Proposals are live for the creation of three Governance committees for the GMX DAO, as part of GMX's transition to decentralised on-chain governance:

🔹A Security Committee
🔹A Governance Committee
🔹A Listing Committee

Everyone is invited to contribute to the GMX project. As a community-driven protocol, GMX would not be where it is today without the valuable input of its many community contributors.

And users can support GMX in multiple ways. You can do so by spreading awareness of the products GMX offers, building useful community tools, or referring friends. You can do so as a GMX DAO delegate (on Tally), articulating the interests of other tokenholders and voting on their behalf.

You can also do so as a member of one of the three governance committees, if these proposals pass. Helping to steer and safeguard a specific aspect of the protocol that matches your expertise.

To learn more about the proposed Listing, Governance and Security Committee, and what their activities would be, see the three respective threads on the Governance forum:

🔹 https://t.co/KR4OK1IdAl
🔹 https://t.co/2vFgWdn5Au
🔹 https://t.co/sJcAefq8Bw

All community input is valued.

Are you interested in becoming a GMX DAO delegate? Please visit the Governance forum to learn more about the nomination process:

🔹 https://t.co/KLd9DxNgh4

Lastly, a reminder: tokenholders need to stake their GMX tokens to receive GMX_DAO tokens that allow you to participate in Governance on Tally.

Delegate these tokens to yourself or your chosen delegate on the Governance platform. You can also find the list of current GMX DAO delegates there:

🔹

The 'Buyback GMX and Distribute GMX' proposal, which would change the current revenue distribution model, has passed a Snapshot vote. It now moves on to an on-chain vote by the GMX DAO on Tally:

🔸 https://www.tally.xyz/gov/gmx

Delegates, please review the proposal and vote now.

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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!

1/3 🧵

An important Governance proposal is currently live on Snapshot:

🔸 Change GMX’s revenue distribution model from “Buyback ETH and Distribute ETH” to “Buyback GMX and Distribute GMX.”

Please cast your vote now: https://snapshot.org/#/gmx.eth

Live now on Avalanche: GMX Summer Boost

✅ Onchain traders enjoy a VIP discount of 75% on all GMX V2 trading fees
✅ LPs enjoy boosted rewards:
- Over 12% on BTC, ETH and AVAX single-sided liquidity
- 50% on AVAX, 40% on DOGE, and ~24% on ETH, BTC, and SOL when paired with USDC

The GMX DAO will host its first Governance call on Discord on Thursday, August 1, at 11 AM UTC.

Come and discuss the current governance proposals and the future of GMX with the DAO delegates.

View the event on Discord, and set a reminder: https://discord.com/events/837652500948713502/1264935657961160735

A new epoch of GMX's #Arbitrum STIP-B Campaign is starting:

✅ Increased yields on the GM pools for all liquidity providers
✅ A ~25% discount on GMX V2 trading fees for all traders

Trade onchain with self-custody, speed, and deep liquidity: http://app.gmx.io

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GMX is proud to announce the 8 grant recipients from wave 2 of the GMX Grants Program:

1️⃣. KnightSafe
2️⃣. Goldlink
3️⃣. Enzyme
4️⃣. Gloop
5️⃣. UniDex
6️⃣. Spectra
7️⃣. OpenOcean
8️⃣. GMX Funding Rate Arbitrage Bot

And this is what they are building on top of GMX:

1/12 🧵

Two Governance proposals are currently live on Snapshot:

🔸 Creating an ETH/USD [wstETH-USDe] market backed by @LidoFinance's wstETH & @Ethena_labs' USDe

🔸 Listing a BTC/USD market backed by tBTC from Threshold, @TheTNetwork

Please cast your votes now: https://snapshot.org/#/gmx.eth

The update to GMX's Multiplier Points system is now complete.

MPs have been converted to esGMX at a 25:1 ratio. The received esGMX can be vested based on a user's current averaged staked token amount.

This procedure is based on the prior Governance vote: https://snapshot.org/#/gmx.eth/proposal/0x28fba55e2d06f964be90fd0db3ba732dbd1a4297a6991177aff8dc333cecfe07

GMX has launched 2 new markets on #Arbitrum:

🔹 WIF/USD (perpetual & spot)
🔹 PEPE/USD (perpetual & spot)

Trade your favourite meme now on GMX V2, or provide liquidity to a GM pool to earn boosted rewards: ✅ http://app.gmx.io

1/3 🧵

An important Governance proposal is currently live on Snapshot:

🔸 Listing PEPE, SHIB and WIF markets on GMX V2 on #Arbitrum

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

Check out my delegate profile on @tallyxyz!
https://www.tally.xyz/profile/0x183D275AC4A046d549aD4dc89c41bff49D632Fa3?proof=0x359183da1f2604c88d6b7ce457b6ec3db8c8ba65ec44454013fbc5a87d392b1e

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.