GMX Launches on Botanix: Bitcoin DeFi with Self-Custody Trading

**Morpho Labs** now accepts GMX's GLV tokens as collateral for borrowing on Arbitrum. **What's New:** - GLV [WETH-USDC] and GLV [BTC-USDC] can be used as collateral - Enables liquidity providers to borrow against their positions - Improves capital efficiency for GLV holders **About GLV:** - Provides 50% exposure to ETH/BTC and 50% to USDC - Automatically rebalances liquidity across high-demand markets - Earns fees from three sources - Already integrated by major lending protocols This integration allows GLV holders to unlock additional value from their liquidity positions without selling. [View GLV markets on Morpho](https://app.morpho.org/arbitrum/borrow?search=glv)

**GMX launches LINEA/USD perpetual trading** The decentralized exchange has added its fourth new perpetual market, allowing traders to speculate on Linea Build's token price. **Key features:** - Trade LINEA/USD with prediction-based strategies - Available on [app.gmx.io](http://app.gmx.io) - Part of GMX's expansion to 100+ perpetual markets **Recent additions include:** - 0G/USD perpetual swaps - AVNT/USD with 50x leverage - Cross-chain trading from multiple networks This launch continues GMX's multichain expansion, now supporting trading from Base, Arbitrum, and upcoming networks including Binance Chain and Ethereum Mainnet. [Read full details](https://gmxio.substack.com/p/aster-avantis-0g-and-linea-perps) about all four new perpetual markets.

**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 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 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.