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.
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.