GMX introduces a new perpetual futures market on @Arbitrum:
đž 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:
âĄïž 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.
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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:
âĄïž
