ARB++ Goes Live: Transparent Multi-Strategy Hedge Fund on Arbitrum

GMX's three-month GLV retention program ends **November 14**, with a **$500,000 bonus** distributed to qualifying holders. **Eligibility Requirements:** - Hold allocated GLV tokens for full three months - Keep tokens in same wallet (claimed or unclaimed) - No selling or transferring allowed **Key Actions:** - Unclaimed GLV still available at [GMX dApp](https://app.gmx.io/#/stake) - GLP V1 fully deprecated - sell remaining tokens at [legacy app](https://v1.app.gmx.io/#/sell_glp) - Bonus distribution announcement coming soon This concludes GMX's transition from GLP V1 to the new GLV token system, rewarding loyal holders who maintained their positions throughout the retention period.

GMX DAO has released a new proposal detailing how funds will be distributed to users affected by the **Archi Finance incident** following the July GLP vulnerability in GMX V1. **Key Details:** - Distribution plan addresses funds stuck in Archi Finance after the protocol was abandoned - Part of GMX's commitment to compensate users affected by the July security vulnerability - Original incident involved a potential $42M exploit that was prevented by a white hat hacker - $5M bounty was paid to the security researcher who secured the funds The proposal aims to deliver the **fairest possible outcome** for affected Archi Finance users despite the protocol's abandonment. [Read the full proposal](https://gov.gmx.io/t/archi-finance-security-incident-distribution/4906/5)

**GMX is upgrading its Solana deployment interface** at [gmxsolana.io](https://gmxsolana.io/) The decentralized exchange is **refining the user experience** for its beta version on Solana, following previous major interface improvements made to the main GMX dApp. **Key developments:** - Beta testing now available for Solana users - Interface refinements in progress - Part of GMX's broader UI enhancement strategy This follows GMX's recent comprehensive dApp upgrade that included: - Complete interface revamp with new styling - Streamlined navigation menu - New light theme option - Improved readability and usability **Try the beta** and provide feedback to help shape the final Solana deployment.

GMX has **revamped its Earn page** to better serve its 20,000+ users who stake or provide liquidity. The updated interface includes three key sections: - **Discover**: Explains GMX's decentralized trading platform and the three ecosystem tokens ($GMX, $GLV, $GM) users can earn yield on. Features FAQ and current top yield opportunities. - **Portfolio**: Provides a complete overview of wallet holdings including GMX/esGMX and GLV/GM positions. Users can view staking and liquidity positions, claim rewards, and get asset recommendations. - **Additional Opportunities**: Showcases ecosystem products built on GMX infrastructure like looping strategies and lending. Includes personalized 'For Me' page filtering owned assets and highlighting yield opportunities. The redesign aims to simplify navigation for both new and existing users while maximizing earning potential. [Explore the new Earn page](https://app.gmx.io/#/earn/1/4)

**GMX attracts over 14,000 liquidity providers** earning from three revenue streams: market-making, swaps, and borrowing fees. **SOL/USD pool performance highlights:** - $11M in liquidity at ~90% utilization - **32.52% Fee APR** over the last month - Extra **38% APR** above benchmark (corrected from initial 3.8%) - Significantly outperforming JLP **Key advantages for liquidity providers:** - Receive **63% of all trading fees** - Lower impermanent loss vs typical AMMs - Consistently outperform benchmark LP positions - Limited exposure to trader P&L due to balanced Open Interest **GMX V2 features:** - Balanced Open Interest through LP/trader incentives - Adaptive Funding mechanism - Generally positive long-term returns Users can bridge SOL tokens to Arbitrum via PortalBridge and deposit directly into the [SOL/USD pool](https://app.gmx.io/#/pools/details?market=0x09400D9DB990D5ed3f35D7be61DfAEB900Af03C9). Analyze performance data on the [GMX V2 LP Analytics Dashboard](http://dune.com/gmx-io/v2-lp-dashboard).