GMX V2 offers deep on-chain liquidity for trading assets like Chainlink's LINK and Solana's SOL
GMX V2 offers deep on-chain liquidity for trading assets like Chainlink's LINK and Solana's SOL
GMX V2 provides liquidity pools for trading assets like Chainlink's LINK and Solana's SOL. The SOL/USDC pool has a TVL of $16.2 million and the LINK/USDC pool has close to $10 million of liquidity. The liquidity providers in GMX V2 are well-compensated for the risks they take. GMX also offers synthetic pools for assets like DOGE, LTC, and XRP. The GMX V2 markets for SOL and LINK are resilient and scalable due to their reliance on non-synthetic assets.
GMX will take part in #ArbitrumFrontier 🧑🚀💙, to encourage users to get familiar with various useful DeFi protocols on the high-speed @Arbitrum layer-2 blockchain. With $ARB incentives from the DAO's STIP Grants being distributed, now is the ideal time to explore Arbitrum...
GMX V2 offers deep on-chain liquidity to trade assets like @Chainlink's $LINK and #Solana's $SOL. The SOL/USDC GM pool on @Arbitrum has 16,2 million USD in TVL, while the LINK/USDC pool offers close to 10m USD of liquidity. 🔹View the GM pools at: app.gmx.io/#/earn 1/5
The total value locked in the $GM pools of GMX V2 is soaring, crossing 220 million today on #Arbitrum. Thanks go out to all the liquidity providers supporting the GMX protocol. Trade with this deep on-chain liquidity, and low trading fees, at: 🔹 app.gmx.io
The GMX ecosystem is steadily expanding. With its deep liquidity, the protocol functions as a base layer for #DeFi on the @Arbitrum and @Avalanche blockchains. A sincere thanks to everyone building added-value instruments on top of the $GM Pools, $GLP, and GMX's trading system.
Epoch 6 of GMX's @Arbitrum Incentives starts, with: 🔹 VIP-level fees for all GMX V2 traders Traders enjoy a rebate of up to 75% of all open & close fees, for an effective fee of just ~0.015%. 🔹Liquidity Incentives on all GM pools Trade or LP at: app.gmx.io 1/5
Epoch 5 of GMX's @Arbitrum STIP Incentives has started. This week, all GMX users benefit from: 🔹 Low trading fees, equal to the VIP tiers of centralised exchanges 🔹 Boosted APRs on all the GM liquidity pools of GMX V2 🔹 Incentives to move GLP liquidity to the GM pools 1/4
GMX Completes GLP Vulnerability Resolution with GLV Token Distribution
GMX has launched claims for GLP holders following the July 9th exploit resolution. The distribution includes: - ~$44M available for distribution via GLV tokens - Portfolio composition: 25% WBTC, 25% ETH, 50% stables - $2M DAO Treasury support - $500K retention incentives for GLV holders The white-hat hacker received a $5M bug bounty. GMX V2 remained operational throughout, processing billions in weekly volume. Claims are now live at [app.gmx.io](https://app.gmx.io/#/stake). GLP redemptions will be enabled in approximately 10 days.
GMX Launches Comprehensive DeFi Development Curriculum with Updraft
GMX has partnered with Updraft to release an extensive perpetuals trading curriculum, featuring over 90 lessons and 4+ hours of video tutorials. The course is taught by @ProgrammerSmart, a leading Solidity developer. Key features: - In-depth coverage of GMX's trading technology - Practical exercises and quizzes - Developer certification opportunities - Rewards for successful project completion The curriculum aims to help developers understand GMX's smart contracts and build new integrations. The course development was co-sponsored by @arbitrumdao_gov. [Start learning on Updraft](https://updraft.cyfrin.io/courses/gmx-perpetuals-trading)
GMX Launches S&P 500 Trading on Solana
GMX has expanded its synthetic perpetual futures offering to the Solana blockchain, launching S&P 500 index trading. This follows their recent launch of MNT/USD markets on Arbitrum. Key features: - Trade directly from self-custody wallets - Up to 50x leverage available - Liquidity provision options via GM pool or GLV vault - WETH or USDC accepted for LP positions The platform continues to expand its synthetic markets across multiple chains, with Arbitrum and Solana now offering index trading capabilities. Users can access these features at [app.gmx.io](http://app.gmx.io).
GMX Revenue Surge Leads to Delayed Token Buybacks
GMX experienced a significant revenue increase, causing its buyback-and-distribute contract to face processing delays. The remaining balance will roll over to future weekly epochs for distribution to GMX holders. Key points: - Buyback process is fully transparent and verifiable on-chain - Affects both Arbitrum and Avalanche networks - Contract addresses: - Arbitrum: [View on Arbiscan](https://arbiscan.io/address/0x7EB417637a3E6d1C19E6d69158c47610b7a5d9B3) - Avalanche: [View on Snowtrace](https://snowtrace.io/address/0x1A3A103F9F536a0456C9b205152A3ac2b3c544902)
GMX Rolls Out Stop Market Orders and Enhanced Trading Features
GMX has implemented several key trading improvements: - Added Stop Market Orders support - Enabled chart-based drag & drop order editing - Optimized swap routing for spot and perpetual trades - Enhanced Trade UI with new dropdowns and clearer chart headers - Improved mobile experience with 24h volumes and position cards - Updated number formatting with k, m, b suffixes - Enhanced depth charts and PnL analysis - Clarified network fee calculations For feedback or support: [Telegram](https://t.me/GMX_IO) [Discord](https://discord.gg/H5PeQru3Aa) Learn more about GMX's 2025 roadmap on their [blog](https://gmxio.substack.com/p/gmx-development-plan-for-2025)