The multi-asset liquidity pool model is an innovative mechanism. How does GMX achieve zero spread trading, no impermanent losses, and a diverse source of income for liquidity providers? The following is a detailed description.
Stakers can earn three types of rewards when they lock up GMX: escrowed GMX (esGMX), multiplier points, and ETH or AVAX rewards. esGMX is a derivative that can be staked or redeemed for GMX over a period of time, while multiplier points reward long-term GMX stakers by boosting the interest rate on their holdings.
This means that if the user chooses to vest cem esGMX tokens which they had earned from staking 1000 GMX tokens, the user will have to stake the 1000 GMX tokens through the vesting cycle. This reduces selling pressure on GMX and GLP as users are forced to stake their tokens through vesting.
However, this did not deter GMX’s growth in any real way thus far. Since the start of 2022, GMX averages a protocol revenue of USD $2M per month.
GMX is built on the Arbitrum, and Avalanche GMX provides trading services for spot and perpetual contracts on the chain. GMX supports up to 30x leverage, and users can enjoy low transaction fees and near-zero spreads.
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Both types of platforms cater to different risk appetites and trading strategies, offering unique advantages and challenges to copyright traders.
GMX is a decentralized exchange built on Avalanche and Arbitrum. It lets DeFi users trade with up to 30x leverage in a permissionless manner. GMX offers a smooth user experience that's perfectly suited to retail DeFi traders. Share this article
GMX users can “long” or “short” up to 30 times the size of their collateral by borrowing funds from a large liquidity pool.
Pelo lado da bolsa, a GMX Têm a possibilidade de acomodar Colossal liquidez sem ter muitos TVLs saiba como este modelo AMM, graças ao uso do seu próprio modelo do pool por liquidez.
All copyright holders contribute to the Perfeito liquidity, whereas speculative traders and users with a net demand for buying and selling are responsible for most of the trading activity. However, there is often friction between the wants and demands of those who offer liquidity and those who buy and sell transactions.
The opinions expressed in this blog do not constitute investment advice and independent financial advice should be sought where appropriate.
GMX is another decentralized perpetual exchange operating on Arbitrum and Avalanche, known for its innovative GLP multi-asset liquidity pool, which allows for large trades with minimal slippage.
Almost all centralized exchanges now require KYC as a standard practice. Recent examples from 2024 include copyright and BingX, both of which have implemented stricter KYC protocols, receiving mixed reactions from users on forums like Reddit.