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GMX
@GMX_IO
Decentralized perpetual exchange, trade BTC, ETH and more with with up to 50x leverage directly from your wallet.
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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!
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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:
➡️
🔸 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:
➡️
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:
🔸 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:
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.
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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:
👉
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.
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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:
👉
GMX has achieved significant improvements in optimizing dApp performance recently, including:
🔸 Faster loading times for positions
🔸 Quicker retrieval of market data
🔸 Reduced time for chart candles to display
🔸 Improved JavaScript execution speed
Overall, the responsiveness and speed of the user interface — especially on the trade page — have been notably enhanced, resulting in load times that are now 2.5 times faster!
The reliability of reading RPC data for displaying information in the interface has also dramatically increased, along with its speed.
The attached graphic illustrates the striking improvements in page load times:
🔸 Faster loading times for positions
🔸 Quicker retrieval of market data
🔸 Reduced time for chart candles to display
🔸 Improved JavaScript execution speed
Overall, the responsiveness and speed of the user interface — especially on the trade page — have been notably enhanced, resulting in load times that are now 2.5 times faster!
The reliability of reading RPC data for displaying information in the interface has also dramatically increased, along with its speed.
The attached graphic illustrates the striking improvements in page load times:
GMX is launching two new synthetic markets:
🔸 SUI/USD
🔸 SEI/USD
Go Long or Short on the popular SUI and SEI tokens directly from your self-custody wallet, and take advantage of GMX's rapid onchain execution.
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Both markets are synthetic perpetual swaps, facilitated by underlying WETH-USDC liquidity pools. These two GM pools are also included in GLV [WETH-USDC], the new GMX Liquidity Vault.
By adding these markets to the GMX Liquidity Vault, liquidity will automatically shift to these pools to meet the demand from traders. This unique rebalancing mechanism enables $GLV to effectively support numerous synthetic markets simultaneously.
GLV ensures that liquidity constantly flows to the pools that require it the most. This optimises capital efficiency for GLV liquidity providers, by channelling their deposited funds to the markets with the highest utilisation and returns.
Trade the new markets on @Arbitrum, or purchase GLV and earn from the top-performing pools on GMX automatically:
➡️
🔸 SUI/USD
🔸 SEI/USD
Go Long or Short on the popular SUI and SEI tokens directly from your self-custody wallet, and take advantage of GMX's rapid onchain execution.
---
Both markets are synthetic perpetual swaps, facilitated by underlying WETH-USDC liquidity pools. These two GM pools are also included in GLV [WETH-USDC], the new GMX Liquidity Vault.
By adding these markets to the GMX Liquidity Vault, liquidity will automatically shift to these pools to meet the demand from traders. This unique rebalancing mechanism enables $GLV to effectively support numerous synthetic markets simultaneously.
GLV ensures that liquidity constantly flows to the pools that require it the most. This optimises capital efficiency for GLV liquidity providers, by channelling their deposited funds to the markets with the highest utilisation and returns.
Trade the new markets on @Arbitrum, or purchase GLV and earn from the top-performing pools on GMX automatically:
➡️
The GMX DAO will be hosting its third Governance Community Call on the Discord Stage on Tuesday, October 22 at 11:30 am UTC.
Feel free to join and discuss the current governance proposals with contributors and DAO delegates. Set a reminder on Discord:
🔸https://discord.com/events/837652500948713502/1296434255030911067 https://x.com/GMX_IO/status/1847230149487391053/photo/1
Feel free to join and discuss the current governance proposals with contributors and DAO delegates. Set a reminder on Discord:
🔸https://discord.com/events/837652500948713502/1296434255030911067 https://x.com/GMX_IO/status/1847230149487391053/photo/1
GMX has just launched 3 new synthetic markets:
🔸 PEPE/USD
🔸 AAVE/USD
🔸 UNI/USD
These new synthetic perpetual swap markets allow users to trade PEPE, AAVE and UNI directly from their own wallet, while taking advantage of GMX's rapid onchain execution and auto-optimising liquidity.
All three markets are backed by underlying WETH-USDC liquidity pools, allowing them to be integrated into GLV [WETH-USDC].
By including these markets in the GMX Liquidity Vault, liquidity automatically shifts to these pools when there is an increase in demand from traders. This mechanism guarantees that liquidity constantly flows to the markets that need it most.
Additionally, GLV optimises capital efficiency for liquidity providers by directing their funds to the markets with the highest utilisation and returns.
Trade the new markets on @Arbitrum, or provide WETH/USDC liquidity to GLV and earn from the highest-performing pools on GMX automatically:
➡️
🔸 PEPE/USD
🔸 AAVE/USD
🔸 UNI/USD
These new synthetic perpetual swap markets allow users to trade PEPE, AAVE and UNI directly from their own wallet, while taking advantage of GMX's rapid onchain execution and auto-optimising liquidity.
All three markets are backed by underlying WETH-USDC liquidity pools, allowing them to be integrated into GLV [WETH-USDC].
By including these markets in the GMX Liquidity Vault, liquidity automatically shifts to these pools when there is an increase in demand from traders. This mechanism guarantees that liquidity constantly flows to the markets that need it most.
Additionally, GLV optimises capital efficiency for liquidity providers by directing their funds to the markets with the highest utilisation and returns.
Trade the new markets on @Arbitrum, or provide WETH/USDC liquidity to GLV and earn from the highest-performing pools on GMX automatically:
➡️
The following updates have been completed by GMX's dev contributors over the past weeks:
🔸 Integrated Chaos Labs’ dynamic Edge Risk Oracles live in production, boosting protocol efficiency and response times
🔸 Created new markets for traders and pools for liquidity providers: EIGEN/USD & SATS/USD
🔸 Launched GLV, the dynamically rebalancing GMX Liquidity Vault, on Avalanche
🔸 Completed the code for the contract to buyback GMX, as part of the 'Buyback & Distribute' proposal that the DAO has voted to implement
🔸 Coded an updated RewardRouterV2 contract to support distributing protocol rewards in the GMX token
🔸Improved internal GLV rebalancing and Risk Oracle syncing stability
🔸 Completed various UX and RPC-related updates to further improve platform reliability
🔸 Finished several UI updates to streamline the dApp display and Trade box
🔸 Integrated Chaos Labs’ dynamic Edge Risk Oracles live in production, boosting protocol efficiency and response times
🔸 Created new markets for traders and pools for liquidity providers: EIGEN/USD & SATS/USD
🔸 Launched GLV, the dynamically rebalancing GMX Liquidity Vault, on Avalanche
🔸 Completed the code for the contract to buyback GMX, as part of the 'Buyback & Distribute' proposal that the DAO has voted to implement
🔸 Coded an updated RewardRouterV2 contract to support distributing protocol rewards in the GMX token
🔸Improved internal GLV rebalancing and Risk Oracle syncing stability
🔸 Completed various UX and RPC-related updates to further improve platform reliability
🔸 Finished several UI updates to streamline the dApp display and Trade box
GMX introduces a new perpetual futures market on @Arbitrum:
🔸 SATS/USD (Ordinals)
Trade the 'most memeable memecoin on Bitcoin Chain' on GMX, or provide BTC/USDC liquidity to earn rewards from pool fees at:
➡️ https://t.co/DIjfl1FsOJ
The new SATS/USD perpetual swap market allows users to trade the BRC-20 token SATS with up to 50x, directly from their personal wallet.
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Liquidity providers, please note that this is a synthetic market backed by an underlying BTC/USDC liquidity pool. This means liquidity for the SATS market is provided as BTC or USDC, and LPs in the GM: SATS/USD pool hold a roughly 50/50 mix of those two assets.
The SATS/USD market has also been included in GLV [BTC/USDC], the newly introduced GMX Liquidity Vault. Adding the new market to GLV ensures that liquidity can always meet trading demand, as GLV dynamically shifts its liquidity to the markets with the highest utilisation.
To learn more about how synthetic markets work on GMX, visit:
➡️
🔸 SATS/USD (Ordinals)
Trade the 'most memeable memecoin on Bitcoin Chain' on GMX, or provide BTC/USDC liquidity to earn rewards from pool fees at:
➡️ https://t.co/DIjfl1FsOJ
The new SATS/USD perpetual swap market allows users to trade the BRC-20 token SATS with up to 50x, directly from their personal wallet.
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Liquidity providers, please note that this is a synthetic market backed by an underlying BTC/USDC liquidity pool. This means liquidity for the SATS market is provided as BTC or USDC, and LPs in the GM: SATS/USD pool hold a roughly 50/50 mix of those two assets.
The SATS/USD market has also been included in GLV [BTC/USDC], the newly introduced GMX Liquidity Vault. Adding the new market to GLV ensures that liquidity can always meet trading demand, as GLV dynamically shifts its liquidity to the markets with the highest utilisation.
To learn more about how synthetic markets work on GMX, visit:
➡️
The WIF and PEPE markets on GMX on #Arbitrum have recently been the top performers for GM liquidity providers. The rewards earned in these two pools are exceptional due to their high utilisation — traders love memes.
Trade PEPE or WIF permissionlessly on-chain, or provide liquidity for WIF/USDC or PEPE/USDC and earn on your meme tokens: https://t.co/DIjfl1FsOJ
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🔸Outperforming Benchmarks
The @pepecoineth and @dogwifcoin pools have also shown superior returns over a longer timeframe. They significantly outperformed the benchmark of a regular rebalancing 50/50 LP position over the last 3 months.
Virtually all of the GM pools are outperforming their rebalancing 50/50 counterparts, highlighting the value of being an LP in GMX's GM pools:
Other notable GM performers include the BTC/USD [BTC] pool. By providing single-sided BTC liquidity to a BTC/USD market, you can earn ~10% annually on your Bitcoin.
Thanks to zero price impact being activated on the single-token BTC/USD [BTC] and ETH/USD [WETH] pools, volume and LP rewards have significantly increased. The absence of price impact is a very attractive feature for big traders.
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🔸Understanding Your Exposure
What is your exact exposure as an LP in a GM pool? Liquidity providers:
- are exposed to the price movements of the underlying assets.
- are counterparty to the traders, and exposed to trader PnL at times when that GM market isn't 50:50 balanced between Longs:Shorts.
- earn fees from the pool at the listed reward rate.
Please note that the returns listed on https://t.co/MnvZMQH9Nx do not include price changes of the underlying token(s) or traders' Profit & Loss. They purely reflect the fees LPs earn from leverage trading, borrowing fees and swaps. These fees are auto-compounded, automatically increasing the price of your GM tokens.
All in all, the GM pools of GMX V2 have generated nearly $66 Million in revenue over 13 months:
Trade PEPE or WIF permissionlessly on-chain, or provide liquidity for WIF/USDC or PEPE/USDC and earn on your meme tokens: https://t.co/DIjfl1FsOJ
-----
🔸Outperforming Benchmarks
The @pepecoineth and @dogwifcoin pools have also shown superior returns over a longer timeframe. They significantly outperformed the benchmark of a regular rebalancing 50/50 LP position over the last 3 months.
Virtually all of the GM pools are outperforming their rebalancing 50/50 counterparts, highlighting the value of being an LP in GMX's GM pools:
Other notable GM performers include the BTC/USD [BTC] pool. By providing single-sided BTC liquidity to a BTC/USD market, you can earn ~10% annually on your Bitcoin.
Thanks to zero price impact being activated on the single-token BTC/USD [BTC] and ETH/USD [WETH] pools, volume and LP rewards have significantly increased. The absence of price impact is a very attractive feature for big traders.
-----
🔸Understanding Your Exposure
What is your exact exposure as an LP in a GM pool? Liquidity providers:
- are exposed to the price movements of the underlying assets.
- are counterparty to the traders, and exposed to trader PnL at times when that GM market isn't 50:50 balanced between Longs:Shorts.
- earn fees from the pool at the listed reward rate.
Please note that the returns listed on https://t.co/MnvZMQH9Nx do not include price changes of the underlying token(s) or traders' Profit & Loss. They purely reflect the fees LPs earn from leverage trading, borrowing fees and swaps. These fees are auto-compounded, automatically increasing the price of your GM tokens.
All in all, the GM pools of GMX V2 have generated nearly $66 Million in revenue over 13 months:
