GMX has been selected as a grantee of the @Arbitrum Security Subsidy Fund! The grant will be used for three impactful initiatives:

🔸 Audits for implementing Gasless Transactions on GMX
🔸 Audits for the upcoming GMX Multichain expansion
🔸 And ensuring smart contract security when Cross Margin is introduced

Hat tip to @areta_io, @axisadvisory_ & @DaimonLaw for leading this initiative to further strengthen the collaborative #Arbitrum ecosystem.

A new proposal is currently up for an on-chain vote by the GMX DAO on Tally:

🔸"Payment for GMX-Solana Second Audit"

Please cast your vote now: https://www.tally.xyz/gov/gmx

For additional background information, see the previous Snapshot vote: https://gov.gmx.io/t/payment-for-gmx-solana-second-audit/4317

GMX has implemented several UI optimisations in the dApp and trading interface. Here are the key updates:

- Trade UI Enhancements: improvements have been made to colour highlights, button state designs, and background colours.

- Updates to the Tabs: changes to the GLV/GM Buy/Sell page and the long, short, and swap selection in the Tradebox.

- TradingView Fixes: an issue with saving charts and indicators has been resolved.

- GLV has been highlighted on the Earn and Pools pages.

- Improved visual clarity regarding the price impact of trades.

- Updated the Dropdown menus and the Search input box for a better user experience.

- Streamlined the Trade History log for easier navigation.

As well as many additional smaller UI tweaks.

Your feedback is appreciated! Please share your thoughts in the comments, in the GMX Telegram chat, or in the community Discord.

Your wallet. Your funds. Your trades.

#GMX is #Permissionless.

GMX-Solana will offer innovative Trade-to-Mint tokenomics, along with CEX-level trading fees.

Explaining the $GT - $GMX Flywheel of @GMX_SOL:

➡️ https://medium.com/@gmx-sol/gmx-solana-building-a-trader-focused-perpetual-dex-through-the-gt-gmx-flywheel-2e81cc25bf0a

GMX is excited to present the Development Plan for the first months of 2025:

🔹 Multichain: trade on GMX from anywhere
🔹 Gasless Transactions
🔹 Cross-collateral Support
🔹 Network Fee Subsidies
🔹 Lower Price Impact
🔹 Scaling Liquidity via Net Open Interest

And what comes after…

With GMX v2.2, the focus is on further enhancing stability, lowering costs for users, and enabling multichain access.

These plans reflect GMX’s commitment to creating an accessible, high-performance, user-friendly platform powered by public blockchains and decentralised technology.

Today, the GMX DEX is trusted by thousands of users every day, facilitating billions of dollars in weekly trading volume. The protocol serves as a foundational liquidity layer for the #DeFi infrastructure on @Arbitrum and @Avax.

In the near future, this trading and liquidity infrastructure will expand to include @Solana (via @GMX_SOL) and will be accessible from any supported EVM blockchain...

This will further solidify GMX’s role as a base layer for an interconnected decentralised finance ecosystem.

Read the full vision document on the #GMX News blog:

🔸

GMX launches a new perpetual swap market on Arbitrum:

🔸 INJ/USD (Injective)

Trade the INJ token on #GMX with up to 50x leverage and fast onchain execution, directly from your self-custody wallet.

@Injective #INJ

GMX is excited to introduce a new perpetual swap market on @Arbitrum:

🔸 DYDX/USD

Go Long or Short the @dYdX token, and benefit from GMX's self-custody, fair pricing, and split-second onchain execution.

#DYDX $DYDX

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GMX and the TON Foundation are collaborating, to push the boundaries of DeFi on decentralised, public blockchains:

As part of this initiative, the TON Foundation and GMX are launching a developer competition. We invite participants to design a cutting-edge Perpetual DEX on the $TON Blockchain, which achieves two key goals:

🔹 Drive innovation in high-frequency trading
🔹 Drive innovation in transaction fee optimisation

Through this collaboration, the TON Foundation seeks to leverage GMX’s extensive Perp DEX expertise, including on efficient, low-slippage trading and competitive fee structures.

GMX's focus is on supporting the evolution of trading on public blockchains, and the potential opportunities this creates for the GMX DAO.

Developers, founders, and projects within the TON ecosystem are encouraged to apply for the competition, which offers a chance to win GMX advisory services and TON Foundation support.

Apply here:

Announcing: X Spaces Live - an AMA session with GMX and the builders behind @Exit_Market, @UmamiFinance and @Bonsai_DAO:

📅 Thursday, December 19
⏰ 6 PM UTC / 1 PM ET

Set a reminder: https://x.com/i/spaces/1yoKMyawZpXKQ

An in-house SDK for #GMX has been developed and released. You can find it here:

✅ https://github.com/gmx-io/gmx-interface/tree/master/sdk

We hope it adds value for you, as GMX users and integrators. If there's anything that can be further optimised, please reach out on socials.

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The GMX developers have proposed an elaborate Development Plan for GMX v2.2 and v2.3 to the community. You can find the link below in the comments.

Alongside, all the following protocol refinements were realised in the last weeks:

🔸 Decreased the Funding Rates on GMX for all #Arbitrum markets

🔸 Introduced numerous new markets for traders and liquidity providers: FLOKI, MEW, MEME, BOME, FIL, XLM, RENDER, ADA, BCH, DOT, ICP, PENDLE, BONK, WLD, and TAO

🔸 Launched Single-Token Pools for SOL/USD and GMX/USD, allowing single-sided liquidity provision to these markets

🔸 Reduced Open and Close fees by 25% for the SOL/USD, DOGE/USD, and LINK/USD markets

🔸 Implemented Liquidation Fees for these same markets as a trial

🔸 Updated PEPE, SATS, and SHIB tokens to kPEPE, mSATS, and kSHIB for a better user experience

🔸 Deployed a new ChainlinkDataStreamProvider, allowing GMX to further reduce the spread

🔸 Re-deployed the ExchangeRouter and GlvRouter contracts to include additional functionality

🔸 Made improvements to the Pool selector, chart loading speed, and various other UX enhancements on the Trade page

GMX launches a new perpetual market on #Arbitrum, by popular demand:

🔸 FIL/USD (Filecoin)

Trade the FIL token permissionlessly with up to 50x. Your wallet, your funds, your trades!

$FIL @Filecoin #FIL

Starting Now ❗️

X Spaces live: Arbitrum & GMX DeFi Roundtable

Tune in:

Dear GMX community members, a crucial proposal has been shared on the Governance forum:

🔸"Development Plan: GMX v2.2 + v2.3" 🫐

Your input is appreciated; please join the discussion: http://gov.gmx.io

The next Governance Community Call is scheduled for:

📅 Wednesday, December 11
🕛 12:00 UTC (noon)
📍 On the Discord Stage

Come and hear about the future of GMX. Set a reminder:

🔸https://discord.gg/s3yzwKrh?event=1314607051246141440

Funding rates on #GMX have just been decreased for all Arbitrum markets! 🫐

The new market parameters substantially improve funding rates for traders, while keeping Open Interest well-balanced.

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🫐