A new Governance proposal is now live on Snapshot:
đž "GMSOL or GMX-SOLANA? Decide, then Sail"
Tokenholders, please review the proposal and cast your vote now: https://snapshot.org/#/gmx.eth https://x.com/GMX_IO/status/1842280486120689917/photo/1
Whether you are currently using GMX or have traded on the protocol in the past, please take a mini survey to help us improve. It takes less than a minute.
đž Share your opinion: https://gmx.typeform.com/to/GffujP6y https://x.com/GMX_IO/status/1841785679346291124/video/1
The new GMX Liquidity Vault based on [WAVAX-USDC] is available as of today. Users can provide liquidity to the first automatically rebalanced vault on @Avax that combines multiple GM pool tokens. GLV on Avalanche can be bought with WAVAX, USDC, or any of its underlying GM tokens.
This new launch follows the successful introduction of GLV [WETH-USDC] and GLV [BTC-USDC] on the #Arbitrum blockchain.
To learn more about GLV and how it optimises rewards for LPs, see the original launch announcement:
Join us in the GMX Discord, as developer @50shadesofgwei_ takes the GMX community on a tour of some of the advanced trading strategies that market makers and programmatic traders utilise on Perps markets.
đïž Thursday, September 26, at 4 PM UTC
Topics to be covered:
- How does funding arbitrage work? - How are searcher bots constructed? - how do advanced traders look at Perps markets?
The GMX STIP-Bridge program on #Arbitrum has now ended, and the final epoch's rewards were distributed.
On #Avalanche, the GMX Summer Boost campaign continues! Benefit from a ~75% rebate on your trading fees, or earn significant bonus AVAX rewards by providing liquidity to the GM pools:
The second GMX Liquidity Vault is now live: GLV [BTC-USDC] !
GLV functions as a liquidity-optimising vault. The vault is an index of all GM pools that have identical collateral, in this case: BTC-USDC collateral. It automatically rebalances this BTC-USDC liquidity across its GM pools based on their utilisation and demand.
As a result, GLV provides liquidity providers with a balanced instrument offering stable risk-adjusted returns and optimised capital efficiency.
GLV [BTC-USDC] on @Arbitrum is a vault for GMX's Bitcoin-related markets. It can be purchased with BTC, USDC, or any of its underlying GM pool tokens: BTC/USD, ORDI/USD, and STX/USD. Purchasing GLV with any of its underlying GM tokens does not incur any fees, thanks to GMX's newly introduced SHIFT functionality.
Buy GLV, and automatically earn fees from the best-performing GM pools on GMX:
đžhttps://t.co/eY0w52l4tb
All early GLV holders benefit from liquidity incentives on top, thanks to GMX's ongoing Arbitrum STIP-Bridge campaign. These additional rewards will be airdropped to your wallet on Wednesday, after each weekly epoch concludes.
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:
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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