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
GMX V2 Liquidity Pools Show Strong Performance with LINK/USD Market
GMX's LINK/USD market on Arbitrum demonstrates robust performance with 80% utilization and 22.30% APY. Recent data shows: - 19% APR from trading fees (3-month period) - 44% APR total returns (6-month period) LPs earn 63% of trading fees with reduced impermanent loss compared to traditional AMMs. The platform's Adaptive Funding mechanism helps maintain balanced Open Interest. Key markets include: - SOL/USDC pool: $16.2M TVL - LINK/USDC pool: ~$10M liquidity - Synthetic pools for DOGE, LTC, XRP [View analytics](http://dune.com/gmx-io/v2-lp-dashboard) [Start earning](https://app.gmx.io/earn)
GMX to Launch Bitcoin-Native Trading
GMX, a decentralized exchange protocol, has announced plans to introduce trading services secured and settled with native Bitcoin. This expansion marks a significant development for the platform, which currently operates on Arbitrum and Avalanche chains. The new feature will enable: - Direct Bitcoin collateralization - Native Bitcoin settlement - Secure trading infrastructure This development follows Commerzbank's recent announcement of Bitcoin and Ether trading services for German corporate clients, indicating growing institutional adoption of crypto trading services.
GMX Revenue Surge Leads to Delayed Token Buybacks
GMX experienced a significant revenue increase, causing its buyback-and-distribute contract to face processing delays. The remaining balance will roll over to future weekly epochs for distribution to GMX holders. Key points: - Buyback process is fully transparent and verifiable on-chain - Affects both Arbitrum and Avalanche networks - Contract addresses: - Arbitrum: [View on Arbiscan](https://arbiscan.io/address/0x7EB417637a3E6d1C19E6d69158c47610b7a5d9B3) - Avalanche: [View on Snowtrace](https://snowtrace.io/address/0x1A3A103F9F536a0456C9b205152A3ac2b3c544902)
GMX Rolls Out Stop Market Orders and Enhanced Trading Features
GMX has implemented several key trading improvements: - Added Stop Market Orders support - Enabled chart-based drag & drop order editing - Optimized swap routing for spot and perpetual trades - Enhanced Trade UI with new dropdowns and clearer chart headers - Improved mobile experience with 24h volumes and position cards - Updated number formatting with k, m, b suffixes - Enhanced depth charts and PnL analysis - Clarified network fee calculations For feedback or support: [Telegram](https://t.me/GMX_IO) [Discord](https://discord.gg/H5PeQru3Aa) Learn more about GMX's 2025 roadmap on their [blog](https://gmxio.substack.com/p/gmx-development-plan-for-2025)
GMX Releases TypeScript and Python SDKs for Developer Integration
GMX has launched new Software Development Kits (SDKs) in TypeScript and Python, enhancing its trade and earn functionality integration capabilities. Key Features: - Read functions for markets, positions, tokens, orders, and trade history - Write functions for order management and creation - Battle-tested infrastructure ready for immediate implementation The protocol welcomes community contributions and actively seeks feedback for improvements. Developers can access documentation at docs.gmx.io/docs/api/sdk-v2. **Integration Made Simple** Start building on GMX's proven infrastructure today with comprehensive SDK support.