GMX

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.

The development team behind the decentralized exchange protocol GMX has completed several key updates over the past two weeks. These include code changes to support Chainlink timestamp-based feeds for the upcoming GMX V2 contracts, the creation of new Trade History and Claims History features, various user experience enhancements, and fixes for issues like price updating on charts. The team has also incorporated trade limits into the take profit/stop loss modal, made UI improvements to the Global Leaderboard, and updated the Leaderboard page to display competition winners' rewards. Further details on the updates were not provided.

Two governance proposals have been initiated on the Snapshot platform for the GMX community to vote on. The first proposal seeks to gauge sentiment on existing ideas related to Multiplier Points. The second proposal involves a vote on aligning the Treasury Swap between GMX and the yield platform SolvProtocol. Community members are encouraged to participate in the voting process.

GMX, a decentralized exchange protocol deployed on Arbitrum and Avalanche, has announced that the old GMX RewardRouter will be disabled on April 15, 2024. This update may affect funds in the Key Finance protocol, which could potentially be frozen. The original announcements for Arbitrum and Avalanche ecosystems have been provided for reference.

The GMX decentralized exchange protocol operates on both the Arbitrum and Avalanche blockchains. On Arbitrum, the GMX token generates an annual percentage rate (APR) of 13% for users, while on Avalanche, the GLP token offers an APR of around 21%. Additionally, GMX provides an API for developers to integrate with its infrastructure.

GMX, a decentralized exchange protocol deployed on Arbitrum and Avalanche, joined a roundtable discussion with representatives from Curvance, Radiant, Camelot, Pendle, and Arbitrum itself. The discussion focused on the DeFi ecosystem on Arbitrum. GMX's utility and governance token for its Arbitrum ecosystem is GMX, which generates 13% annual percentage rate (APR) for users. The token for its Avalanche ecosystem is GLP, offering around 21% APR. GMX also provides an API for developers to integrate with its infrastructure.