GMX

**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.

**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 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 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 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.

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