Background

GMX

The GMX is a decentralized exchange protocol that deployed on two EVM chains, Arbitrum and Avalanche. The utiitty and governance token for its Arbitrum ecosystem is GMX, which generates 13% APR for the users. On the other hand, the token for the Avalanche ecosystem is GLP, which gives around 21% APR. GMX also has an API for developers to tap into its infrastructure.

Integrationstwitter

GMX Participates in Bitget Wallet's BWB Points Airdrop Campaign

Mon 8th Apr 2024
GMX, a decentralized exchange protocol deployed on Arbitrum and Avalanche, is taking part in Bitget Wallet's BWB Points Airdrop Campaign. Bitget users who actively trade on GMX will have the opportunity to earn BWB points. The campaign aims to promote Bitget Wallet's Ecosystem Partner Program and the BWB Points Airdrop.

GMX Decentralized Exchange Launches STFX V5 Trading Upgrade

Thu 4th Apr 2024
GMX, a decentralized exchange protocol deployed on Arbitrum and Avalanche, has announced the launch of its STFX V5 Trading Upgrade. The new upgrade introduces several features, including partial order execution, one-click take profit/stop loss, and instant trade deployment. GMX has shared a video explaining how users can start social trading and potentially increase their earnings on the STFX platform. GMX operates two utility and governance tokens, GMX for the Arbitrum ecosystem and GLP for the Avalanche ecosystem, offering annual percentage rates of 13% and 21%, respectively. The protocol also provides an API for developers to integrate with its infrastructure.

The Standard Vault Partners with GMX Decentralized Exchange

Thu 28th Mar 2024
The Standard, a leading DeFi protocol, has announced a partnership with GMX, a decentralized exchange deployed on Arbitrum and Avalanche. This collaboration will introduce GMX token as a new collateral type for The Standard's smart vaults, providing token holders with expanded opportunities. Users can access more information about this partnership and its implications through The Standard's official blog.
Community article

GMX DAO Unveils New Governance Framework

Thu 28th Mar 2024
GMX, a decentralized exchange protocol operating on Arbitrum and Avalanche, has announced an update from its DAO. The update introduces a transparent and open governance framework, flexible voting features, and lays the foundation for future community success. Details of the full proposal are available for review.
Community article

GMX Launches Chinese Twitter Account and Incentives for Binance Web3 Wallet Users

Thu 28th Mar 2024
GMX, a decentralized exchange protocol, has announced the launch of a Chinese-language Twitter account to provide news updates in Chinese. Additionally, GMX is incentivizing Binance Web3 Wallet users to try out its platform by completing six tasks designed to familiarize them with on-chain trading. The GMX dApp is integrated into the Binance Web3 Wallet, allowing users to trade on GMX seamlessly. This initiative aims to introduce millions of Binance Web3 Wallet users to GMX and the vast DeFi ecosystem on Arbitrum, where numerous opportunities are available, and on-chain execution fees are currently low.
Community article

GMX Integration with CTC for Onchain Derivatives Trading

Mon 25th Mar 2024
GMX, a decentralized exchange protocol deployed on Arbitrum and Avalanche, has announced its integration with CTC. This integration will enable CTC to support onchain derivatives trading, with contract-level support for GMX V1 and V2. GMX V2 is an upgrade to the original protocol, offering enhancements such as faster execution, isolated pools, lower trading fees, and increased swap incentives.
Community article

ARB++ Goes Live: Transparent Multi-Strategy Hedge Fund on Arbitrum

Mon 25th Mar 2024
GMX.io, a decentralized exchange protocol, has announced the launch of ARB++, a fully on-chain and transparent multi-strategy hedge fund built on top of various Arbitrum-based DeFi protocols, including GMX.io, CamelotDEX, Lyra Finance, Dolomite.io, Silo Finance, Rodeo Finance, Dopex.io, Rysk Finance, and Premia Finance. ARB++ aims to leverage the capabilities of these protocols to offer a top-tier hedge fund experience on the Arbitrum network.
Community article

GMX Relaunches Popular Perpetual Pools on Arbitrum

Mon 25th Mar 2024
GMX, a decentralized exchange protocol on Arbitrum and Avalanche, has announced the relaunch of its popular perpetual pools - GLP, gDAI, and MUXLP. Users with existing positions in the soon-to-mature pools can now rotate their liquidity to the new pools to continue earning yield. The GLP token for the Avalanche ecosystem offers around 21% APR, while the GMX token for Arbitrum generates 13% APR.
Community article

GMX Launches New Trading Contests and Markets on Arbitrum

Mon 4th Mar 2024
GMX has announced the start of the second one-week trading contest for the #EIP4844 upgrade on Arbitrum, with a prize pool of 140,000 ARB tokens. Winners of the first contest will receive their earned prizes soon. Additionally, GMX has launched new perpetual and spot trading markets for OP (Optimism), AVAX (Avalanche), ATOM (Cosmos), NEAR, and AAVE tokens on its Arbitrum V2 platform. Liquidity providers to these new markets are incentivized with rewards in ARB tokens. GMX V2 traders also benefit from up to 75% rebates on trading fees. The launch of these new markets and trading contests coincides with the Ethereum #EIP4844 upgrade, which reduces gas costs on Arbitrum and GMX.
Community article

GMX Decentralized Exchange Sees Massive User Growth

Thu 21st Mar 2024
The GMX decentralized exchange protocol, powered by dappOS V2, has attracted over 30,000 new traders, fueling significant growth in its user base. The platform offers risk-free trading with 'all in' vouchers and currently provides an annual percentage rate (APR) of up to 22% for its GLP token on the Avalanche ecosystem. The GMX team hints at more exciting developments on the horizon, encouraging users to stay tuned.
Community article
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