GMX Completes V2.1 Contract Updates, Awaiting Audit
GMX Completes V2.1 Contract Updates, Awaiting Audit
馃敀 Audit Incoming, GMX Updates
GMX's development contributors have completed a series of updates to the GMX V2.1 contracts, including enhanced token selection UX, support for Chainlink Data Streams on Avalanche Fuji, inclusion of borrowing fees in GM APR, a shift feature for zero-fee liquidity movement between pools, atomic withdrawals, Kink model borrowing rate option, deployment of the GMX DAO contract, deposit caps in USD, support for positive swap price impact, and avoidance of double swaps for reward token selection. However, these updated contracts will only be deployed after undergoing an audit scheduled to begin next week.
GMX's dev contributors have completed the following GMX V2.1 contract updates over the last weeks: 馃敼 Enhanced the token selection UX 馃敼 Deployed contracts with new timestamp-based Chainlink Data Streams support on Avalanche Fuji for testing 馃敼 Included pending borrowing fees in
馃數 GMX DAO Continues Buyback Program
The GMX DAO purchased 29,460 $GMX tokens for approximately $165,000 between June 10-16, 2026, at an average price of $5.60 per token. **Program Totals (March 5 - June 16):** - 264,740 $GMX tokens reacquired - Total spent: ~$1,690,000 - Blended average price: ~$6.38 The buyback program shows a declining average purchase price over time, from $6.62 in late May to $5.60 in mid-June, suggesting strategic accumulation during price dips.
GMX Masters Trading Competition Goes Live with $15,000 Prize Pool
The **GMX Masters trading competition** has officially launched, offering participants a chance to win from a **$15,000 USDC prize pool**. **Key Details:** - Duration: 4-week competition - AI-powered signals provided by [Elfa AI](https://twitter.com/elfa_ai) - Automated trade execution on GMX's perpetual markets - Participants compete by creating optimal trading strategies The competition combines AI signal generation with automated execution, allowing traders to compete without manual intervention. All trades execute live on GMX's decentralized perpetual trading markets. Early sign-ups opened on June 11, with the competition now active for participants to test their strategies.
GMX Sponsors Arbitrum Open House London with $415K Prize Pool
GMX has announced its official sponsorship of the Arbitrum Open House in London, featuring a substantial $415,000 prize pool for participants. **Event Details:** - **Dates:** July 10-12 (in-person), with a 3-week online Buildathon starting May 25th - **Location:** London - **Focus:** DeFi perpetuals trading and builder tooling **What Participants Can Expect:** - GMX contributors will be on-site to provide hands-on guidance - Technical workshops on DeFi Perps - Access to builder tools and infrastructure - Mentoring from the Arbitrum ecosystem - Opportunity to take projects from concept to mainnet **Competition Structure:** Early-stage teams can join the online Buildathon phase before competing for prizes and potential entry into the in-person Founder House in London. Applications are now open at [openhouse.arbitrum.io](http://openhouse.arbitrum.io/?utm_source=twitter&utm_medium=social&utm_campaign=oh-london-buildathon)
GMX Expands RWA Trading with Energy Commodities on Arbitrum
GMX has launched perpetual futures for three major energy commodities on Arbitrum: - **WTI Crude Oil** (WTIOIL/USD) - **Brent Crude Oil** (BRENTOIL/USD) - **Natural Gas** (NATGAS/USD) These markets join the recently launched 24/7 GOLD and SILVER perps under the RWA category. All markets feature: - Low trading fees (2-4 basis points) - 24/7 availability, including weekends - Price data via [Chainlink Data Streams](http://app.gmx.io) - Cross-chain accessibility through GMX Account The platform continues expanding into global markets, offering permissionless access to real-world assets without requiring brokerage accounts or custody arrangements.
GMX Launches Gold Trading with Bitcoin Collateral Across Six Chains
GMX has introduced a new **XAUT/USD perpetual market** for trading Tether Gold with up to **25x leverage**. **Key Features:** - Available across **six blockchains**: Arbitrum, Ethereum, Base, BNB Chain, Solana, and Avalanche - Backed by **BTC-USDC liquidity**, allowing traders to use Bitcoin as collateral - Enables simultaneous exposure to both gold and Bitcoin price movements This synthetic perpetual contract expands GMX's asset offerings beyond traditional crypto markets. The cross-chain functionality allows users to trade from their preferred network while settling on Avalanche. The market uses XAUT, Tether's gold-backed token where each token represents physical gold reserves. Two liquidity pools support trading: a single-asset XAUT pool and a dual-asset XAUT-USDT pool. Traders can now access precious metals exposure while maintaining crypto collateral positions.