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,
LayerZero Selected as GMX's Messaging Infrastructure Provider
GMX DAO has concluded its governance vote, selecting LayerZero as the preferred messaging infrastructure provider for GMX Multichain deployment. This decision follows a comprehensive selection process that included: - Community Q&A sessions with potential partners - Detailed proposal presentations - Open forum discussions The selection marks a significant step in GMX's multichain expansion strategy. The voting process demonstrated strong community engagement through Snapshot voting. [View complete voting results](https://snapshot.box/#/s:gmx.eth/proposal/0xc0fa577853fa0d066e876a4df3cf8ae7302c60b68f1f13675821dbf5d2acac1b)
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.*