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:
Cloudflare Outage Disrupts GMX App Access, Backup Site Available
**Cloudflare experienced degraded capacity** affecting connections to the main GMX trading interface at [app.gmx.io](https://app.gmx.io/). The incident has been **resolved according to Cloudflare**, though some users may have experienced slow or failed connections during the outage. **GMX protocol remains fully operational** - the underlying infrastructure was not affected by the frontend connectivity issues. Users can access the **backup frontend** at [gmxalt.io](https://gmxalt.io/) if they encounter any connection problems with the main site. This follows GMX's recent domain transfer to Cloudflare for enhanced security measures.
馃搳 GMX Democratizes Trading: 30,000+ Users Earn from Triple Revenue Streams
**GMX has democratized liquidity provision** with over 30,000 users holding LP tokens across its decentralized exchange protocol. **Three Revenue Streams Available:** - Spot swaps - Perpetual trading fees - Market-making activities **Strong Performance Metrics:** - GM liquidity providers earn **63% of all trading fees** - Lower impermanent loss compared to traditional AMMs - Consistently outperform benchmark LP positions **Example: LINK/USD Market on Arbitrum** - $11.2M liquidity at ~90% utilization - 25.23% Fee APR this month - Additional 6.72% APR vs benchmark over 3 months GMX V2 maintains balanced open interest through incentives and an Adaptive Funding mechanism, limiting LP exposure to trader PnL while keeping it generally positive long-term. [View Pools](https://app.gmx.io/#/pools) | [LP Analytics Dashboard](http://dune.com/gmx-io/v2-lp-dashboard)
GMX SOL/USD Pool Delivers 32.52% APR with 90% Utilization
**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](https://app.gmx.io/#/pools/details?market=0x09400D9DB990D5ed3f35D7be61DfAEB900Af03C9). Analyze performance data on the [GMX V2 LP Analytics Dashboard](http://dune.com/gmx-io/v2-lp-dashboard).
GMX GLV Tokens Now Accepted as Collateral on Radiant
**GMX liquidity providers gain new borrowing options** as Radiant's money market now accepts GLV tokens as collateral. **Key developments:** - GLV [WETH-USDC] and GLV [BTC-USDC] tokens now eligible for collateral use - **~$60 million in liquidity** unlocked for GMX V2 LPs - Enhanced capital efficiency for existing liquidity positions **What this means:** GMX V2 liquidity providers can now **borrow against their positions** without withdrawing from pools, maximizing capital utilization across DeFi protocols. This follows Venus Protocol's similar integration of GM tokens, showing **growing institutional acceptance** of GMX liquidity tokens as valuable collateral assets.
GMX Summer Updates: Express Trading, 16 New Markets, and Bitcoin L2 Expansion
GMX rolled out significant platform improvements this summer across multiple fronts. **Key Developments:** - **GMX Express** launched with gasless, interruption-free onchain trading experience - **16 new markets** added including AERO, BRETT, KAS, OKB, CVX, HBAR, CRO, ALGO, SPX6900, MNT, PUMP, XMR, MOODENG, PI, CRV, and DOLO - **Distribution completed** for Arbitrum GLP holders affected by previous vulnerability - **Educational expansion** with GMX Perpetuals Trading course now live on Updraft platform **Platform Expansion:** - **US stocks and ETFs** now available on GMX-Solana including SPY, QQQ, AAPL, NVDA, TSLA, AMZN, GOOGL, MSFT, META, and MSTR - **Botanix deployment** brings GMX to Bitcoin L2, enabling Bitcoin-native leverage trading - **New order types** including TWAP orders alongside existing Stop Market orders These updates expand GMX's trading capabilities across multiple chains while improving user experience through gasless transactions and educational resources. Join [GMX Telegram](https://t.me/GMX_IO) or [Discord](https://discord.gg/H5PeQru3Aa) for more details.