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Joshua Xie
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Twitter: @JoshXie1 Investor of ETH; CPA CFA MBA MD PhD LLM
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Unlocking DeFi’s toolbox, the booming options protocol on Arbitrum#arbitrum #DeFi #期权 #Dopex #JonesDAO background Recently, many project officials tweeted "Monday" activities, which triggered everyone's speculation about the Arbitrum airdrop. Although the marketing activities caused short-term emotions, Aribitrum still has a solid fundamentals of ranking first in L2 with a TVL of 1.8 billion US dollars. There are many high-quality DeFi projects on Arbitrum, which are the key to attracting funds: GMX’s good on-chain contract trading experience attracts a large number of real users to enter transactions, and the increase in transactions requires better liquidity: innovative passive income products are to attract liquidity Another flywheel for providers: including income strategies around GLP, providing real income through option premiums, etc.

Unlocking DeFi’s toolbox, the booming options protocol on Arbitrum

#arbitrum #DeFi #期权 #Dopex #JonesDAO

background

Recently, many project officials tweeted "Monday" activities, which triggered everyone's speculation about the Arbitrum airdrop. Although the marketing activities caused short-term emotions, Aribitrum still has a solid fundamentals of ranking first in L2 with a TVL of 1.8 billion US dollars. There are many high-quality DeFi projects on Arbitrum, which are the key to attracting funds: GMX’s good on-chain contract trading experience attracts a large number of real users to enter transactions, and the increase in transactions requires better liquidity: innovative passive income products are to attract liquidity Another flywheel for providers: including income strategies around GLP, providing real income through option premiums, etc.
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GMX: A decentralized derivatives exchange that grows against the trend in the bear marketBackground: There are huge opportunities for decentralized derivatives trading Since the beginning of 2022, the market value of cryptocurrency has fallen from US$2.2 trillion to US$850 billion. The long bear market has greatly affected investor confidence and speculative demand. The total lock-up value (TVL) of the DeFi protocol has also dropped from US$167 billion at the beginning of the year. to $44 billion. However, GMX, the decentralized perpetual contract trading protocol launched in August 21, has emerged from the bear market independently: TVL denominated in US dollars has grown steadily, and its market value has reached nearly US$300 million. Chart 1: GMX’s TVL and market cap have grown over the past 12 months

GMX: A decentralized derivatives exchange that grows against the trend in the bear market

Background: There are huge opportunities for decentralized derivatives trading

Since the beginning of 2022, the market value of cryptocurrency has fallen from US$2.2 trillion to US$850 billion. The long bear market has greatly affected investor confidence and speculative demand. The total lock-up value (TVL) of the DeFi protocol has also dropped from US$167 billion at the beginning of the year. to $44 billion. However, GMX, the decentralized perpetual contract trading protocol launched in August 21, has emerged from the bear market independently: TVL denominated in US dollars has grown steadily, and its market value has reached nearly US$300 million.

Chart 1: GMX’s TVL and market cap have grown over the past 12 months
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