GMX

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.

GMX has announced receiving a grant from Arbitrum Foundation to support future GBC initiatives and growth of the NFT ecosystem on Arbitrum and beyond. They express gratitude for the trust placed in them.

Theseus Vault has launched with a current APY of 51.65% and max capacity of $100,000. It offers access to AI-optimized yield and liquidity strategies by Archimedes AI. The Theseus Vault Token (MOZ-THE-LP) allows exposure to assets farmed by the AI, with Archimedes ensuring optimal exposure to price appreciation and yield. The AI also plans swaps to mitigate price volatility risks. A portfolio page is set to be released for better tracking of deposits and yield. Thanks extended to partners for making this achievement possible.

Morphex team identified an issue on their forked version of GMX v1 contracts on BNB chain and reported it to GMX. The issue is not economically exploitable and did not affect any GMX users. Morphex followed the reporting process via bug bounty platform @ImmuneFi, demonstrating a collegial approach.

Since its launch on 1 September 2021 alongside Arbitrum, GMX protocol has facilitated 3.4 million trades by over 534,000 users, resulting in a trading volume exceeding $173 billion. The protocol has also distributed $276 million in fees to its stakeholders, thanking the community for supporting DeFi.

Bitcoin is on the move as halving approaches, providing ideal conditions for leverage traders. Fluid @GMX_IO Bot has seen over $28 million in total bot volume, with $14 million in the past 2 weeks. A $25,000 prize pool is up for grabs, with various prize categories from Whalers to Crustaceans. Contestants have 24 hours left to secure their chance for prizes.