GMX

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 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)

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 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 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 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.

GMX has been awarded a grant from the Arbitrum Security Subsidy Fund to strengthen its protocol security and expansion plans. The grant will support three key initiatives: - Security audits for implementing Gasless Transactions - Audits for GMX Multichain expansion - Smart contract security reviews for Cross Margin implementation This development follows GMX's successful first wave of grants that supported 22 projects. The protocol currently serves as a foundational liquidity layer for Arbitrum, with nearly 100 DeFi projects integrated. *Key collaborators include Areta, Axis Advisory, and Daimon Law.*

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.