🫐

A new Governance proposal is now live on Snapshot:

🔸 Implementation of GMX Liquidity Vaults (GLV) for Enhancing Liquidity

Please review the proposal and cast your vote now: https://snapshot.org/#/gmx.eth

Price impact on the Single-Token Pools for BTC and ETH on Arbitrum has been set to zero, effective immediately.

All trades on the BTC-USD [BTC] and ETH-USD [WETH] markets now benefit from zero price impact. To take advantage of this, select the BTC or ETH market in the trading interface, then choose the appropriate single-sided pool below the leverage slider.

Zero price impact is being introduced in these specific markets following a thorough risk review for market size and depth. The parameters will continue to be fine-tuned over time. This may include extending zero price impact to other markets, or adjusting the levels of price impact.

The GMX DAO will organise its second Governance community call on the Discord Stage on Wednesday, September 4, at 12:30 UTC.

Feel free to join and discuss the current governance proposals with the contributors and DAO delegates. Set a reminder on Discord:

🔸

Nominations are now open for GMX's Security Committee and Listing Committee.

Are you interested in joining one of these committees and supporting the community in the governance process? Learn more about these positions:

🔸 http://gov.gmx.io/t/gmx-listing-committee-nominations/
🔸 http://gov.gmx.io/t/gmx-security-committee-nominations/

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The SHIFT function is now live on GMX.

This new feature allows Liquidity Providers to instantly transfer their GM liquidity to other GM pools without paying any buy or sell fees.

All pools with the same underlying assets are eligible for SHIFT:

🔹 WETH-USDC liquidity can be freely moved between all 7 pools based on this liquidity pair: the ETH, DOGE, SHIB, XRP, LTC, NEAR and ATOM pools.

🔹 BTC-USDC liquidity can be freely moved between the BTC, STX and ORDI pools.

Find the SHIFT button on the Pools page: https://t.co/MnvZMQHHD5

SHIFT is also the underlying technology of the developed GLV Vault, which is currently being audited.

Liquidity deposited to the GLV vault will be dynamically shifted to the GM markets with the highest utilisation and demand. This optimises capital efficiency for Liquidity Providers, while simultaneously boosting market depth for GMX traders.

GMX has just launched 2 new perpetual futures markets on #Arbitrum:

🔹 ORDI/USDC
🔹 STX/USDC

Trade your favourite Bitcoin/BRC-20 asset now on GMX V2, or provide liquidity to earn pool fees plus bootstrap rewards: ✅ http://app.gmx.io

1/3 🧵

A new epoch of GMX's @Arbitrum STIP-Bridge Campaign starts now, with:

✅ A ~25% rebate on GMX V2 trading fees for all traders
✅ Increased rewards on the GM pools for LPs

Trade onchain with discounted fees, self-custody and fast execution: http://app.gmx.io

1/3

GMX is in the unique position to offer liquid markets for SOL/USDC and WIF/USDC on the Arbitrum blockchain. With healthy asset-backed markets bootstrapped, GMX users can now trade SOL and WIF on margin as well as spot.

The necessary SOL and WIF tokens were transferred over from Solana via @Portalbridge_, which is built on Wormhole's multi-chain technology platform.

Right now, the SOL/USDC market on @Arbitrum already offers ~$25M in liquidity, with another 700K available to GMX users trading SOL on @Avax.

And traders have been eagerly capitalising on this deep liquidity. The SOL market often has the highest utilisation of all V2 markets, making it an attractive option for liquidity providers.

Portal Bridge has also facilitated GMX's new market for WIF on Arbitrum. Thanks to the active @Dogwifcoin and @Solana communities, this market is already attracting substantial trading volume.

Interested in providing liquidity for SOL/USDC, WIF/USDC, or one of the other thriving GMX V2 markets? View the full list of GM pools at: https://t.co/MnvZMQH9Nx

You can transfer your tokens from Solana to #Arbitrum or #Avalanche via Wormhole, and mint GM liquidity tokens to support trading on GMX:

🔸 https://t.co/ZxbiY4FTLJ

To learn more about the advantages for liquidity providers on GMX V2, view the Documentation:

The following updates have been completed by GMX's development contributors over the past weeks:

🔸 GLV Vault that dynamically allocates capital to highly utilised GM pools completed; audit is now in progress

🔸 New meme Markets listed: WIF, PEPE & SHIB

🔸 Introduced revenue-earning assets for trading or as collateral: wstETH from @Lido and USDe from @Ethena_labs

🔸 Simplified trading; removed the confirmation modal

🔸 New TradingView header introduced with key market information

🔸 New, more convenient price decimal logic

🔸 Assorted UI tweaks and improvements

Live now on Avalanche: GMX Summer Boost

🔸 Lowest trading fees: 75% of all GMX V2 open & close fees are rebated
🔸 Boosted rewards for GM liquidity providers: earn AVAX on top of the fees earned from market making, swaps and margin trading

Trade now: https://app.gmx.io/#/trade

Two important Governance proposals are now live on Snapshot. These votes concern:

🔹 Listing markets for ApeCoin (APE)
🔹 Listing new markets for ORDI, SATS and STX

Please consider the proposals and vote now: https://snapshot.org/#/gmx.eth

GMX is launching a new market on @Arbitrum, following the recent introduction of WIF and PEPE:

🔹 SHIB/USD

Trade popular meme tokens now on GMX V2, or provide liquidity to a GM pool to earn boosted rewards: ✅ http://app.gmx.io

1/3 🧵

Proposals are live for the creation of three Governance committees for the GMX DAO, as part of GMX's transition to decentralised on-chain governance:

🔹A Security Committee
🔹A Governance Committee
🔹A Listing Committee

Everyone is invited to contribute to the GMX project. As a community-driven protocol, GMX would not be where it is today without the valuable input of its many community contributors.

And users can support GMX in multiple ways. You can do so by spreading awareness of the products GMX offers, building useful community tools, or referring friends. You can do so as a GMX DAO delegate (on Tally), articulating the interests of other tokenholders and voting on their behalf.

You can also do so as a member of one of the three governance committees, if these proposals pass. Helping to steer and safeguard a specific aspect of the protocol that matches your expertise.

To learn more about the proposed Listing, Governance and Security Committee, and what their activities would be, see the three respective threads on the Governance forum:

🔹 https://t.co/KR4OK1IdAl
🔹 https://t.co/2vFgWdn5Au
🔹 https://t.co/sJcAefq8Bw

All community input is valued.

Are you interested in becoming a GMX DAO delegate? Please visit the Governance forum to learn more about the nomination process:

🔹 https://t.co/KLd9DxNgh4

Lastly, a reminder: tokenholders need to stake their GMX tokens to receive GMX_DAO tokens that allow you to participate in Governance on Tally.

Delegate these tokens to yourself or your chosen delegate on the Governance platform. You can also find the list of current GMX DAO delegates there:

🔹

The 'Buyback GMX and Distribute GMX' proposal, which would change the current revenue distribution model, has passed a Snapshot vote. It now moves on to an on-chain vote by the GMX DAO on Tally:

🔸 https://www.tally.xyz/gov/gmx

Delegates, please review the proposal and vote now.

1/3

GMX announces a new market on @Arbitrum:

🔹 ETH/USD [wstETH/USDe]

Trade #Ethereum perpetual futures, supported by a liquidity pool with wrapped staked ETH (wstETH) from @LidoFinance and the USDe synthetic dollar from @Ethena_labs!

1/3 🧵

An important Governance proposal is currently live on Snapshot:

🔸 Change GMX’s revenue distribution model from “Buyback ETH and Distribute ETH” to “Buyback GMX and Distribute GMX.”

Please cast your vote now: https://snapshot.org/#/gmx.eth

Live now on Avalanche: GMX Summer Boost

✅ Onchain traders enjoy a VIP discount of 75% on all GMX V2 trading fees
✅ LPs enjoy boosted rewards:
- Over 12% on BTC, ETH and AVAX single-sided liquidity
- 50% on AVAX, 40% on DOGE, and ~24% on ETH, BTC, and SOL when paired with USDC

The GMX DAO will host its first Governance call on Discord on Thursday, August 1, at 11 AM UTC.

Come and discuss the current governance proposals and the future of GMX with the DAO delegates.

View the event on Discord, and set a reminder: https://discord.com/events/837652500948713502/1264935657961160735