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

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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.