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GMX
@GMX_IO
Decentralized perpetual exchange, trade BTC, ETH and more with with up to 50x leverage directly from your wallet.
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GMX is introducing a 25% reduction of Open & Close fees on select markets:
On 4 December 2024, the SOL/USD, DOGE/USD, and LINK/USD markets will be the first markets to trial updated parameters, aimed at making trading more affordable and secure.
The Open and Close fees for all trades on these markets will be reduced to a flat 4.5 basis points, from the current rates of 7 bps / 5 bps.
Additionally, the newly activated liquidation fees (initial parameter: 20 basis points) will be implemented for these markets at the same time.
These updates aim to lower costs for all traders, support larger markets, and create a safer and more sustainable mechanism for liquidity providers absorbing liquidations.
Feedback and monitoring of these updates will be evaluated over several weeks, before considering application to additional markets.
On 4 December 2024, the SOL/USD, DOGE/USD, and LINK/USD markets will be the first markets to trial updated parameters, aimed at making trading more affordable and secure.
The Open and Close fees for all trades on these markets will be reduced to a flat 4.5 basis points, from the current rates of 7 bps / 5 bps.
Additionally, the newly activated liquidation fees (initial parameter: 20 basis points) will be implemented for these markets at the same time.
These updates aim to lower costs for all traders, support larger markets, and create a safer and more sustainable mechanism for liquidity providers absorbing liquidations.
Feedback and monitoring of these updates will be evaluated over several weeks, before considering application to additional markets.
GMX has just launched 4 new meme markets!
🔸 MEW 🔸 FLOKI 🔸 BOME 🔸 MEME
Go Long or Short directly from your own wallet, taking advantage of GMX's self-custody, deep liquidity, and fast onchain execution.
—
Market Details for LPs & Traders:
• These meme markets are synthetic perpetual swaps, facilitated by BTC-USDC liquidity pools.
• All four meme markets have been added to GLV [BTC-USDC], to auto-optimise their liquidity
• Mint GLV now, to provide liquidity on GMX and earn with maximum capital efficiency
• @Chainlink Data Streams supply robust low-latency price feeds for all four assets
—
Trade the new markets on @Arbitrum, or mint GLV now to earn from GMX's best-performing liquidity pools automatically:
✅
🔸 MEW 🔸 FLOKI 🔸 BOME 🔸 MEME
Go Long or Short directly from your own wallet, taking advantage of GMX's self-custody, deep liquidity, and fast onchain execution.
—
Market Details for LPs & Traders:
• These meme markets are synthetic perpetual swaps, facilitated by BTC-USDC liquidity pools.
• All four meme markets have been added to GLV [BTC-USDC], to auto-optimise their liquidity
• Mint GLV now, to provide liquidity on GMX and earn with maximum capital efficiency
• @Chainlink Data Streams supply robust low-latency price feeds for all four assets
—
Trade the new markets on @Arbitrum, or mint GLV now to earn from GMX's best-performing liquidity pools automatically:
✅
GMX launches a new perpetual swap market on @Arbitrum:
🔸 TAO/USD
Trade the TAO token from @Bittensor_ directly from your own wallet, and benefit from GMX's deep liquidity and unrivalled onchain execution speed:
➡️ https://t.co/DIjfl1FsOJ
___
Market Details for LPs & Traders:
The new TAO/USD perpetual futures market allows GMX users to trade the Bittensor token with up to 50x on Arbitrum.
This is a synthetic market, which is supported by an underlying BTC/USDC liquidity pool. This means that liquidity for the TAO market is provided in the form of BTC or USDC. And liquidity providers in the GM: TAO/USD pool hold an approximately 50/50 mix of both assets, while earning pool fees.
The TAO/USD has been integrated into GLV [BTC-USDC], the auto-optimising GMX Liquidity Vault. This ensures that liquidity can always meet trading demand, as GLV dynamically allocates its liquidity to the markets with the highest utilisation.
🔸 TAO/USD
Trade the TAO token from @Bittensor_ directly from your own wallet, and benefit from GMX's deep liquidity and unrivalled onchain execution speed:
➡️ https://t.co/DIjfl1FsOJ
___
Market Details for LPs & Traders:
The new TAO/USD perpetual futures market allows GMX users to trade the Bittensor token with up to 50x on Arbitrum.
This is a synthetic market, which is supported by an underlying BTC/USDC liquidity pool. This means that liquidity for the TAO market is provided in the form of BTC or USDC. And liquidity providers in the GM: TAO/USD pool hold an approximately 50/50 mix of both assets, while earning pool fees.
The TAO/USD has been integrated into GLV [BTC-USDC], the auto-optimising GMX Liquidity Vault. This ensures that liquidity can always meet trading demand, as GLV dynamically allocates its liquidity to the markets with the highest utilisation.
GMX introduces two new perpetual swap markets:
🔸 BONK/USD
🔸 WLD/USD
Go Long or Short on the popular @Bonk_inu and @Worldcoin tokens directly from your own wallet, taking advantage of GMX's fast onchain execution.
___
Market Details for LPs & Traders:
The markets are synthetic perpetual swaps; they track the price of BONK and WLD, but are supported by GM liquidity pools that do not contain these assets.
Both BONK/USD and WLD/USD are backed by [WETH-USDC] liquidity pools, which have also been added to GLV [WETH-USDC].
By adding these markets to the GMX Liquidity Vault, liquidity automatically shifts to these pools to meet trader demand. This unique mechanism enables GLV to effectively support numerous synthetic markets simultaneously. It simultaneously optimises capital efficiency for GLV liquidity providers.
Low-latency price feeds for the two assets are supplied by @Chainlink Data Streams; the leading low-latency oracle solution optimised for Perp DEXes.
Trade the new markets on @Arbitrum, or mint GLV to earn from the top-performing pools on GMX automatically:
✅
🔸 BONK/USD
🔸 WLD/USD
Go Long or Short on the popular @Bonk_inu and @Worldcoin tokens directly from your own wallet, taking advantage of GMX's fast onchain execution.
___
Market Details for LPs & Traders:
The markets are synthetic perpetual swaps; they track the price of BONK and WLD, but are supported by GM liquidity pools that do not contain these assets.
Both BONK/USD and WLD/USD are backed by [WETH-USDC] liquidity pools, which have also been added to GLV [WETH-USDC].
By adding these markets to the GMX Liquidity Vault, liquidity automatically shifts to these pools to meet trader demand. This unique mechanism enables GLV to effectively support numerous synthetic markets simultaneously. It simultaneously optimises capital efficiency for GLV liquidity providers.
Low-latency price feeds for the two assets are supplied by @Chainlink Data Streams; the leading low-latency oracle solution optimised for Perp DEXes.
Trade the new markets on @Arbitrum, or mint GLV to earn from the top-performing pools on GMX automatically:
✅
The following updates have been completed by GMX's development contributors over the past weeks:
🔸 Achieved major improvements in optimising https://t.co/OD4zHYFkKG dApp performance, speeding up load times by 2.5x.
🔸 Worked with the GMX-Solana contributors on the next steps for bringing GMX to the Solana blockchain, including partnering with Chainlink Data Streams and starting the code audit
🔸 Created new markets for traders and pools for liquidity providers: APE, SEI, SUI, APT, TIA, POL, TON and TRX
🔸 Introduced BB&D, with the protocol transitioning to GMX token repurchases and staking rewards being received in GMX tokens rather than ETH/AVAX
🔸 Introduced Take-Profit and Stop-Loss orders on GMX automatically cancelling when the position they're linked to is fully closed
🔸 Polished the GLV dashboard and optimised the GLV vault balancing, asset caps, and liquidity shift frequency
🔸 Improved the Trade-box and Earn & Pool pages with minor UI changes and optimisations
🔸 Switched to an updated Chainlink data feed for wstETH, updating the configs for the wstETH markets and removing the 1% sell fee introduced to prevent toxic flow
🔸 Achieved major improvements in optimising https://t.co/OD4zHYFkKG dApp performance, speeding up load times by 2.5x.
🔸 Worked with the GMX-Solana contributors on the next steps for bringing GMX to the Solana blockchain, including partnering with Chainlink Data Streams and starting the code audit
🔸 Created new markets for traders and pools for liquidity providers: APE, SEI, SUI, APT, TIA, POL, TON and TRX
🔸 Introduced BB&D, with the protocol transitioning to GMX token repurchases and staking rewards being received in GMX tokens rather than ETH/AVAX
🔸 Introduced Take-Profit and Stop-Loss orders on GMX automatically cancelling when the position they're linked to is fully closed
🔸 Polished the GLV dashboard and optimised the GLV vault balancing, asset caps, and liquidity shift frequency
🔸 Improved the Trade-box and Earn & Pool pages with minor UI changes and optimisations
🔸 Switched to an updated Chainlink data feed for wstETH, updating the configs for the wstETH markets and removing the 1% sell fee introduced to prevent toxic flow
GMX has launched two new perpetual swap markets:
🔸 TON/USD
🔸 TRX/USD
Trade TON from @Toncoin or TRX from @Trondao directly from your self-custody wallet, and take advantage of GMX's deep liquidity and fast onchain execution!
---
Both markets are synthetic and facilitated by underlying WETH-USDC liquidity pools. These two GM pools are also included in GLV [WETH-USDC], the new highly-performant GMX Liquidity Vault.
GLV is essentially an enhanced version of GLP: it is the index pool of synthetic GM Markets, with your liquidity automatically rebalanced to its best-performing markets. This unique mechanism allows GLV to support a theoretically infinite number of markets simultaneously.
The automatic rebalancing process optimises capital efficiency for GLV liquidity providers, as it channels their deposited funds to the markets with the highest utilisation and returns.
Trade the new markets on @Arbitrum, or purchase GLV to earn from the top-performing pools on GMX automatically:
➡️
🔸 TON/USD
🔸 TRX/USD
Trade TON from @Toncoin or TRX from @Trondao directly from your self-custody wallet, and take advantage of GMX's deep liquidity and fast onchain execution!
---
Both markets are synthetic and facilitated by underlying WETH-USDC liquidity pools. These two GM pools are also included in GLV [WETH-USDC], the new highly-performant GMX Liquidity Vault.
GLV is essentially an enhanced version of GLP: it is the index pool of synthetic GM Markets, with your liquidity automatically rebalanced to its best-performing markets. This unique mechanism allows GLV to support a theoretically infinite number of markets simultaneously.
The automatic rebalancing process optimises capital efficiency for GLV liquidity providers, as it channels their deposited funds to the markets with the highest utilisation and returns.
Trade the new markets on @Arbitrum, or purchase GLV to earn from the top-performing pools on GMX automatically:
➡️