GMX $GMX is a suite of products that includes decentralized Spot and Perpetual exchanges with low fees and no slippage.
GMX has a strong revenue sharing model, an impressive liquidity pool model, and has the potential to put GMX among the best DEXs today.
GMX floor is considered user-friendly. Smooth trading experience and system provides users with complete data. Whenever entering or closing a trading position, it's easy to find the collateral size, leverage amount, entry price, liquidation price, fees, available liquidity, slippage, spreads and PnL (profit and loss).
Some risks for GMX include:
Although GMX has an impressive revenue sharing model, the revenue structure of the GMX protocol is based on the fact that the house wins (this is the same as other CEX exchanges).
GMX impresses with its high APR/APY ratio, but one thing is for sure, this high APR/APY ratio will not last forever. When more users come to GMX, this interest rate will certainly decrease.
GMX really only started operating around September 2021, and more than half of it was in a bear market, so it's hard to judge how it's performing on the upside.
The GMX token itself is also a coin with many uses. Therefore, if you are looking for a Defi project to invest, you can consider buying GMX coin with a small amount of capital. Surely, when the market recovers, GMX price will increase and bring you a lot of profits.
