GMX DAO Finalizes GLV Token Distribution Plan with USDC Option
GMX DAO Finalizes GLV Token Distribution Plan with USDC Option
🎯 Last Call for USDC
The GMX DAO has confirmed plans to distribute GLV tokens with Treasury support and a $500k retention incentive. Users have a limited-time option to receive USDC instead of GLV tokens.
Key points:
- Claiming interface is being completed
- Users can opt for USDC by sending a zero-value transaction to GMX DAO Treasury before Sunday
- Full details available on Governance forum
This follows the recent community vote on Snapshot regarding the distribution of recovered Arbitrum GLP funds.
The governance vote on the distribution plan for the recovered funds from Arbitrum GLP is now live on Snapshot. Tokenholders, please take part and express your preference: 🔸snapshot.box/#/s:gmx.eth/pr…
The GMX DAO community has addressed key questions around the distribution plan for the recovered GLP funds. A follow-up vote is expected to go live on Snapshot tomorrow, Thursday. Once the results of this vote are in, the distribution of the funds to users will begin.
The GMX DAO community has addressed key questions around the distribution plan for the recovered GLP funds. A follow-up vote is expected to go live on Snapshot tomorrow, Thursday. Once the results of this vote are in, the distribution of the funds to users will begin.
The GMX DAO has chosen to distribute GLV tokens, supported by a Treasury contribution and a $500,000 retention incentive. An interface for claiming is being finalized. There is a brief window for users to opt for USDC instead of GLV for their convenience. To choose USDC, please
The governance vote on the distribution plan for the recovered funds from Arbitrum GLP is now live on Snapshot. Tokenholders, please take part and express your preference: 🔸snapshot.box/#/s:gmx.eth/pr…
GMX Launches S&P 500 Trading on Solana
GMX has expanded its synthetic perpetual futures offering to the Solana blockchain, launching S&P 500 index trading. This follows their recent launch of MNT/USD markets on Arbitrum. Key features: - Trade directly from self-custody wallets - Up to 50x leverage available - Liquidity provision options via GM pool or GLV vault - WETH or USDC accepted for LP positions The platform continues to expand its cross-chain presence, now operating on Arbitrum, Avalanche, and Solana networks. [Trade now on GMX](http://app.gmx.io)
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.
GMX Receives Arbitrum Security Grant for Protocol Enhancements
GMX has been awarded a grant from the Arbitrum Security Subsidy Fund to strengthen its protocol security and expansion plans. The grant will support three key initiatives: - Security audits for implementing Gasless Transactions - Audits for GMX Multichain expansion - Smart contract security reviews for Cross Margin implementation This development follows GMX's successful first wave of grants that supported 22 projects. The protocol currently serves as a foundational liquidity layer for Arbitrum, with nearly 100 DeFi projects integrated. *Key collaborators include Areta, Axis Advisory, and Daimon Law.*