GMX's BTC $GM pool token proposed to be added to Aave V3 on Arbitrum
GMX's BTC $GM pool token proposed to be added to Aave V3 on Arbitrum
A proposal to add GMX's BTC $GM pool token to Aave V3 on Arbitrum has been implemented. This move highlights the significance of GM tokens as prime #DeFi collateral, enabling LP's to borrow against their $172M of gmBTC.
A proposal to add GMX's BTC $GM pool token to @Aave V3 on Arbitrum has gone live! GM tokens being supported by an eminent money market like Aave underlines their role as prime #DeFi collateral. LP's will be able to borrow against their $172M of gmBTC. > snapshot.org/#/aave.eth/pro…
GMX Launches MNT/USD Perpetual Market on Arbitrum
GMX has introduced a new MNT/USD perpetual swap market on Arbitrum, powered by Chainlink Data Streams. Key features: - Trade directly from self-custody wallets - Up to 50x leverage with reduced liquidation risks - Synthetic market backed by WETH-USDC pool - 63% fee share for liquidity providers The market integrates with GLV [WETH-USDC], GMX's auto-optimizing liquidity vault that automatically allocates funds to high-performing pools. Trade or provide liquidity at [app.gmx.io](http://app.gmx.io)
GMX DAO Finalizes GLV Token Distribution Plan with USDC Option
The GMX DAO has confirmed plans to distribute GLV tokens with Treasury support and a $500k retention incentive. Users have a limited-time option to receive USDC instead of GLV tokens. Key points: - Claiming interface is being completed - Users can opt for USDC by sending a zero-value transaction to GMX DAO Treasury before Sunday - Full details available on [Governance forum](https://gov.gmx.io/t/glp-distribution-option-to-receive-usdc-instead-of-glv/4729) This follows the recent community vote on Snapshot regarding the distribution of recovered Arbitrum GLP funds.
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)
GMX Releases TypeScript and Python SDKs for Developer Integration
GMX has launched new Software Development Kits (SDKs) in TypeScript and Python, enhancing its trade and earn functionality integration capabilities. Key Features: - Read functions for markets, positions, tokens, orders, and trade history - Write functions for order management and creation - Battle-tested infrastructure ready for immediate implementation The protocol welcomes community contributions and actively seeks feedback for improvements. Developers can access documentation at docs.gmx.io/docs/api/sdk-v2. **Integration Made Simple** Start building on GMX's proven infrastructure today with comprehensive SDK support.