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 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 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.
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 Integrated into Binance's Web3 Wallet
Thu 7th Dec 2023
GMX has been successfully integrated into the new self-custodial Web3 Wallet from Binance. Binance users can now trade on GMX safely and conveniently. Users can swap tokens using the Binance Web3 Wallet and have the chance to earn up to 1 BTC.
First batch of accepted grant applications from the #GMX Grants Program
Mon 4th Dec 2023
GMX is thrilled to announce the first batch of accepted grant applications from the #GMX Grants Program. The funded projects include GMD Protocol, Perpie, Rabbit Hole, GMX V2 Telegram & Discord Analytics, Rodeo Finance, Vaultka, Tradao, DeltaPrime, Fluid, GMX Python SDK, Symbiosis, and Dolomite. The Grants Program aims to boost collaborative development and connect GMX's growth to that of the entire Arbitrum ecosystem.
GMX Integrates Chainlink Data Streams for Real-Time Price Updates
Thu 16th Nov 2023
GMX has integrated Chainlink Data Streams, leading to faster on-chain execution speed and real-time price updates. Additionally, trading fees on Arbitrum have been lowered to approximately 0.015%, making them comparable to VIP tiers on leading centralized exchanges. These trading incentives are part of GMX's initiative to bring fees on the decentralized perpetual exchange to an average of 0.02%, similar to platforms like Binance and ByBit.
GMX Grants Program now accepting applications
Tue 21st Nov 2023
The GMX Grants Program is now accepting applications. If you're interested in being a DeFi builder, apply today.
