GMX

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

A new governance proposal is currently active on Snapshot for GMX tokenholders. The proposal, titled *GMSOL or GMX-SOLANA? Decide, then Sail*, invites community members to participate in a crucial decision-making process. Key points: - Proposal is live on Snapshot - Tokenholders are urged to review and vote - Voting link: https://snapshot.org/#/gmx.eth This proposal appears to be related to GMX's potential expansion or rebranding on the Solana blockchain. The community's decision could significantly impact the project's future direction. **Call to Action**: GMX tokenholders, review the proposal and cast your vote now to shape the future of the protocol.

GMX has expanded its GMX Liquidity Vault (GLV) to the Avalanche blockchain. The new [WAVAX-USDC] vault is now available, allowing users to provide liquidity to an automatically rebalanced vault combining multiple GM pool tokens. Key points: - GLV on Avalanche can be purchased with WAVAX, USDC, or underlying GM tokens - This launch follows successful GLV introductions on Arbitrum - GLV optimizes rewards for liquidity providers The expansion to Avalanche marks another step in GMX's efforts to create liquid on-chain markets for top crypto assets across multiple blockchains.

GMX has integrated multiple markets backed by LayerZero tokens, including BNB, PEPE, OP, and USDe. This move aligns with GMX's goal to create deep onchain markets for top assets. - Focus on omni-chain technology - Aim: accessible DeFi ecosystem - Solution needed: transcend individual base-layer networks GMX recognizes the importance of cross-chain functionality in building a more inclusive and efficient decentralized financial system. This integration marks a step towards a more interconnected blockchain landscape.

GMX has launched real-time trading alerts and notifications in collaboration with Notifi Network. The new feature allows traders to receive instant updates on trade confirmations, liquidation risks, protocol announcements, and price alerts using only their wallet address. To maintain security, the alerts are not integrated directly into GMX's user interface but are accessible through a separate 'GMX Alerts by Notifi' site. Users can customize notifications and receive them via email, Telegram, Discord, and Coinbase Wallet. This development is seen as a significant step towards enhancing GMX's feature set. The alert function can be accessed via the bell icon or hamburger menu on the GMX Dapp.

GMX, a decentralized exchange protocol, has announced the launch of a long-awaited perpetual and spot market for GMX/USD trading pairs on the Arbitrum network. Users can now provide liquidity using GMX or USDC tokens, or trade with low fees while retaining full custody of their funds.

GMX, a decentralized exchange protocol operating on Arbitrum and Avalanche, has announced the transition to on-chain governance. The GMX DAO is now live on Tally, a decentralized governance platform. Stakeholders in the protocol are encouraged to delegate their voting power on Tally before staking or claiming GMX rewards. Additionally, stakeholders are invited to nominate themselves as delegates.

GMX's development contributors have completed a series of updates to the GMX V2.1 contracts, including enhanced token selection UX, support for Chainlink Data Streams on Avalanche Fuji, inclusion of borrowing fees in GM APR, a shift feature for zero-fee liquidity movement between pools, atomic withdrawals, Kink model borrowing rate option, deployment of the GMX DAO contract, deposit caps in USD, support for positive swap price impact, and avoidance of double swaps for reward token selection. However, these updated contracts will only be deployed after undergoing an audit scheduled to begin next week.

GMX's Arbitrum S.T.I.P. incentives campaign included a Grants Program aimed at fostering the growth of the broader GMX V2 ecosystem on Arbitrum. The program was popular, receiving 54 applications and funding 22 projects with a total of 1,673,500 ARB allocated. The funded projects focused on integrating GMX V2 trading, generating around $518 million in trading volume during the campaign period. On the liquidity side, the grantees achieved a combined TVL of $40 million, significantly deepening the liquidity of the GMX markets. Successful products from the Grants Program include GMX Tradingview Alerts and a Python SDK for GMX. The program has led to improvements in GMX V2 tooling and boosted community involvement on Arbitrum, achieving its goal of driving on-chain engagement with DeFi on Arbitrum.

GMX, a decentralized exchange protocol, has launched new single-token liquidity pools for Bitcoin (BTC) and Ethereum (ETH) on the Arbitrum network. These pools allow liquidity providers to earn fees from supporting trading while maintaining their full crypto exposure and avoiding impermanent loss. The new pools have attracted over $15 million in liquidity within a few days of launch, offering double-digit annual percentage rates (APRs) for BTC and ETH holders. The introduction of these pools aims to draw additional liquidity and further scale GMX's markets, potentially unlocking a significant portion of the over $35 billion total value locked (TVL) across lending markets.