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 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.