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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. ___ 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: ✅

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🔹 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! 🫐

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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

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The following updates have been completed by GMX's development contributors over the past weeks: 🔸 Achieved major improvements in optimising https://t.co/OD4zHYFkKG dApp performance, speeding up load times by 2.5x. 🔸 Worked with the GMX-Solana contributors on the next steps for bringing GMX to the Solana blockchain, including partnering with Chainlink Data Streams and starting the code audit 🔸 Created new markets for traders and pools for liquidity providers: APE, SEI, SUI, APT, TIA, POL, TON and TRX 🔸 Introduced BB&D, with the protocol transitioning to GMX token repurchases and staking rewards being received in GMX tokens rather than ETH/AVAX 🔸 Introduced Take-Profit and Stop-Loss orders on GMX automatically cancelling when the position they're linked to is fully closed 🔸 Polished the GLV dashboard and optimised the GLV vault balancing, asset caps, and liquidity shift frequency 🔸 Improved the Trade-box and Earn & Pool pages with minor UI changes and optimisations 🔸 Switched to an updated Chainlink data feed for wstETH, updating the configs for the wstETH markets and removing the 1% sell fee introduced to prevent toxic flow

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GMX has launched two new perpetual swap markets: 🔸 TON/USD 🔸 TRX/USD Trade TON from @Toncoin or TRX from @Trondao directly from your self-custody wallet, and take advantage of GMX's deep liquidity and fast onchain execution! --- Both markets are synthetic and facilitated by underlying WETH-USDC liquidity pools. These two GM pools are also included in GLV [WETH-USDC], the new highly-performant GMX Liquidity Vault. GLV is essentially an enhanced version of GLP: it is the index pool of synthetic GM Markets, with your liquidity automatically rebalanced to its best-performing markets. This unique mechanism allows GLV to support a theoretically infinite number of markets simultaneously. The automatic rebalancing process optimises capital efficiency for GLV liquidity providers, as it channels their deposited funds to the markets with the highest utilisation and returns. Trade the new markets on @Arbitrum, or purchase GLV to earn from the top-performing pools on GMX automatically: ➡️

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