Please keep in mind that the previously deployed contracts will remain usable for approximately two weeks, after which they will be disabled on 15 July 2024.
GMX V2 is now live with @Chainlink Data Streams as its oracle solution on #Avalanche mainnet.
Data Streams offer pull-based sub-second price updates, high throughput, and fast on-chain execution. Read about all the benefits for @Avax users:
🔸https://gmxio.substack.com/p/gmx-v2-is-now-live-with-chainlink
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Data Streams offer pull-based sub-second price updates, high throughput, and fast on-chain execution. Read about all the benefits for @Avax users:
🔸https://gmxio.substack.com/p/gmx-v2-is-now-live-with-chainlink
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GMX V2.1 is now live on @Arbitrum and @Avax! This update introduces numerous UX optimisations:
🔸Introduction of a new GLV vault, which allows for automatic shifting of liquidity between GM markets with the same base asset, based on demand.
🔸 The GLV vault makes use of the new ExchangeRouter.createShift function, which enables instant withdrawal from one GM market and deposit into another with zero deposit and withdrawal fees.
🔸 Timestamp-based price oracle feeds, improving reliability by no longer depending on RPCs.
🔸 Implementation of a kink model for borrowing rates, which will improve rates for traders.
🔸Easier integration with lending protocols
🔸 Improved transaction execution speed and reduced fees
Additionally, the ExchangeRouter functions have been updated to include an autoCancel parameter, allowing for automatic cancellation of conditional orders such as stop-losses and take-profits once their associated position is closed.
Also, callback contracts can now implement a refundExecutionFee function for custom gas refund logic.
The above list is not exhaustive. For a detailed list of all the contract changes and the updated deployment addresses, please visit the Github page: https://t.co/c9O988r8iT
Please keep in mind that the previously deployed contracts will remain usable for approximately two weeks, after which they will be disabled on 15 July 2024.
🔸Introduction of a new GLV vault, which allows for automatic shifting of liquidity between GM markets with the same base asset, based on demand.
🔸 The GLV vault makes use of the new ExchangeRouter.createShift function, which enables instant withdrawal from one GM market and deposit into another with zero deposit and withdrawal fees.
🔸 Timestamp-based price oracle feeds, improving reliability by no longer depending on RPCs.
🔸 Implementation of a kink model for borrowing rates, which will improve rates for traders.
🔸Easier integration with lending protocols
🔸 Improved transaction execution speed and reduced fees
Additionally, the ExchangeRouter functions have been updated to include an autoCancel parameter, allowing for automatic cancellation of conditional orders such as stop-losses and take-profits once their associated position is closed.
Also, callback contracts can now implement a refundExecutionFee function for custom gas refund logic.
The above list is not exhaustive. For a detailed list of all the contract changes and the updated deployment addresses, please visit the Github page: https://t.co/c9O988r8iT
Please keep in mind that the previously deployed contracts will remain usable for approximately two weeks, after which they will be disabled on 15 July 2024.
The Snapshot vote regarding the implementation of the update to the Multiplier Points system has ended. The community has signalled its preference for these follow-up steps:
• Set the MP emissions rate and max boost percentage to zero, once the required migration contract has been created.
• Users must hold esGMX/GMX tokens to be able to vest the esGMX tokens that Multiplier Points will be converted to.
View the Snapshot vote and the related proposal:
🔸
• Set the MP emissions rate and max boost percentage to zero, once the required migration contract has been created.
• Users must hold esGMX/GMX tokens to be able to vest the esGMX tokens that Multiplier Points will be converted to.
View the Snapshot vote and the related proposal:
🔸
This new quest from @Layer3xyz's Infinity CUBEs Campaign helps you get started with GMX's liquidity pools, like the new single-sided GM pools for Bitcoin and Ethereum.
Buy any GM token and earn market-leading yield on your crypto, plus Layer3 Rewards:
🔸 https://app.layer3.xyz/quests/infinity-cubes-gmx
Buy any GM token and earn market-leading yield on your crypto, plus Layer3 Rewards:
🔸 https://app.layer3.xyz/quests/infinity-cubes-gmx
Attention all #DeFi Builders:
GMX announces the launch of wave 2 of the GMX Grants Program, following the success of the first wave and the recent approval of GMX's STIP-Bridge proposal by the Arbitrum DAO.
For the wave 2 grants, GMX will allocate around 600,000 ARB of incentives to the grantees, with a cap of 75,000 ARB per grant.
This grant allocation aims to support builders who are contributing to the further adoption of @Arbitrum by building on and integrating with GMX V2.
Projects can begin applying for the grants starting the 3rd of June. Please refer to this announcement on the GMX Governance forum:
🔸 https://t.co/uojWwOjRKs
Two important notes:
1) Those who have received an STIP-Bridge allocation, LTIPP grant, or a grant in wave 1 of the GMX Grants Program, will not be eligible for the wave 2 grants.
2) The total Grant budget is limited, and incoming applications will be reviewed in batches. Please submit your application in a timely manner to improve your chances of consideration.
GMX announces the launch of wave 2 of the GMX Grants Program, following the success of the first wave and the recent approval of GMX's STIP-Bridge proposal by the Arbitrum DAO.
For the wave 2 grants, GMX will allocate around 600,000 ARB of incentives to the grantees, with a cap of 75,000 ARB per grant.
This grant allocation aims to support builders who are contributing to the further adoption of @Arbitrum by building on and integrating with GMX V2.
Projects can begin applying for the grants starting the 3rd of June. Please refer to this announcement on the GMX Governance forum:
🔸 https://t.co/uojWwOjRKs
Two important notes:
1) Those who have received an STIP-Bridge allocation, LTIPP grant, or a grant in wave 1 of the GMX Grants Program, will not be eligible for the wave 2 grants.
2) The total Grant budget is limited, and incoming applications will be reviewed in batches. Please submit your application in a timely manner to improve your chances of consideration.
