GMX's proposal accepted for the Arbitrum STIP grant program
GMX's proposal accepted for the Arbitrum STIP grant program
GMX's proposal for the @Arbitrum STIP grant program has been accepted by the DAO with more than 186 million votes in favor. This will allow GMX and other protocols to contribute to the growth of Arbitrum and its DeFi ecosystem. The community's support and engagement in the DAO process is greatly appreciated.
GMX鈥檚 proposal for the @Arbitrum STIP grant program has reached quorum, and been accepted by the DAO with more than 186 million votes in favour. The passing of the proposal will enable GMX, alongside other leading protocols, to boost the growth of Arbitrum and its #DeFi
GMX has put forth a grant proposal as part of the Short-Term Incentives Program (STIP) of the @Arbitrum DAO. The aim is to create a foundational trading and liquidity layer that will stimulate broad engagement with #DeFi on Arbitrum. View the proposal at:
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.