GMX Masters Competition Wraps Up with $16,500 in Prizes
GMX Masters Competition Wraps Up with $16,500 in Prizes
馃弳 GMX Masters Winners Announced
The GMX Masters trading competition has officially ended, distributing $16,500 in prizes across multiple categories:
- Auto Trading track
- Alpha Pool track
- Pop-up volume track
- Subscriber track
The competition focused on AI-driven trading strategies across GMX's extensive marketplace of over 100 markets. Participants tested automated trading signals from Elfa AI, which triggered automatic trade execution on the GMX platform.
This event showcased the integration of artificial intelligence with decentralized trading infrastructure, allowing traders to experiment with algorithmic strategies in a competitive environment.
The GMX Masters competition has concluded, awarding $16,500 across the Auto Trading, Alpha Pool, pop-up volume, and subscriber tracks. Congratulations to all the winners! And a heartfelt thanks to everyone who traded and tested AI-driven strategies on GMX's 100+ markets over
We weren't lying when we said sleep and wake up to $5000, because our winner just did. GMX Masters results are in. Winners of the Auto Trading comp: 馃 1st place - ef92kq13 / $5000 馃2nd place - gdc7sg / $3000 馃3rd place - 7q6ctna / $2000 More winners below:
GMX Launches Balancer Program with Enhanced Rewards for Market-Making Traders
GMX has introduced a new **Balancer Program** targeting trading desks that help maintain market equilibrium. **Key Details:** - Traders who consistently take the underweight side of GMX markets can now earn enhanced rewards - The program offers **higher compensation than the standard referral program** - Rewards are paid directly to traders' wallets - Participants benefit from positive price impact and funding rates while balancing the order book This initiative builds on GMX's existing affiliate program, where top participants have earned millions through referral commissions.
GMX DAO Continues Steady Token Buyback Program
**Weekly Buyback Activity** Between July 8-14, GMX DAO repurchased 22,190 $GMX tokens for approximately $130,000, averaging $5.86 per token. **Program Performance** - Total tokens reacquired since March 5: 356,580 GMX - Total spent: ~$2,215,000 - Blended average price: $6.21 per token The buyback program shows consistent weekly activity, with the DAO acquiring tokens at prices slightly below the program's overall average. This marks a continuation of the systematic token repurchase strategy initiated in early March 2026.
GMX Sponsors Arbitrum Open House London with $415K Prize Pool
GMX has announced its official sponsorship of the Arbitrum Open House in London, featuring a substantial $415,000 prize pool for participants. **Event Details:** - **Dates:** July 10-12 (in-person), with a 3-week online Buildathon starting May 25th - **Location:** London - **Focus:** DeFi perpetuals trading and builder tooling **What Participants Can Expect:** - GMX contributors will be on-site to provide hands-on guidance - Technical workshops on DeFi Perps - Access to builder tools and infrastructure - Mentoring from the Arbitrum ecosystem - Opportunity to take projects from concept to mainnet **Competition Structure:** Early-stage teams can join the online Buildathon phase before competing for prizes and potential entry into the in-person Founder House in London. Applications are now open at [openhouse.arbitrum.io](http://openhouse.arbitrum.io/?utm_source=twitter&utm_medium=social&utm_campaign=oh-london-buildathon)
GMX Expands RWA Trading with Energy Commodities on Arbitrum
GMX has launched perpetual futures for three major energy commodities on Arbitrum: - **WTI Crude Oil** (WTIOIL/USD) - **Brent Crude Oil** (BRENTOIL/USD) - **Natural Gas** (NATGAS/USD) These markets join the recently launched 24/7 GOLD and SILVER perps under the RWA category. All markets feature: - Low trading fees (2-4 basis points) - 24/7 availability, including weekends - Price data via [Chainlink Data Streams](http://app.gmx.io) - Cross-chain accessibility through GMX Account The platform continues expanding into global markets, offering permissionless access to real-world assets without requiring brokerage accounts or custody arrangements.