Live now on Avalanche: GMX Summer Boost ✅ Onchain traders e | GMX på Binance Square

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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

#BTC #AVAX #ETH #DOGE #USDC

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The following updates have been completed by GMX's development contributors over the past weeks: 🔸 Two GMX Liquidity Vaults are now live: ETH-USD and BTC-USD GLV is an index of all GM pools with common collateral. It simplifies liquidity provision by dynamically optimising liquidity between its GM pools. 🔸 Completed various UI and UX changes improving the trading experience 🔸 Set price impact on GMX's Single-Token Pools for BTC/USD and ETH/USD on Arbitrum to zero, following risk review 🔸 Started on contract changes to support the adopted 'Buyback & Distribute GMX' proposal 🔸 Created new markets: ORDI/USD, STX/USD & BTC/USD [TBTC] 🔸 Implemented various RPC optimisations 🔸 Enabled a 'Kink' borrowing model 🔸 Fixed empty pool issue on the Buy GLV page, and similar UI tweaks

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A new Governance proposal is now live on Snapshot: 🔸 Integration of Chaos Labs' Risk Oracles into GMX Please review the proposal and cast your vote now: https://snapshot.org/#/gmx.eth

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The second GMX Liquidity Vault is now live: GLV [BTC-USDC] ! GLV functions as a liquidity-optimising vault. The vault is an index of all GM pools that have identical collateral, in this case: BTC-USDC collateral. It automatically rebalances this BTC-USDC liquidity across its GM pools based on their utilisation and demand. As a result, GLV provides liquidity providers with a balanced instrument offering stable risk-adjusted returns and optimised capital efficiency. GLV [BTC-USDC] on @Arbitrum is a vault for GMX's Bitcoin-related markets. It can be purchased with BTC, USDC, or any of its underlying GM pool tokens: BTC/USD, ORDI/USD, and STX/USD. Purchasing GLV with any of its underlying GM tokens does not incur any fees, thanks to GMX's newly introduced SHIFT functionality. Buy GLV, and automatically earn fees from the best-performing GM pools on GMX: 🔸https://t.co/eY0w52l4tb All early GLV holders benefit from liquidity incentives on top, thanks to GMX's ongoing Arbitrum STIP-Bridge campaign. These additional rewards will be airdropped to your wallet on Wednesday, after each weekly epoch concludes.

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Epoch 11 of GMX's #Arbitrum STIP-Bridge Campaign has started: ✅ Traders enjoy a ~25% rebate on GMX V2 trading fees ✅ LPs receive bonus ARB rewards on GM liquidity pools, as well as the new GLV liquidity vault Trade and Earn, securely onchain: http://app.gmx.io 1/3 🧵

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