GMX's WIF and PEPE Markets Lead in Performance
GMX's WIF and PEPE Markets Lead in Performance
🚀 Meme coins making moves
GMX's WIF and PEPE markets on Arbitrum are currently top performers for GM liquidity providers. These pools offer exceptional rewards due to high utilization.
- @pepecoineth and @dogwifcoin pools outperformed 50/50 LP positions over 3 months
- Most GM pools outperform rebalancing 50/50 counterparts
- BTC/USD [BTC] pool offers ~10% annual returns on Bitcoin
- Zero price impact on BTC/USD [BTC] and ETH/USD [WETH] pools increased volume and rewards
LP Exposure in GM pools:
- Price movements of underlying assets
- Trader PnL when market isn't 50:50 balanced
- Fees from pool at listed reward rate
Note: Returns on app.gmx.io/#/pools/ exclude price changes and trader PnL.
GMX V2's GM pools generated nearly $66 Million in revenue over 13 months.
Learn more: http://app.gmx.io
The WIF and PEPE markets on GMX on #Arbitrum have recently been the top performers for GM liquidity providers. The rewards earned in these two pools are exceptional due to their high utilisation — traders love memes. Trade PEPE or WIF permissionlessly on-chain, or provide
GMX Launches PUMP/USD Perpetual Trading Market
GMX has launched a new synthetic perpetual swap market for PUMP/USD trading on Arbitrum. Key features include: - Trade directly from your wallet with up to 50x leverage - Long or short positions available on Pump.fun token - Fast execution speeds on Arbitrum network Liquidity providers can: - Deposit BTC or USDC in GM: PUMP/USD pool - Earn fees from trading and market-making activities - Access GLV: [BTC-USDC] liquidity vault Trading is now live at [app.gmx.io](http://app.gmx.io)
GMX Expands Spot Trading Options on Arbitrum
GMX has expanded its spot trading offerings on Arbitrum, now including XRP and DOGE exposure through Toros integration. This follows their earlier launch of GMX/USD perpetual and spot markets on GMX V2. Key updates: - New spot pairs: XRP/USD and DOGE/USD - Available through Toros on Arbitrum network - Users can provide liquidity using GMX or USDC - Features low fees and self-custody trading Trade these new markets at [app.gmx.io](http://app.gmx.io)
GMX V1 Security Incident: $42M Secured, $5M Bounty Paid
A security vulnerability in GMX V1's codebase led to a potential exploit risk of $42M from GLP holders. The issue was related to short average price calculations specific to V1. Key updates: - Funds successfully secured by white hat 0xDF334...5221 - $5M bounty paid, remaining funds in GMX Security Multisig - V2 remains unaffected - Trading, minting, and redeeming disabled on V1 (Arbitrum & Avalanche) GMX team is preparing a distribution plan for affected users through the DAO. A detailed post-mortem analysis will be released once the investigation concludes.
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)