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

We value your feedback! 🫐

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.

🔸 Share your opinion: https://gmx.typeform.com/to/GffujP6y https://x.com/GMX_IO/status/1841785679346291124/video/1

GLV is now live on #Avalanche as well!

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:

https://x.com/GMX_IO/status/1841103189501677746/photo/1

Ah okay, could you put out this message please:

Beginning now: GMX Funding Rate Arbitrage Workshop

Listen in: https://discord.com/events/837652500948713502/1283857387106734120

On Stage in the GMX Discord, developer '50' takes the GMX community on a tour of some of the advanced trading strategies MM & traders utilise.

Funding Rate Arbitrage Workshop

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.

🗓️ 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?

Set a reminder:

🔸

🫐

GMX has enabled a 'Kink' Borrowing Model on all markets, boosting available liquidity by 30-40%. The change is now live!

Large and institutional traders now have access to hundreds of millions in liquidity on GMX.

Trade crypto at scale, on-chain: http://app.gmx.io

1/3🧵

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:

Here's how to benefit:

More than $65 billion in trading volume has been referred, and the top 4 referrers have each earned over $500,000 in rewards as GMX affiliates.

Set up your own Referral Code to share: https://t.co/rePae0heAD

For more insights about GMX's successful referral system, visit https://t.co/7dvA6s1uWj (with thanks to community dev @kyzoeth 🫐)

A new Governance proposal is now live on Snapshot:

🔸 Determining the potential listing of new markets for EIGEN

Tokenholders, please review the proposal and cast your vote now:

The following updates have been completed by GMX's development contributors over the past weeks:

🔸 Two GMX Liquidity Vaults are now live: ETH-USD and BTC-USD

GLV is an index of all GM pools with common collateral. It simplifies liquidity provision by dynamically optimising liquidity between its GM pools.

🔸 Completed various UI and UX changes improving the trading experience

🔸 Set price impact on GMX's Single-Token Pools for BTC/USD and ETH/USD on Arbitrum to zero, following risk review

🔸 Started on contract changes to support the adopted 'Buyback & Distribute GMX' proposal

🔸 Created new markets: ORDI/USD, STX/USD & BTC/USD [TBTC]

🔸 Implemented various RPC optimisations

🔸 Enabled a 'Kink' borrowing model

🔸 Fixed empty pool issue on the Buy GLV page, and similar UI tweaks

A new Governance proposal is now live on Snapshot:

🔸 Integration of Chaos Labs' Risk Oracles into GMX

Please review the proposal and cast your vote now: https://snapshot.org/#/gmx.eth

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:

🔸https://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.

🫐

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 🧵

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:

🫐

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

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.