GMX Launches Gold Trading with Bitcoin Collateral Across Six Chains
GMX Launches Gold Trading with Bitcoin Collateral Across Six Chains
🪙 Gold meets Bitcoin
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.
A new XAUT/USD market is live on GMX: Trade @TetherGold with up to 25x leverage from Arbitrum, Ethereum, Base, BNB Chain, Solana, or Avalanche. This synthetic Perp is backed by BTC-USDC liquidity, enabling you to long Gold with BTC collateral and capture the upside of both.
🔧 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 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.