GMX Plans Phase 2 Optimizations on MegaETH with 10ms Blocks and Chainlink Integration

GMX has launched on MegaETH, described as the first real-time blockchain. The deployment enables permissionless trading of BTC, ETH, and SOL perpetual contracts. **Key Features:** - Users can earn yield by providing USDM (the chain's native stablecoin) to GMX's new GLV vault - GLV is GMX's first stablecoin-only liquidity vault - Revenue comes from three sources: perpetual trading fees, swap fees, and buy/sell fees on liquidity tokens - Referral program available for users to invite friends and earn All markets on MegaETH are backed by GLV [USDM/USDM]. The team notes that stability is prioritized first, with additional speed optimizations planned for future releases. This marks GMX's expansion beyond its existing deployments on Arbitrum and Avalanche, bringing its decentralized perpetuals trading to a new blockchain infrastructure.

GMX has issued a bounty for autonomous AI agents to trade perpetual contracts on its platform during the Synthesis hackathon. The initiative, developed with partners Bondon Credit and iExec, represents GMX's preparation for AI-driven DeFi usage. **Key Details:** - Bounty targets autonomous agents trading perps on GMX - Partnership with Bondon Credit and iExec - Part of the Synthesis hackathon - Builds on previous AI trading competitions **Background:** This follows GMX's earlier "Code vs Coin" AI agent trading competition, won by the Vega agent. That contest demonstrated AI agents' potential in executing trading strategies on decentralized infrastructure. More information about the bounty program will be announced soon.

GMX has launched **Staking Power**, a new reward distribution system for staked $GMX tokens. **How it works:** - Your reward share is calculated by: Duration × Amount of $GMX Staked - Accrues continuously using time-weighted mathematics from GMX's existing reward contracts - 27% of platform fees fund $GMX buybacks, currently directed to Treasury since March 4 **Key details:** - Both buybacks and staking rewards are now visible on [app.gmx.io](http://app.gmx.io) - Staking Power accumulation begins immediately upon staking - If already staked, you're automatically accumulating rewards

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.