According to ChainCatcher, the decentralized derivatives protocol GMX tweeted that it will launch the second round of funding, and projects can start applying from June 3. The total amount is about 600,000 ARB, and the upper limit of a single grant is 75,000 ARB.

This round of funding is intended to support builders who contribute to the further application of Arbitrum by building on and integrating with GMX V2. In addition, projects that have received STIP-Bridge grants, LTIPP grants, or the first round of grants from the GMX funding program will not be eligible to apply for the second round of grants.