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 Scales from 4 to 100+ Markets, Now Listed on CoinGecko
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stBTC Token Launches on Botanix Labs for GMX Trading
**stBTC token now available** on Botanix Labs, offering BTC yield backed by network economic activity. **Key features:** - Use as liquidity provision on GMX - Functions as margin that generates additional BTC returns - Built on Bitcoin-native infrastructure **GMX integration** enables leverage trading and yield opportunities secured by the Bitcoin network. The platform previously added a BTC/USD liquidity pool using pBTC (Botanix's bridged BTC). **pBTC tokens** can be redeemed for native BTC on Bitcoin Mainnet, providing direct Bitcoin exposure through the Botanix blockchain. This development expands Bitcoin DeFi options by combining GMX's trading infrastructure with Botanix's Bitcoin-backed yield generation.
Arbitrum's DeFi Renaissance Program Epoch 3 Launches with Dolomite Incentives
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Dolomite Integrates GMX Liquidity Tokens for Advanced Trading Strategies
**Dolomite's money market now supports GMX's liquidity tokens**, including $GLV, enabling sophisticated trading approaches. Key features available: - **Looping strategies** for leveraged exposure - **Delta-neutral strategies** for market-neutral positions - Support for **wide range of GMX tokens** This integration builds on Dolomite's previous support for GMX V2's $GM tokens as collateral, expanding options for traders seeking advanced DeFi strategies. *Performance analysis data available for strategy evaluation.*
GMX Community Votes on Season 3 Listing Committee Election
GMX has launched a governance proposal for its **Season 3 Listing Committee Election** on Snapshot. The community will elect a **3-member committee** responsible for: - Managing new asset listings on GMX - Ensuring streamlined listing processes - Maintaining protocol standards This follows previous governance initiatives that established GMX's Security and Governance Committees in October 2024. **Vote now**: [GMX Snapshot](https://snapshot.org/#/gmx.eth/) Your participation helps shape GMX's future asset offerings and maintains decentralized governance.