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,
Cloudflare Outage Disrupts GMX App Access, Backup Site Available
**Cloudflare experienced degraded capacity** affecting connections to the main GMX trading interface at [app.gmx.io](https://app.gmx.io/). The incident has been **resolved according to Cloudflare**, though some users may have experienced slow or failed connections during the outage. **GMX protocol remains fully operational** - the underlying infrastructure was not affected by the frontend connectivity issues. Users can access the **backup frontend** at [gmxalt.io](https://gmxalt.io/) if they encounter any connection problems with the main site. This follows GMX's recent domain transfer to Cloudflare for enhanced security measures.
📊 GMX Democratizes Trading: 30,000+ Users Earn from Triple Revenue Streams
**GMX has democratized liquidity provision** with over 30,000 users holding LP tokens across its decentralized exchange protocol. **Three Revenue Streams Available:** - Spot swaps - Perpetual trading fees - Market-making activities **Strong Performance Metrics:** - GM liquidity providers earn **63% of all trading fees** - Lower impermanent loss compared to traditional AMMs - Consistently outperform benchmark LP positions **Example: LINK/USD Market on Arbitrum** - $11.2M liquidity at ~90% utilization - 25.23% Fee APR this month - Additional 6.72% APR vs benchmark over 3 months GMX V2 maintains balanced open interest through incentives and an Adaptive Funding mechanism, limiting LP exposure to trader PnL while keeping it generally positive long-term. [View Pools](https://app.gmx.io/#/pools) | [LP Analytics Dashboard](http://dune.com/gmx-io/v2-lp-dashboard)
GMX SOL/USD Pool Delivers 32.52% APR with 90% Utilization
**GMX attracts over 14,000 liquidity providers** earning from three revenue streams: market-making, swaps, and borrowing fees. **SOL/USD pool performance highlights:** - $11M in liquidity at ~90% utilization - **32.52% Fee APR** over the last month - Extra **38% APR** above benchmark (corrected from initial 3.8%) - Significantly outperforming JLP **Key advantages for liquidity providers:** - Receive **63% of all trading fees** - Lower impermanent loss vs typical AMMs - Consistently outperform benchmark LP positions - Limited exposure to trader P&L due to balanced Open Interest **GMX V2 features:** - Balanced Open Interest through LP/trader incentives - Adaptive Funding mechanism - Generally positive long-term returns Users can bridge SOL tokens to Arbitrum via PortalBridge and deposit directly into the [SOL/USD pool](https://app.gmx.io/#/pools/details?market=0x09400D9DB990D5ed3f35D7be61DfAEB900Af03C9). Analyze performance data on the [GMX V2 LP Analytics Dashboard](http://dune.com/gmx-io/v2-lp-dashboard).
GMX GLV Tokens Now Accepted as Collateral on Radiant
**GMX liquidity providers gain new borrowing options** as Radiant's money market now accepts GLV tokens as collateral. **Key developments:** - GLV [WETH-USDC] and GLV [BTC-USDC] tokens now eligible for collateral use - **~$60 million in liquidity** unlocked for GMX V2 LPs - Enhanced capital efficiency for existing liquidity positions **What this means:** GMX V2 liquidity providers can now **borrow against their positions** without withdrawing from pools, maximizing capital utilization across DeFi protocols. This follows Venus Protocol's similar integration of GM tokens, showing **growing institutional acceptance** of GMX liquidity tokens as valuable collateral assets.
GMX Summer Updates: Express Trading, 16 New Markets, and Bitcoin L2 Expansion
GMX rolled out significant platform improvements this summer across multiple fronts. **Key Developments:** - **GMX Express** launched with gasless, interruption-free onchain trading experience - **16 new markets** added including AERO, BRETT, KAS, OKB, CVX, HBAR, CRO, ALGO, SPX6900, MNT, PUMP, XMR, MOODENG, PI, CRV, and DOLO - **Distribution completed** for Arbitrum GLP holders affected by previous vulnerability - **Educational expansion** with GMX Perpetuals Trading course now live on Updraft platform **Platform Expansion:** - **US stocks and ETFs** now available on GMX-Solana including SPY, QQQ, AAPL, NVDA, TSLA, AMZN, GOOGL, MSFT, META, and MSTR - **Botanix deployment** brings GMX to Bitcoin L2, enabling Bitcoin-native leverage trading - **New order types** including TWAP orders alongside existing Stop Market orders These updates expand GMX's trading capabilities across multiple chains while improving user experience through gasless transactions and educational resources. Join [GMX Telegram](https://t.me/GMX_IO) or [Discord](https://discord.gg/H5PeQru3Aa) for more details.