GMX Simplifies Onboarding with Email and Social Login Options
GMX Simplifies Onboarding with Email and Social Login Options
馃攽 GMX drops the wallet requirement
GMX has introduced a new login system powered by Privy that allows users to access the platform through multiple methods:
- Sign in with email
- Connect via X (Twitter) or Discord accounts
- Use existing self-custody wallets
The update removes the barrier of requiring wallet setup before getting started. New users can now begin trading on the decentralized exchange without prior blockchain experience, while still maintaining the option for full self-custody.
This change addresses a common friction point in DeFi onboarding, where wallet creation and management often deter newcomers from trying decentralized platforms.
Onboarding to GMX is now even easier. Sign in with email, an X or Discord account, or connect the self-custody wallet you already use. The new login layer powered by @Privy_io lets new users get started even faster, with no prior wallet setup required.
GMX Slashes Funding Costs by 65% Across Perpetual Markets
**Major Cost Reduction for Traders** GMX has successfully reduced funding costs by approximately **65%** following a late-April mechanism update. This significant decrease affects **93 of 109 perpetual markets** on the platform. **Key Benefits:** - Dramatically lower costs for holding positions - Makes long-term position holding more practical - Enables support for larger, more liquid markets - Improved funding rate stability **What's Next** This represents only the first phase of improvements, with additional refinements already in development. [View current rates on GMX](http://app.gmx.io)
GMX Launches 24/7 Commodity Trading with Institutional Pricing
GMX has made five commodity perpetual markets available for round-the-clock trading: WTI crude oil, Brent crude oil, natural gas, gold, and silver. **Key Features:** - Trading fees during market hours: 1 basis point for contrarian positions, 2 basis points for consensus trades - Available across multiple chains: Arbitrum, Ethereum, BNB Chain, and Base - Leverage up to 100x on oil markets, 40x on natural gas - Powered by Chainlink Data Streams for price feeds - No expiry dates or intermediaries required The protocol has generated $485M in lifetime earnings and recently bought back $104K in GMX tokens.
GMX Positions Itself as Execution Layer for AI Trading Agents
GMX is addressing the challenges developers face when building AI trading agents by improving its integration infrastructure. **Key developments:** - GMX has invested in streamlining fragmented documentation and poorly structured APIs - The protocol now positions itself as the official execution layer for AI trading agents - This follows earlier collaboration with Bondon Credit and iExec on an autonomous agent trading bounty during the Synthesis hackathon The move reflects GMX's recognition that AI agents are changing how DeFi protocols are accessed and used, with the team working to make their decentralized exchange more accessible to automated trading systems.
GMX Launches AI Agent SDK and APIs for Automated Trading Workflows
GMX has released new developer tools specifically designed for AI agent integration. The decentralized exchange protocol now offers an updated SDK and APIs that enable automated trading workflows. **Key Features:** - Dedicated documentation for AI agent implementation - APIs optimized for programmatic trading - SDK designed for agent-based workflows Developers can now build AI-powered trading bots and automated systems that interact directly with GMX's infrastructure across Arbitrum and Avalanche chains. [View the AI Agent Documentation](https://docs.gmx.io/docs/category/ai-agents/2/2)