GMX SOL/USD Pool Delivers 32.52% APR with 90% Utilization
GMX SOL/USD Pool Delivers 32.52% APR with 90% Utilization
🚀 32% APR Revealed
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.
Analyze performance data on the GMX V2 LP Analytics Dashboard.
Here are 7 essential updates from GMX this Summer: 1️⃣ Introducing GMX Express: fast onchain trading with an interruption-free, gasless user experience 2️⃣ 16 New Markets Live: AERO, BRETT, KAS, OKB, CVX, HBAR, CRO, ALGO, SPX6900, MNT, PUMP, XMR, MOODENG, PI, CRV, and DOLO 3️⃣
A new market is live on GMX: 🔸 CRO/USD (Cronos) Go Long or Short on the token from Cronos Chain, directly from your self-custody wallet. $CRO @Cryptocom 1/2
Long or Short the S&P 500 on GMX-Solana: now live.
GMXSOL has launched the first RWA Perpetual Contract Market – SPY/USD (S&P 500 ETF) 🚀 Prices powered by @chainlink and risk parameters provided by @chaos_labs . More RWA markets coming soon! Stay tuned.
Introducing a new market for traders and LPs: 🔸 AERO/USD from @AerodromeFi Trade AERO perps with up to 50x leverage and low fees, while minimising counterparty risk and enjoying fast onchain execution. 1/2 $AERO
Now Live: a new meme market for traders and liquidity providers: 🔸 SPX6900/USD Go Long or Short on #SPX6900 straight from your own wallet, and experience the optimised execution speed and UX of GMX on Arbitrum. 1/2
Arbitrum has launched DRIP, rewarding actions that help grow the DeFi ecosystem. Here's how GMX users benefit: 🔸On Morpho, our popular gmETH (WETH-USDC) liquidity token, with over $100 million in liquidity, is now eligible for incentives. 🔸On Dolomite, gmETH will soon qualify
Introducing DRIP - The DeFi Renaissance Incentive Program! A huge DeFi program that rewards real DeFi actions on Arbitrum, starting with Season 1: Leverage Looping Strategy 💧 Deposit ETH/stables 💧 Borrow & loop 💧 Repeat Join the Renaissance now 👇 arbitrumdrip.com
Four new perp markets are now live, bringing the total number of tradable assets on GMX to 87: 🔹 @MorphoLabs 🔹 @MoonwellDeFi 🔹 @AskVenice 🔹 @Chainlink 1/3 👇
Introducing a new market for traders and LPs: 🔸 KAS/USD - from the Kaspa blockchain Trade KAS perps with leverage, straight from your self-custody EVM wallet on GMX. No deposit required, minimal spread, low fees, and transparently fair pricing. $KAS @Kaspaunchained
Now Live: 🔸 CVX/USD Long or Short the @ConvexFinance token with up to 50x leverage, and enjoy the self-custodial onchain trading experience of GMX on Arbitrum. 1/2 $CVX
Introducing a new market on GMX for traders and LPs: 🔸 MNT/USD from @Mantle_Official Trade seamless MNT perpetual swaps directly from your self-custody wallet, no depositing required. Now live on @Arbitrum. $MNT 1/4
GMX Scales from 4 to 100+ Markets, Now Listed on CoinGecko
**GMX achieves major milestone** with its perpetual markets now featured on CoinGecko, highlighting the DEX's impressive scaling journey. **Key growth metrics:** - Expanded from just 4 GLP markets to **100+ GM markets** - Started on Arbitrum & Avalanche, now supports Solana - Enables trading from **all EVM chains** **Multi-chain presence:** - Over 1.3 million Base users have access - 90+ perpetual markets and 23 spot markets live - Cross-chain trades execute in **under one second** The CoinGecko listing provides transparency into GMX's market data across its supported networks. Users can view detailed information about the platform's perpetual markets on both [Arbitrum](https://www.coingecko.com/en/exchanges/gmx-perpetuals-v2-arbitrum) and [Avalanche](https://www.coingecko.com/en/exchanges/gmx-perpetuals-v2-avalanche). This development showcases GMX's evolution into a truly multichain protocol, making decentralized perpetual trading accessible across the broader crypto ecosystem.
stBTC Token Launches on Botanix Labs for GMX Trading
**stBTC token now available** on Botanix Labs, offering BTC yield backed by network economic activity. **Key features:** - Use as liquidity provision on GMX - Functions as margin that generates additional BTC returns - Built on Bitcoin-native infrastructure **GMX integration** enables leverage trading and yield opportunities secured by the Bitcoin network. The platform previously added a BTC/USD liquidity pool using pBTC (Botanix's bridged BTC). **pBTC tokens** can be redeemed for native BTC on Bitcoin Mainnet, providing direct Bitcoin exposure through the Botanix blockchain. This development expands Bitcoin DeFi options by combining GMX's trading infrastructure with Botanix's Bitcoin-backed yield generation.
Arbitrum's DeFi Renaissance Program Epoch 3 Launches with Dolomite Incentives
**Arbitrum's DeFi Renaissance Incentive Program** has entered its third epoch, bringing new opportunities for DeFi users. **Key highlights:** - Substantial incentives now available on Dolomite protocol - Users can efficiently borrow against various GMX assets - Part of Arbitrum's broader strategy to reward ecosystem growth **Previous developments** included the launch of DRIP rewards and incentives for gmETH tokens on Morpho protocol, with over $100 million in liquidity. The program continues expanding opportunities for GMX asset utilization across Arbitrum protocols.
Dolomite Integrates GMX Liquidity Tokens for Advanced Trading Strategies
**Dolomite's money market now supports GMX's liquidity tokens**, including $GLV, enabling sophisticated trading approaches. Key features available: - **Looping strategies** for leveraged exposure - **Delta-neutral strategies** for market-neutral positions - Support for **wide range of GMX tokens** This integration builds on Dolomite's previous support for GMX V2's $GM tokens as collateral, expanding options for traders seeking advanced DeFi strategies. *Performance analysis data available for strategy evaluation.*
GMX Community Votes on Season 3 Listing Committee Election
GMX has launched a governance proposal for its **Season 3 Listing Committee Election** on Snapshot. The community will elect a **3-member committee** responsible for: - Managing new asset listings on GMX - Ensuring streamlined listing processes - Maintaining protocol standards This follows previous governance initiatives that established GMX's Security and Governance Committees in October 2024. **Vote now**: [GMX Snapshot](https://snapshot.org/#/gmx.eth/) Your participation helps shape GMX's future asset offerings and maintains decentralized governance.