Benefit from permissionless trading with deep liquidity and fees of just ~0.015%, on GMX V2:

🔸http://app.gmx.io

Market volatility has returned this week. And GMX is processing billions in trading volume, supported by its ~426 million in liquidity.

Trade permissionlessly on-chain as well, and benefit from snappy execution, intuitive UX, and very low fees:

🔹http://app.gmx.io

1/5 🧵

An incentive campaign has just launched for GMX on the Avalanche blockchain, to give all @Avax users a Boost!

Provide liquidity and trade perpetuals during the GMX Summer Boost campaign to grab your share of AVAX rewards.

Starting today, GMX users on Avalanche benefit from the following Boost incentives:

🔹 Liquidity Incentives are streaming to the GM pools on Avalanche, to deepen market liquidity and minimise slippage. These rewards boost liquidity providers' returns and boost the user experience for on-chain traders.

🔹 Additionally, all GMX traders on Avalanche enjoy an extra boost: up to 75% discount on all open and close fees for their trades.

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Boosted rewards are now live on the GM liquidity pools on Avalanche, including the 3 new single-asset pools:

• AVAX/USD [WAVAX-USDC]
• AVAX/USD [WAVAX] (single-asset pool)
• BTC/USD [BTC-USDC]
• BTC/USD [BTC] (single-asset pool)
• ETH/USD [ETH-USDC]
• ETH/USD [ETH] (single-asset pool)
• DOGE/USD [WAVAX-USDC] (synthetic pool)
• XRP/USD [WAVAX-USDC] (synthetic pool)
• SOL/USD [SOL-USDC]
• LTC/USD [WAVAX-USDC] (synthetic pool)

Provide liquidity to GMX’s market-leading GM Pools on Avalanche and start earning boosted farming rewards now:

🔹https://t.co/eY0w52l4tb

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As part of the Summer Boost campaign, GMX is also reducing its trading fees by ~75%. This discount makes it uniquely attractive to start trading on-chain now.

Try out permissionless trading on #Avalanche with fast execution and strikingly low fees:

🔹https://t.co/JfrQZTwswD

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For details of the GMX Summer Boost incentive campaign, read the full announcement on the GMX News blog:

🔹

Epoch 2 of the GMX STIP-Bridge program on @Arbitrum is live!

1️⃣ Enjoy trading fees of just ~0.015% on GMX V2
2️⃣ Earn double rewards on the GM liquidity pools

Trade and receive a 75% rebate of all open and close fees. Or deposit liquidity and earn pool fees + incentives

1/3

https://x.com/i/spaces/1YqxoDozOmMKv

New BTC/USD, ETH/USD, and AVAX/USD single-token GM markets are live on #Avalanche!

You can now buy GM tokens and earn fees from #GMX trading, without being exposed to stablecoins or impermanent loss.

Use just BTC, ETH, or AVAX to provide liquidity: https://app.gmx.io/#/pools/

1/3

GMX V2.1 is now live on both @Arbitrum and @Avax! This update introduces numerous UX optimisations:

🔸 Easier integration with lending protocols

🔸 Improved transaction execution speed and reduced fees

🔸 New timestamp-based price oracle feeds, improving reliability by no longer depending on RPCs

🔸 Implementation of a kink model for borrowing rates, which will improve rates for traders

🔸 Introduction of a new ExchangeRouter.createShift function, which enables the instant withdrawal of liquidity from one GM market and deposit into another with zero deposit and withdrawal fees

🔸 and more...

Thanks to these new functionalities, GMX V2.1 can enable a range of new vaults and added-value DeFi products by GMX and its many integrators.

Additionally, the ExchangeRouter functions have been updated to include an autoCancel parameter. This allows for automatic cancellation of conditional orders such as stop-losses and take-profits once their associated position is closed.

Lastly, callback contracts can now implement a refundExecutionFee function for custom gas refund logic.

The above list is not exhaustive. For a detailed list of all the contract changes and the updated deployment addresses, visit the Github page: https://t.co/c9O988rG8r

Please keep in mind that the previously deployed contracts will remain usable for approximately two weeks, after which they will be disabled on 15 July 2024.

GMX V2 is now live with @Chainlink Data Streams as its oracle solution on #Avalanche mainnet.

Data Streams offer pull-based sub-second price updates, high throughput, and fast on-chain execution. Read about all the benefits for @Avax users:

🔸https://gmxio.substack.com/p/gmx-v2-is-now-live-with-chainlink

1/2

GMX V2.1 is now live on @Arbitrum and @Avax! This update introduces numerous UX optimisations:

🔸Introduction of a new GLV vault, which allows for automatic shifting of liquidity between GM markets with the same base asset, based on demand.

🔸 The GLV vault makes use of the new ExchangeRouter.createShift function, which enables instant withdrawal from one GM market and deposit into another with zero deposit and withdrawal fees.

🔸 Timestamp-based price oracle feeds, improving reliability by no longer depending on RPCs.

🔸 Implementation of a kink model for borrowing rates, which will improve rates for traders.

🔸Easier integration with lending protocols

🔸 Improved transaction execution speed and reduced fees

Additionally, the ExchangeRouter functions have been updated to include an autoCancel parameter, allowing for automatic cancellation of conditional orders such as stop-losses and take-profits once their associated position is closed.

Also, callback contracts can now implement a refundExecutionFee function for custom gas refund logic.

The above list is not exhaustive. For a detailed list of all the contract changes and the updated deployment addresses, please visit the Github page: https://t.co/c9O988r8iT

Please keep in mind that the previously deployed contracts will remain usable for approximately two weeks, after which they will be disabled on 15 July 2024.

GMX connects with @NotifiNetwork on an X Space to discuss the recent launch of real-time trading alerts and notifications on GMX!

Tune in here: https://x.com/i/spaces/1ynJOyDqnoXKR

GMX's STIP-Bridge campaign starts at 00:00 UTC. Trading and liquidity incentives will be offered, to further boost engagement with the protocol.

The goal is to solidify GMX's role as the foundational trading and liquidity layer for DeFi on #Arbitrum.

How users benefit:

🧵 1/6

https://x.com/i/spaces/1vAGRvOMROgGl

At 4 PM UTC today, GMX will host a community call on X Spaces.

Ask the contributors a question, and discuss Bitcoin and the listing proposal for tBTC, a decentralized wrapped Bitcoin, with Threshold Network.

Listen in: https://x.com/i/spaces/1vAGRvOMROgGl

The deadline to submit proposals for Wave 2 of the GMX Grants Program is June 24, at 8 AM UTC.

This marks the end of another successful phase of the grants program, driving innovation in the #Arbitrum DeFi ecosystem.

Keep an eye out for the announcement of the grant recipients.

https://x.com/i/spaces/1ynJOyyQQOyKR

GMX is increasing the maximum leverage for additional GM markets today on Arbitrum:

🔹SOL, LINK, BNB, XRP, & LTC: up to 100x
🔹ARB: up to 75x
🔹NEAR, ATOM, & UNI: up to 60x

Please manage your trades responsibly.

🫐