In this article, we're going to uncover just how GMX will put to work the $12 million grant from #ArbitrumDAO .
We'll keep things simple and easy to understand!
Major Updates for GMX
GMX, a giant in the #DeFi space, has just hit a jackpot! Their brilliant proposal was given the thumbs up by the Arbitrum DAO.
What's the scoop? 12 million #ARB tokens will be distributed over GMX V2 and the Arbitrum DeFi ecosystem to fuel their growth. Mark your calendars because the action begins on Wednesday, 8 November!
💧 Liquidity Incentives
The #GMX Liquidity Incentives are all about rewarding those who contribute to the liquidity pool. It's a two-pronged approach:
- For GM Liquidity Providers: If you're adding to the liquidity pool, expect some $ARB love coming your way.
- For Migrating GLP Liquidity: Jump ship to GM pools and be greeted with incentives.
🔄 Trading Incentives
As you trade on GMX, you're not just making smart moves; you're also earning ARB tokens as trading fee rebates. These rebates are like a cashback that could cover your trading fees on GMX.
🤝 Grant Incentives
GMX is all about supporting growth and innovation. They've laid out three types of grant incentives:
- Micro Grants: Up to $10K for quick, innovative bursts.
- Open Grants: Up to $100K for ideas that make you go "Wow!"
- Requests For Proposal (RFPs): Tailored grants for bespoke solutions.
And that's it! With the ARB incentive program, GMX is creating waves, and you are welcome to join them on this exciting adventure.
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