GMX

An important GMX Community Call has been scheduled:

Q&A Session and Presentation of the Proposals by the potential Bridging & Messaging Partners for GMX Multichain

All community members are invited to listen in to this Community Call on Google Meet, ask questions, and hear from the involved parties.

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📅 Date: Monday, 31 March

🕛 Start Time: 1:30 PM UTC | 9:30 AM ET | 5:30 PM UAE | 9:30 PM SGT
🕛 Expected End Time: 3 PM UTC | 11:00 AM ET | 7 PM UAE | 11 PM SGT

📍 Venue: Google Meet: https://t.co/GYEImVCluB

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The related discussion thread on the GMX Governance forum, including the bridging & messaging partners' submitted proposals, can be found here:

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Important security notice:

There appears to have been an exploit related to Abracadabra/Spell's cauldrons that utilise GM tokens, as noted by PeckShield and other security specialists monitoring the blockchain.

To clarify, no issues have been identified with GMX contracts, and they are not affected by this unfortunate situation.

We believe the issue relates solely to the Abracadabra/Spell cauldrons. These cauldrons allow for borrowing against specific GM liquidity tokens.

The contributors from Spell, GMX, and security researchers are currently investigating the cause of the issue.

A new Governance proposal is live on @Tallyxyz:

🔸 "Administration of Protocol Owned Liquidity"

Tokenholders, please review the proposal and cast your vote: https://www.tally.xyz/gov/gmx

A new market is now available for trading:

🔸 MKR/USD

Go Long or Short the @MakerDAO token with up to 50x, enjoying the GMX experience of self-custody and permissionlessness. Alternatively, provide liquidity to earn pool rewards.

$MKR

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Introducing a new market for traders and LPs on GMX:

🔸 OM/USD (Mantra)

You can now trade OM perpetual swaps directly from your wallet, enjoying self-custody, up to 50x leverage, and fast onchain execution on Arbitrum.

$OM @MANTRA_Chain

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A new market is now available for trading:

🔸 HYPE/USD

Long or Short the @HyperliquidX token with up to 50x, enjoying the GMX experience of self-custody and fast onchain execution, or provide liquidity to earn rewards.

$HYPE

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Introducing a new market for traders and LPs on GMX:

🔸 JUP/USD

You can now trade $JUP perpetual swaps directly from your own wallet, with self-custody, up to 50x leverage, and lightning-fast onchain execution on @Arbitrum.

@JupiterExchange

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6 important announcements from GMX in February that you may have missed:

1️⃣ Depth Charts are now available on GMX
2️⃣ GMX-Solana: Mainnet Beta is live
3️⃣ New conditional order type introduced: Stop Market
4️⃣ GMX Development Update
5️⃣ GMX Blueberry Club launches the GMX Pass, gamifying liquidity provision and boosting rewards
6️⃣ New markets created: SONIC, BERA, LDO, CAKE, AIXBT, FET, ONDO, VIRTUAL, and PENGU on @Arbitrum, plus TRUMP and MELANIA on @Avax

Details 👇

A new Governance proposal is now live on Snapshot:

🔸 "Decentralization of Fee Distribution Process"

Tokenholders, please review the proposal and cast your vote: https://snapshot.box/#/s:gmx.eth/

The next Governance Community Call for the GMX DAO has been scheduled:

📅 Thursday, 6 March
🕛 1:30 PM UTC / 8:30 AM EST / 9:30 PM SGT
📍 On the Discord Stage

Join us to learn about the current developments and future plans for GMX. Set a reminder: https://discord.com/events/837652500948713502/1346471140666638399

The following updates were completed by GMX's development contributors over the past weeks:

🔸 Depth Charts are now available for all markets, allowing users to visualise the deep liquidity of GMX. Helpful tooltips about price impact and execution pricing have also been added

🔸 Created new markets for SONIC, AIXBT, CAKE, ONDO, FET, VIRTUAL, PENGU, BERA, LDO, TRUMP, MELANIA, FARTCOIN, AI16Z and ANIME, providing many new opportunities for traders and liquidity providers

🔸 Redesigned the Tradebox, optimising it with a cleaner and simpler look, new informational tooltips, and improved tooltip placements

🔸 Introduced Stop Market orders, enabling you to automatically execute a stop-market order (either Long or Short) if a specified support/resistance level is breached

🔸 Consolidated all token approval actions into the CTA buttons for clarity and smooth trade flow.

🔸 Updated the SDK to include fixed method signatures, better error logging and handling, and an improved ReadMe file, making it easier to integrate with GMX

🔸 Implemented a new, more reliable Profit & Loss calculation method allowing for more consistent, smoother PnL updates

🔸 Updated the Ecosystem page to feature new GMX integrations and collaborators

🔸 Launched a Dune Dashboard for 'Net Funding and Borrowing Rates', providing added-value for Arbitrage traders

🔸 Added the display of Annualised Fee Values to the dApp Dashboard's weekly fee tooltip

By popular demand, a new order type for traders is now live on #GMX:

🔸"Stop Market"

This order type allows you to set a resistance price point as a trigger, and automatically activate a stop-market order if that resistance level is breached.

A new market is now available for traders and LPs:

🔸 CAKE/USD

Trade the @PancakeSwap token with up to 50x, enjoying self-custody and fast onchain execution on Arbitrum, or provide liquidity to earn rewards.

$CAKE

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Now live on GMX:

🔹AIXBT/USD

Traders can Long or Short the aixbt token with up to 50x leverage, enjoying self-custody and fast execution on Arbitrum.

Liquidity providers can mint GM to earn pool fees, or buy $GLV to automatically earn from the top-performing pools on GMX.

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New opportunity for traders and LPs on GMX:

🔸 S/USD

Trade the new Sonic token directly from your own wallet, with self-custody, up to 50x leverage, and fast onchain execution on @Arbitrum.

@SonicLabs $S

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Now live on GMX:

🔹FET/USD

Traders can Long or Short the FET token with up to 50x leverage, enjoying self-custody and quick execution on Arbitrum.

Liquidity providers can mint GM to earn pool rewards, or buy $GLV to automatically earn from the top-performing pools on GMX.

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A new market is now available for traders and LPs:

🔸 ONDO/USD

Trade and benefit from the #GMX experience of self-custody and fast onchain execution on @Arbitrum, or provide GM or GLV liquidity to earn rewards.

@OndoFinance $ONDO

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🫐

PENGU is now live for trading on GMX.

Long or Short #Pengu with up to 50x leverage, benefiting from reliable Chainlink Data Streams price data and GMX's fast on-chain execution on @Arbitrum.

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