GMX

In 48 hours, total GM positions on DeltaPrime Red have increased to $6.4M in GMX Rush. The current bonus APR for borrowing in AVAX is 36% for 1x borrowed and 162% for 4.5x borrowed. Incentives are airdropped every Wednesday, starting from Feb 14.

GMX's Twitter Space AMA with @Rodeo_Finance, @D2_finance, and @CamelotDEX has been rescheduled to Thursday, February 8, at 1 PM UTC. Join to learn about ETH++, RODEO++, unique vaults, and the strong #DeFi synergy between these Arbitrum protocols.

Rainbow is partnering with GMX_IO and Treasure_DAO to reward the Arbitrum community, encouraging Ethereum users to explore the Arbitrum ecosystem. GMX users can earn extra points by trading on GMX v2 and Rainbow. A special collaboration with smolverse offers points for minting the Rainbow Smol NFT. All point-earning actions on the Arbitrum network receive a 1.5x multiplier.

The liquidity in the $GM pools of GMX v2 has reached 350 million USD across Arbitrum and Avalanche. There have been 113,500 users and 3776 unique traders on GMX V2 in the last 24 hours. The BTC and ETH markets each offer more than 135 million USD in liquidity, while the SOL and ARB markets each offer 21 million USD. The new BNB market on Arbitrum has attracted 3 million USD in TVL. The GM liquidity pools offer better Open Interest balance and are more scalable than GLP.

A discussion involving Chainlink and Umami is about to commence.

The liquidity in the GM pools of GMX V2 has exceeded that of the GLP pool in GMX V1. The Total Value Locked in the GM pools is now 284 million USD, compared to 219 million in GLP. Furthermore, over 102,280 users have already traded on GMX V2, indicating its strong Product-Market Fit. The GM pools offer a better Open Interest balance and scalability, thanks to incentives for LPs and Traders, as well as an Adaptive Funding mechanism. GLP Migration Incentives are available until Jan 30.

GMX's Short-Term Incentive Program (STIP) has been extended until the end of March, following Arbitrum's decision. Incentives for migrating GLP (GM Liquidity Provider) to GMx liquidity are available until 30 January, and users are eligible for fee rebates for manually redeeming GLP.

GMX has achieved a significant milestone with its total trading volume on Avalanche surpassing $25 billion. Additionally, the APR on the AVAX/USD pool is currently over 43%, offering attractive real yields. Furthermore, the total value locked (TVL) of all Avalanche GM pools is nearing $10 million. Investors can explore the LP opportunities available.

You still have a few days left to qualify for the launch campaign of GMX via the new Binance Web3 Wallet. Follow the instructions to get started.

GMX has successfully integrated with the OKX Wallet, enabling its large user base to easily trade on the GMX exchange. Users can access GMX through the OKX Wallet web extension or the Discover platform.