GM Labs establishes $10M GMX market-making fund
GM Labs is establishing a $10M market-making fund for the GMX token. The fund is financed from... [details were truncated in the source]
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.
