GMX Launches GLV on Avalanche
GMX Launches GLV on Avalanche
🌋 Avalanche gets vaulted
GMX has expanded its GMX Liquidity Vault (GLV) to the Avalanche blockchain. The new [WAVAX-USDC] vault is now available, allowing users to provide liquidity to an automatically rebalanced vault combining multiple GM pool tokens.
Key points:
- GLV on Avalanche can be purchased with WAVAX, USDC, or underlying GM tokens
- This launch follows successful GLV introductions on Arbitrum
- GLV optimizes rewards for liquidity providers
The expansion to Avalanche marks another step in GMX's efforts to create liquid on-chain markets for top crypto assets across multiple blockchains.
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
GMX launches a BTC-USD market backed by tBTC, the decentralised Bitcoin-backed token from Threshold Network. GMX is introducing tBTC as a collateral asset on Arbitrum, offering users a trust-minimised alternative to wrapped BTC (wBTC). The decentralised token from @TheTNetwork
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: app.gmx.io 1/3 🧵
On GMX on #Avalanche, a new epoch of the Summer Boost campaign kicks off now! Benefit from large trading fee discounts and boosted rewards for providing GM liquidity, including on the introduced AVAX, BTC, and ETH single-asset pools: x.com/GMX_IO/status/… View the campaign
Live now on Avalanche: GMX Summer Boost 🔸 Lowest trading fees: 75% of all GMX V2 open & close fees are rebated 🔸 Boosted rewards for GM liquidity providers: earn AVAX on top of the fees earned from market making, swaps and margin trading Trade now: app.gmx.io/#/trade
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
The GMX STIP-Bridge program on #Arbitrum has now ended, and the final epoch's rewards were distributed. On #Avalanche, the GMX Summer Boost campaign continues! Benefit from a ~75% rebate on your trading fees, or earn significant bonus AVAX rewards by providing liquidity to the
GLV is now live on #Avalanche as well! The new GMX Liquidity Vault based on [WAVAX-USDC] is available as of today. Users can provide liquidity to the first automatically rebalanced vault on @Avax that combines multiple GM pool tokens. GLV on Avalanche can be bought with WAVAX,
🔧 GMX Tokens Power Delta-Neutral Yield Strategies on Dolomite
GMX's $GM and $GLV tokens serve dual purposes: they function as high-yield liquidity provider positions with 50% market exposure while also acting as building blocks for delta-neutral strategies. **Key Features:** - Dolomite's money market leverages these tokens for advanced yield generation - Supports Looping and Delta-Neutral strategies across GMX's liquidity tokens - Enables traders to capture yields while minimizing directional market risk The integration allows users to construct sophisticated positions that balance exposure and returns.
🗳️ GMX DAO Opens Voting on Marketing & Trader Incentive Program
The GMX DAO has launched a new governance proposal on Snapshot for community voting. **What's Being Voted On:** - GMX Marketing & Trader Incentive Program proposal - Tokenholders can cast their votes on [Snapshot](https://snapshot.box/#/s:gmx.eth/) **Recent Context:** - This follows a separate proposal from January 26 regarding GMX Labs funding for 2026-2027 - Both proposals are part of ongoing governance decisions for the protocol's development GMX tokenholders are encouraged to review the proposal details and participate in the voting process.
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.
🚀 GMX Expands Multichain
**GMX accelerates multichain expansion** in Q4, bringing its decentralized trading infrastructure to major networks including: - Base - BNB Chain - Ethereum Mainnet - Additional EVM chains The protocol maintains its **core value proposition**: - Decentralized infrastructure - Oracle-based pricing reliability - Transparent, fair markets **Key improvements** include UX optimizations and horizontal scaling without liquidity fragmentation. With over **$330 billion in trading volume** from 728,000+ users, GMX's expansion preserves decentralization while scaling sustainably across the ecosystem.
GMX Q3 Report Released by TokenTerminal on Binance Square
**GMX Q3 financial report** now available on Binance Square, published by data analytics platform TokenTerminal. The report provides insights into the **decentralized exchange protocol's performance** during the third quarter. - GMX operates on Arbitrum and Avalanche networks - Offers yield opportunities for token holders - Report accessible through [Binance Square](https://www.binance.com/en/square/post/33454137963122) TokenTerminal specializes in **crypto project analytics** and financial data compilation. Check the full report for detailed metrics and performance analysis.