GMX has just launched a new perpetual swap market on @Arbitr | GMX on Binance Square

Trending Articles

Bookmarked and Liked

--

GMX has just launched a new perpetual swap market on @Arbitrum:
🔹 EIGEN/USD
Trade the new @Eigenlayer token now, with no deposit required and full self-custody, or provide liquidity to earn pool fees: http://app.gmx.io
1/4 🧵 https://x.com/GMX_IO/status/1844443575314210924/photo/1

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

GMX

21.62

+5.72%

EIGEN

3.898

+3.58%

354

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@GMX_IO

Explore More From Creator

GMX introduces a new perpetual futures market on @Arbitrum: 🔸 SATS/USD (Ordinals) Trade the 'most memeable memecoin on Bitcoin Chain' on GMX, or provide BTC/USDC liquidity to earn rewards from pool fees at: ➡️ https://t.co/DIjfl1FsOJ The new SATS/USD perpetual swap market allows users to trade the BRC-20 token SATS with up to 50x, directly from their personal wallet. --- Liquidity providers, please note that this is a synthetic market backed by an underlying BTC/USDC liquidity pool. This means liquidity for the SATS market is provided as BTC or USDC, and LPs in the GM: SATS/USD pool hold a roughly 50/50 mix of those two assets. The SATS/USD market has also been included in GLV [BTC/USDC], the newly introduced GMX Liquidity Vault. Adding the new market to GLV ensures that liquidity can always meet trading demand, as GLV dynamically shifts its liquidity to the markets with the highest utilisation. To learn more about how synthetic markets work on GMX, visit: ➡️

--

Three popular Telegram bots by community dev @SniperMonke01 have been redeployed. They're great resources for GMX users, allowing you to: 🔸Track new positions: https://t.co/MuJ4iSHTET 🔸Track $1M+ size trades https://t.co/SrYD1Xpoxa 🔸Monitor top traders, liquidity, & funding rates:

--

The WIF and PEPE markets on GMX on #Arbitrum have recently been the top performers for GM liquidity providers. The rewards earned in these two pools are exceptional due to their high utilisation — traders love memes. Trade PEPE or WIF permissionlessly on-chain, or provide liquidity for WIF/USDC or PEPE/USDC and earn on your meme tokens: https://t.co/DIjfl1FsOJ ----- 🔸Outperforming Benchmarks The @pepecoineth and @dogwifcoin pools have also shown superior returns over a longer timeframe. They significantly outperformed the benchmark of a regular rebalancing 50/50 LP position over the last 3 months. Virtually all of the GM pools are outperforming their rebalancing 50/50 counterparts, highlighting the value of being an LP in GMX's GM pools: Other notable GM performers include the BTC/USD [BTC] pool. By providing single-sided BTC liquidity to a BTC/USD market, you can earn ~10% annually on your Bitcoin. Thanks to zero price impact being activated on the single-token BTC/USD [BTC] and ETH/USD [WETH] pools, volume and LP rewards have significantly increased. The absence of price impact is a very attractive feature for big traders. ----- 🔸Understanding Your Exposure What is your exact exposure as an LP in a GM pool? Liquidity providers: - are exposed to the price movements of the underlying assets. - are counterparty to the traders, and exposed to trader PnL at times when that GM market isn't 50:50 balanced between Longs:Shorts. - earn fees from the pool at the listed reward rate. Please note that the returns listed on https://t.co/MnvZMQH9Nx do not include price changes of the underlying token(s) or traders' Profit & Loss. They purely reflect the fees LPs earn from leverage trading, borrowing fees and swaps. These fees are auto-compounded, automatically increasing the price of your GM tokens. All in all, the GM pools of GMX V2 have generated nearly $66 Million in revenue over 13 months:

--

https://x.com/GMX_IO/status/1843245195095400721/photo/1

--

A new Governance proposal is now live on Snapshot: 🔸 "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

--

Latest News

BTC Ecosystem NFT Floor Prices Surge

--

Federal Reserve Likely To Cut Rates By 25 Basis Points In November

--

Fairdesk To Permanently Close All Services By November 2024

--

SEC Delays Decision On Spot Ethereum ETF Options

--

AXL Surges Past 0.7 USDT With 27.33% Increase In 24 Hours

--

Cookie Preferences

ba-one-trust-cookie