GMX announces a new market on @Arbitrum: 🔹 ETH/USD [wstETH | GMX en Binance Square

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GMX announces a new market on @Arbitrum:
🔹 ETH/USD [wstETH/USDe]
Trade #Ethereum perpetual futures, supported by a liquidity pool with wrapped staked ETH (wstETH) from @LidoFinance and the USDe synthetic dollar from @Ethena_labs!
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GMX introduces two new perpetual swap markets: 🔸 TIA/USD (from @CelestiaOrg) 🔸 APT/USD (from @Aptos) Go Long or Short on the TIA or APT token with lightning-fast onchain execution straight from your self-custody wallet; no deposit required! --- These new markets are synthetic perpetual futures, supported by underlying WETH-USDC liquidity pools. Both GM pools have also been added to GLV [WETH-USDC], the innovative GMX Liquidity Vault. By adding these markets to the GMX Liquidity Vault, liquidity will automatically shift to these pools to meet trader demand. This unique mechanism allows GLV to support numerous synthetic markets simultaneously. GLV can be viewed as an enhanced version of the GLP pool from GMX V1. It acts as an index of GM pools, dynamically rebalancing its liquidity to the best-performing pools, thereby generating fees from all of them. Consequently, GLV offers liquidity providers a balanced product with stable risk-adjusted returns and optimal capital efficiency. Trade the new markets on @Arbitrum, or purchase GLV to automatically earn from the top-performing pools on GMX: ➡️

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New Take-Profit and Stop-Loss orders on GMX will now be automatically cancelled when the position they're linked to is fully closed. You can disable this feature in the Settings menu, if you wish. https://x.com/GMX_IO/status/1851952013661163629/photo/1

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Reward distribution in GMX tokens is now live! This completes the transition from the previous model based on ETH rewards to the new "Buyback and Distribute GMX" model. 🔸 The first distribution of rewards in GMX tokens just took place today. 🔸 30% of GMX V1 fees and 27% of GMX V2 fees are allocated to buy back GMX tokens for distribution. 🔸 The buyback process allows anyone to deposit GMX tokens in exchange for the currently pending fees. For more details, please visit:

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GMX-Solana — the community-driven sister project that is bringing GMX V2 to Solana — is adopting @Chainlink Data Streams as its data oracle solution. This integration will provide @GMX_SOL with on-demand access to high-frequency market data backed by battle-tested, decentralised infrastructure. The soon-to-launch GMX-Solana Perp DEX will utilise Data Streams on @Solana to help secure execution prices, funding rate calculations, liquidations, and other features that require robust, low-latency market data. ----- GMX-Solana is an extension of GMX on the Solana blockchain, dedicated to providing traders with an efficient, transparent, and decentralised platform for perpetual trading. It aims to achieve the trinity of decentralised leverage trading: 🔸Barrier-free creation of markets and pools 🔸Barrier-free utilisation of advanced trading strategies 🔸Barrier-free entry into market-making GMX-Solana will support hundreds of assets, democratised liquidity provision through GLV, an innovative Trade-to-Mint economic model, and unrivalled execution speed — enabling highly-performant self-custody trading without intermediaries. Learn more on the GMX News blog: 👉

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🫐 https://x.com/GMX_IO/status/1850958712850247902/photo/1

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