GMX is launching another new perpetual swap market on #Arbitrum:

🔸 BCH/USD (Bitcoin Cash)

Long or Short the $BCH token from the comfort of your own DeFi wallet. Permissionless, intuitive, and with fast onchain execution.

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GMX is introducing a new perpetual swap market:

🔸 ADA/USD

Go Long or Short the @Cardano token, while benefitting from GMX's self-custody and lightning-fast onchain execution.

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GMX is bringing two new perpetual swap markets to #Arbitrum:

🔸 DOT/USD (Polkadot)
🔸 ICP/USD (Internet Computer)

Go Long or Short the DOT or ICP token with up to 50x, straight from your own self-custody wallet! No depositing is required.

$DOT @Polkadot $ICP @Dfinity

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.

Now live for trading: BOME (Book of Memes)

Welcome to GMX, BOME community members!

@BomeBookOfMemes @Darkfarms1 $BOME

MEME is now live for trading!

Welcome to GMX, @Memecoin and @Memeland community.

#MEME

Now live for trading: #Floki

Welcome to GMX, @RealFlokiInu community. Valhalla awaits!

MEW is now live for trading.

Welcome to GMX, @Mew community. It's indeed a cat in a dog's world!

GMX introduces a Single-Token Pool for the GMX/USD market:

🔸 GMX/USD [GMX]

This single-asset GM pool enables Liquidity Providers to supply 100% GMX liquidity to the GMX market, helping them avoid impermanent loss. The new pool complements the existing GMX/USD [GMX/USDC] pool.

GMX is thrilled to introduce a new market on @Arbitrum:

🔸 PENDLE/USD

Go Long or Short the @Pendle_fi token or trade PENDLE on Spot, while benefitting from GMX's self-custody and lightning-fast onchain execution.

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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.

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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

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Trade the new markets on @Arbitrum, or mint GLV now to earn from GMX's best-performing liquidity pools automatically:

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Open Interest on GMX has reached a new all-time high today, coinciding with the new all-time high for Bitcoin.

🫐

The GMX DAO has recently elected committees for Governance, Listing, and Security to support these critical functions in the GMX ecosystem. A related Governance proposal is now live on @Tallyxyz:

🔸 "Proposal for GMX Committee Payments"

Please vote now:

A new Governance proposal is live on Snapshot:

🔸 "Proposal to Transfer USDC and GMX tokens to GMX-Solana for Initial Liquidity Provision"

Please consider the proposal and vote now: https://snapshot.org/#/gmx.eth

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.

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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.

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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:

✅

🔹 TVL: $700 Million
🔹 24h Volume: $610 Million
🔹 Open Interest: $300 Million...

Thank you to the 700,000+ GMX users who have supported permissionless, onchain trading! 🫐

🫐

A new Governance proposal is currently live on Snapshot:

🔸 "Updating Liquidation Mechanics on GMX V2"

Please consider the proposal and vote now: https://snapshot.org/#/gmx.eth