GMX will host an X Space with strategy fund @D2_Finance and money market @Dolomite_io about the new d2USDC Strategy:

📅 June 18 at 1 PM UTC
⏰ https://x.com/i/spaces/1ynJOyyQQOyKR

Discover how d2USDC uses funding arbitrage, yield farming and volatility arbitrage to ensure competitive yield.

The Snapshot vote regarding the implementation of the update to the Multiplier Points system has ended. The community has signalled its preference for these follow-up steps:
• Set the MP emissions rate and max boost percentage to zero, once the required migration contract has been created.

• Users must hold esGMX/GMX tokens to be able to vest the esGMX tokens that Multiplier Points will be converted to.

View the Snapshot vote and the related proposal:

🔸

This new quest from @Layer3xyz's Infinity CUBEs Campaign helps you get started with GMX's liquidity pools, like the new single-sided GM pools for Bitcoin and Ethereum.

Buy any GM token and earn market-leading yield on your crypto, plus Layer3 Rewards:

🔸 https://app.layer3.xyz/quests/infinity-cubes-gmx

Attention all #DeFi Builders:

GMX announces the launch of wave 2 of the GMX Grants Program, following the success of the first wave and the recent approval of GMX's STIP-Bridge proposal by the Arbitrum DAO.

For the wave 2 grants, GMX will allocate around 600,000 ARB of incentives to the grantees, with a cap of 75,000 ARB per grant.

This grant allocation aims to support builders who are contributing to the further adoption of @Arbitrum by building on and integrating with GMX V2.

Projects can begin applying for the grants starting the 3rd of June. Please refer to this announcement on the GMX Governance forum:

🔸 https://t.co/uojWwOjRKs

Two important notes:

1) Those who have received an STIP-Bridge allocation, LTIPP grant, or a grant in wave 1 of the GMX Grants Program, will not be eligible for the wave 2 grants.

2) The total Grant budget is limited, and incoming applications will be reviewed in batches. Please submit your application in a timely manner to improve your chances of consideration.

The #Arbitrum DAO has accepted GMX's STIP-Bridge proposal and will distribute 5.4M of ARB tokens to GMX as ecosystem incentives.

🔸View the proposal: https://forum.arbitrum.foundation/t/gmx-stip-addendum/23484

Thanks to the Arbitrum DAO and its hardworking participants. Let's keep building better #DeFi together!

Three important Governance proposals are currently live on Snapshot:

1) Implementation of the MP Update
2) Updating the Maximum Leverage parameters
3) Establishing pools & markets for the GMX token

Please consider these proposals carefully, and vote now: https://snapshot.org/#/gmx.eth

GMX's dev contributors have completed the following GMX V2.1 contract updates over the last weeks: 🔹 Enhanced the token selection UX 🔹 Deployed contracts with new timestamp-based Chainlink Data Streams support on Avalanche Fuji for testing 🔹 Included pending borrowing fees in the GM APR and migrated it from subgraph to subsquid 🔹 Added a shift feature to allow zero-fee shifting of liquidity between GM pools 🔹 Added support for atomic withdrawals with an increased fee, allowing execution of withdrawals in a single transaction (a feature requested by lending protocols) 🔹 Added the option to apply a Kink model to the borrowing rate 🔹 Deployed the GMX DAO contract and set up the GMX Tally page 🔹 Added the option for deposit caps in USD 🔹 Added support for positive swap price impact in the input token, when the swap price impact pool is empty for the output token 🔹 Released a small enhancement that avoids double swaps when a user chooses to receive rewards in PnL tokens The updated contracts have not been deployed, they will only be deployed after the changes have been audited. This audit is starting next week.

GMX's new single-sided BTC pool currently offers 9.28% APR! Earn market-leading APRs on your BTC or ETH as well. Mint GM liquidity now: 🔸 https://t.co/jtu8bBlCUl 1/3