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
GMX's STIP campaign extended until end of March
Thu 4th Jan 2024
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 Trading Volume on Avalanche Reaches $25 Billion
Mon 1st Jan 2024
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.
Try out GMX via Binance Web3 Wallet for a launch campaign
Mon 1st Jan 2024
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 integrates with OKX Wallet for convenient trading
Thu 21st Dec 2023
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.
GMX to Join Arbitrum and Chainlink on Twitter Space
Thu 21st Dec 2023
GMX will be participating in a Twitter Space discussion alongside Arbitrum and Chainlink to talk about GMX V2, Chainlink Data Streams, and the expanding Arbitrum ecosystem.
GMX V2 offers deep on-chain liquidity for trading assets like Chainlink's LINK and Solana's SOL
Thu 23rd Nov 2023
GMX V2 provides liquidity pools for trading assets like Chainlink's LINK and Solana's SOL. The SOL/USDC pool has a TVL of $16.2 million and the LINK/USDC pool has close to $10 million of liquidity. The liquidity providers in GMX V2 are well-compensated for the risks they take. GMX also offers synthetic pools for assets like DOGE, LTC, and XRP. The GMX V2 markets for SOL and LINK are resilient and scalable due to their reliance on non-synthetic assets.
Arbitrum Network Outage Update
Mon 18th Dec 2023
The Arbitrum Network experienced an outage causing GMX to be unable to process transactions on the blockchain. GMX is now processing transactions as normal, but users should be aware of elevated gas prices while the network stabilizes.
Arbitrum Blockchain under heavy load
Mon 18th Dec 2023
The Arbitrum Blockchain is currently experiencing heavy load, causing transaction failures. Users are advised to raise their gas limits. If encountering RPC errors, alternative options are available.
GMX Not Affected by Ledger Connect Exploit
Mon 18th Dec 2023
GMX developers and security partners have reviewed and found no issues. GMX advises caution when interacting with DApps and suggests using wallets that simulate transactions before signing.
GMX UI not affected by Ledger script exploit
Mon 18th Dec 2023
Based on preliminary investigations, the GMX UI doesn't seem to have loaded the malicious Ledger script. GMX developers and security partners have thoroughly reviewed and found no issues. As a general policy, exercise caution when interacting with DApps and use wallets that simulate transactions before signing.
