GMX and the TON Foundation are collaborating, to push the boundaries of DeFi on decentralised, public blockchains:

As part of this initiative, the TON Foundation and GMX are launching a developer competition. We invite participants to design a cutting-edge Perpetual DEX on the $TON Blockchain, which achieves two key goals:

🔹 Drive innovation in high-frequency trading
🔹 Drive innovation in transaction fee optimisation

Through this collaboration, the TON Foundation seeks to leverage GMX’s extensive Perp DEX expertise, including on efficient, low-slippage trading and competitive fee structures.

GMX's focus is on supporting the evolution of trading on public blockchains, and the potential opportunities this creates for the GMX DAO.

Developers, founders, and projects within the TON ecosystem are encouraged to apply for the competition, which offers a chance to win GMX advisory services and TON Foundation support.

Apply here:

Announcing: X Spaces Live - an AMA session with GMX and the builders behind @Exit_Market, @UmamiFinance and @Bonsai_DAO:

📅 Thursday, December 19
⏰ 6 PM UTC / 1 PM ET

Set a reminder: https://x.com/i/spaces/1yoKMyawZpXKQ

An in-house SDK for #GMX has been developed and released. You can find it here:

✅ https://github.com/gmx-io/gmx-interface/tree/master/sdk

We hope it adds value for you, as GMX users and integrators. If there's anything that can be further optimised, please reach out on socials.

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The GMX developers have proposed an elaborate Development Plan for GMX v2.2 and v2.3 to the community. You can find the link below in the comments.

Alongside, all the following protocol refinements were realised in the last weeks:

🔸 Decreased the Funding Rates on GMX for all #Arbitrum markets

🔸 Introduced numerous new markets for traders and liquidity providers: FLOKI, MEW, MEME, BOME, FIL, XLM, RENDER, ADA, BCH, DOT, ICP, PENDLE, BONK, WLD, and TAO

🔸 Launched Single-Token Pools for SOL/USD and GMX/USD, allowing single-sided liquidity provision to these markets

🔸 Reduced Open and Close fees by 25% for the SOL/USD, DOGE/USD, and LINK/USD markets

🔸 Implemented Liquidation Fees for these same markets as a trial

🔸 Updated PEPE, SATS, and SHIB tokens to kPEPE, mSATS, and kSHIB for a better user experience

🔸 Deployed a new ChainlinkDataStreamProvider, allowing GMX to further reduce the spread

🔸 Re-deployed the ExchangeRouter and GlvRouter contracts to include additional functionality

🔸 Made improvements to the Pool selector, chart loading speed, and various other UX enhancements on the Trade page

GMX launches a new perpetual market on #Arbitrum, by popular demand:

🔸 FIL/USD (Filecoin)

Trade the FIL token permissionlessly with up to 50x. Your wallet, your funds, your trades!

$FIL @Filecoin #FIL

Starting Now ❗️

X Spaces live: Arbitrum & GMX DeFi Roundtable

Tune in:

Dear GMX community members, a crucial proposal has been shared on the Governance forum:

🔸"Development Plan: GMX v2.2 + v2.3" 🫐

Your input is appreciated; please join the discussion: http://gov.gmx.io

The next Governance Community Call is scheduled for:

📅 Wednesday, December 11
🕛 12:00 UTC (noon)
📍 On the Discord Stage

Come and hear about the future of GMX. Set a reminder:

🔸https://discord.gg/s3yzwKrh?event=1314607051246141440

Funding rates on #GMX have just been decreased for all Arbitrum markets! 🫐

The new market parameters substantially improve funding rates for traders, while keeping Open Interest well-balanced.

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🫐

A new single-sided SOL/USD [SOL] liquidity pool is now live on GMX!

This new Single-Token GM pool on @Arbitrum enables LPs to provide pure $SOL liquidity to the SOL/USD market, earning rewards while maintaining 100% SOL exposure.

Hold #SOL and Earn: http://app.gmx.io/earn

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GMX introduces another perpetual swap market on #Arbitrum:

🔸 XLM/USD (Stellar)

Trade the XLM token permissionlessly on-chain with up to 50x your collateral value. Your wallet, your funds, your trades.

@StellarOrg $XLM

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GMX has launched a new perpetual swap market on #Arbitrum due to popular demand:

🔸 RENDER/USD (Formerly RNDR)

Go Long or Short the RENDER token, straight from your own self-custody wallet, at http://app.gmx.io

@Rendernetwork $RENDER

GMX is launching another new perpetual swap market on #Arbitrum:

🔸 BCH/USD (Bitcoin Cash)

Long or Short the $BCH token from the comfort of your own DeFi wallet. Permissionless, intuitive, and with fast onchain execution.

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GMX is introducing a new perpetual swap market:

🔸 ADA/USD

Go Long or Short the @Cardano token, while benefitting from GMX's self-custody and lightning-fast onchain execution.

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GMX is introducing a 25% reduction of Open & Close fees on select markets:

On 4 December 2024, the SOL/USD, DOGE/USD, and LINK/USD markets will be the first markets to trial updated parameters, aimed at making trading more affordable and secure.

The Open and Close fees for all trades on these markets will be reduced to a flat 4.5 basis points, from the current rates of 7 bps / 5 bps.

Additionally, the newly activated liquidation fees (initial parameter: 20 basis points) will be implemented for these markets at the same time.

These updates aim to lower costs for all traders, support larger markets, and create a safer and more sustainable mechanism for liquidity providers absorbing liquidations.

Feedback and monitoring of these updates will be evaluated over several weeks, before considering application to additional markets.

Now live for trading: BOME (Book of Memes)

Welcome to GMX, BOME community members!

@BomeBookOfMemes @Darkfarms1 $BOME

MEME is now live for trading!

Welcome to GMX, @Memecoin and @Memeland community.

#MEME

Now live for trading: #Floki

Welcome to GMX, @RealFlokiInu community. Valhalla awaits!