GMX

A proposal to add GMX's BTC $GM pool token to Aave V3 on Arbitrum has been implemented. This move highlights the significance of GM tokens as prime #DeFi collateral, enabling LP's to borrow against their $172M of gmBTC.

GMX_IO's 5th Fluid Trading Contest is set to run from March 3rd to March 16th, featuring a total prize pool of $35,000. Participants earn points based on trading volume and profit percentage, with no risk of losing points due to liquidations. The contest includes three volume categories - Crustaceans, Dolphins, and Whalers, each with varying prize pools. Traders of all sizes are encouraged to participate to be rewarded for both trading volume and profitability.

GMX V2 was launched six months ago with several improvements including One-Click Trading, new markets to trade, Chainlink Data Streams, Adaptive Funding Rates, and Price Impact Distributions. These updates aim to enhance the trading experience, speed, scalability, and pool yields on GMX. The long-term vision for GMX is to become a decentralized finance ecosystem.

Subsea Protocol, the leading risk management marketplace for crypto, is now live on Karak Network. Users can now protect any protocol across any chain from a single command center on Karak Network.

Aquarius Loan has announced the addition of GMX_IO market to their platform, introducing their first DeFi token market. GMX_IO, known for advocating decentralization, has inspired Aquarius Loan. Users can now take a $GMX-collateral loan at Aquarius Loan.

Perpie will start its biggest trading challenge in 5 days, offering a $50,000 prize pool. Participants can earn Challenge Points by trading with Perpie based on their trading volume compared to the total volume. For example, trading $1,000,000 out of a total $10,000,000 volume gives 10 Challenge Points, equating to a $5,000 reward.

A new FindGBC dApp is being fine-tuned, showing promising developments according to a tweet by GMX_IO.

GMX is offering Perp Trading Quests on Rabbithole_gg for users who have traded on Optimism but have yet to try trading on Arbitrum. This allows for non-custodial trading straight from personal wallets with 12 collateral types, VIP-level fees, fast execution, and the opportunity to earn ARB rewards.

Perpie's volume on GMX_IO exceeded $2M last week, marking significant growth following the introduction of a referral program. The platform has seen an influx of new users and increased trade activity.

The recent updates by GMX's dev contributors include the ability to add StopLoss and TakeProfit orders while opening a new position, display of 'Your APR' on the Earn page, a 200% max staking boost for all accounts, streamlined display of fees, additional tooltips for net fee percentages, availability of Price Impact Rebates in the UI, deployment of the vester contract for affiliate rewards, and addition of fields in TradeAction in subgraph.