🔹Two 7-day long trading contests 🔹A whopping 280,000 ARB p | GMX στο Binance Square

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🔹Two 7-day long trading contests
🔹A whopping 280,000 ARB prize pot
🔹Achieve the highest ROI, or highest profit in dollars:

> https://t.co/Ju42K77kAE

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Epoch 11 of GMX's #Arbitrum STIP-Bridge Campaign has started: ✅ Traders enjoy a ~25% rebate on GMX V2 trading fees ✅ LPs receive bonus ARB rewards on GM liquidity pools, as well as the new GLV liquidity vault Trade and Earn, securely onchain: http://app.gmx.io 1/3 🧵

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Introducing GMX Liquidity Vaults (GLV) - Now Live! GLV is a vault of automatically rebalancing GM tokens, generating fees from leverage trading and swaps across all the included markets. It can be visualised as a 'pool of pools'. Or an index of all the GM pools with common collateral, optimally rebalancing liquidity between these pools. The GLV vault dynamically allocates its liquidity to its GM pools, based on their utilisation and demand. This ensures that liquidity flows to the markets that need it the most, providing traders with the deep liquidity they desire, and offering LPs higher capital efficiency. The first vault is GLV [WETH-USDC] on @Arbitrum. GLV can be purchased with ETH, USDC, or any of its 7 underlying GM tokens: https://t.co/eY0w52l4tb Note that purchasing GLV with any of its underlying GM tokens incurs zero fees. This is made possible by the recently introduced SHIFT functionality for GM liquidity providers. Read more about GLV, and how to earn fees from providing liquidity on GMX V2:

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A new Governance proposal is now live on Snapshot: 🔸 Implementation of GMX Liquidity Vaults (GLV) for Enhancing Liquidity Please review the proposal and cast your vote now: https://snapshot.org/#/gmx.eth

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Price impact on the Single-Token Pools for BTC and ETH on Arbitrum has been set to zero, effective immediately. All trades on the BTC-USD [BTC] and ETH-USD [WETH] markets now benefit from zero price impact. To take advantage of this, select the BTC or ETH market in the trading interface, then choose the appropriate single-sided pool below the leverage slider. Zero price impact is being introduced in these specific markets following a thorough risk review for market size and depth. The parameters will continue to be fine-tuned over time. This may include extending zero price impact to other markets, or adjusting the levels of price impact.

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