GMX just dropped a new ETH-USD market on Arbitrum! ๐ฅ๐
This new market is backed by wstETH (from #Lido ) and USDe (from $ENA ), giving you more ways to trade $ETH . You can swap, margin trade, hedge, and even earn rewards!
Here's the breakdown: ๐ป๐๐
(1) Faster and more secure: $LINK Data Streams powers the market for super fast updates and better security. ๐ฅ
(2) More ways to earn: You can earn rewards from staking wstETH, earning Ethena points, and providing liquidity. ๐ค
(3) Boost your capital: Use either wstETH or USDe as collateral, giving you more flexibility.๐ช
This is a big deal for DeFi! ๐ GMX is really stepping up their game with this new market. Let's see how it goes! DYOR!! #Altcoins