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.
Integrations
Increased capacity to 2,000,000 with TVL at 990K in Theseus Vault
Mon 11th Mar 2024
The capacity has been increased to 2,000,000 with Theseus Vault TVL currently at 990K.
GMXv2 Trading Volume Surpasses $25 Billion USD
Thu 7th Mar 2024
Trading volume on #GMXv2 has surged past $25 billion USD, with over $2.88 billion traded in the V2 markets in the last week. Providing features like self-custody, deep liquidity, and fast execution, GMXv2 offers an optimized on-chain trading experience.
GMX Community News: Rage Lottery for New GMX_IO v2 Users on Rage
Thu 22nd Feb 2024
GMX is giving away 500 $ARB tokens in a lottery style to the next 200 new GMX_IO v2 users on Rage. To enter, users need to execute a trade on GMX v2 via Rage. The giveaway starts on 5th March 2024 at 15:00 UTC.
GMX's BTC $GM pool token proposed to be added to Aave V3 on Arbitrum
Mon 11th Mar 2024
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.
5th Fluid Trading Contest: $35,000 in Rewards Up for Grabs
Mon 4th Mar 2024
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 Launch: New Features and Improvements
Mon 4th Mar 2024
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 Goes Live on Karak Network
Mon 4th Mar 2024
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.
GMX_IO Market Added to Aquarius Loan Platform
Mon 4th Mar 2024
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's Trading Challenge with $50,000 Prize
Mon 26th Feb 2024
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.
Fine-tuning of FindGBC dApp looks promising
Thu 22nd Feb 2024
A new FindGBC dApp is being fine-tuned, showing promising developments according to a tweet by GMX_IO.
