GMX proposes second staking reward stream for loyal stakers
GMX announced plans for staked $GMX to receive a second reward stream on top of existing staking rewards, designed to reward stakers who hold through the full period rather than farmers who jump in at the last moment.
- The added stream layers on top of current staking yields
- Structure is built to favor long-hold stakers over opportunistic entry
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.
