GMX has enabled a 'Kink' Borrowing Model on all markets, boosting available liquidity by 30-40%. The change is now live!
Large and institutional traders now have access to hundreds of millions in liquidity on GMX.
Trade crypto at scale, on-chain:
1/3🧵
GMX V2 beta is Live on
@Arbitrum
and
@Avax
! 🫐
->
- New assets are available for trading
- Multiple collateral types can be used
- Faster execution speed & lower slippage
- Low-fee swaps and trades
- Isolated pools
- OI balancing and Swap incentives
1/5
Thanks to
@WOOnetwork
for spontaneously featuring GMX in this mythical ‘WOOFi and the Arbonauts’ adventure.
It’s great to see WOOFi expanding to
@Arbitrum
and introducing more users to the Layer 2 ecosystem that has helped GMX thrive.
GMX has successfully integrated Chainlink’s new low-latency oracles, Data Streams, for the full launch of GMX V2 on Arbitrum mainnet. On-chain trading continues to evolve, and just became a lot faster! 🫐
Try it out here:
Leading decentralized perpetual exchange
@GMX_IO
is now leveraging Chainlink Data Streams on mainnet to access high-frequency market data & automate trade settlement.
The result is a superior user experience and greatly improved security that doesn’t compromise on Web3 values.
GMX now provides real-time price updates and faster on-chain execution speed due to integrating
@Chainlink
Data Streams.
Moreover, trading fees on
@Arbitrum
have been lowered to ~0.015%, comparable to leading CEX's VIP tiers — but available to *ALL*
#DeFi
traders instead.
1/2
1/5
Dear community members,
GMX is pleased to announce that the proposal to integrate
@chainlink
's new oracles passed the GMX DAO Snapshot vote with overwhelming support. We'd like to thank everyone who participated.
This integration enhances both the security and UX of GMX.
As part of continuing efforts to decentralize GMX and boost protocol resilience, it is proposed to make
@chainlink
the oracle partner of
#GMXV2
— and GMX the exclusive launch partner of their new low-latency oracles.
Read the new proposal to GMX DAO:
🫐
1/3
The incentives GMX was granted by the
@Arbitrum
DAO to support the growth of the Arbitrum DeFi ecosystem have been successfully received.
On Wednesday 8 November, tomorrow, the GMX V2 incentive program kicks off...
We're excited to announce that
@FinanceChainge
has successfully integrated GMX's decentralized perpetual swaps into their popular cross-chain DEX and wallet.
Many thanks to the builders from Chainge for furthering
#DeFi
innovation in this manner.
GMX has put forth a grant proposal as part of the Short-Term Incentives Program (STIP) of the
@Arbitrum
DAO.
The aim is to create a foundational trading and liquidity layer that will stimulate broad engagement with
#DeFi
on Arbitrum.
View the proposal at:
1/ GMX has joined forces with
@perpprotocol
and
@DriftProtocol
to unite the crypto community around the values of
#DeFi
:
Decentralization, immutability, transparency.
Today, GMX is joining
#AvalancheRush
!
GMX's decentralized perpetual futures & swaps have been live on
@avalancheavax
for almost a year. We're excited to be working together to bring $4,000,000 in Rush rewards, and additional benefits, for our community.
Engagement with
@Arbitrum
Odyssey: Reignited is very high, which is great to see.
Haven't participated in the GMX quests yet? You can still explore the Blueberry Nebula here in the coming days:
Please join us for a Twitter Space with Avalanche about
#AvalancheRush
, this Thursday at 18:30 UTC.
You’ll learn all about
@avalancheavax
's incentive program and how GMX users will benefit from it.
@TheBerryPodcast
will host the Space. Set a reminder:
GMX deployed on 1 September 2021, when
@Arbitrum
launched. Since its conception, the protocol has facilitated:
🔹3.4 million trades
🔹By 534,000+ users
🔹For more than $173 Billion in volume
🔹and paid out $276 Million in fees to its stakeholders
Thank you for supporting
#DeFi
.
GMX is excited to be one of the first dApps in the new
#Binance
Web3 Wallet.
Users will soon be able to trade on GMX — conveniently, non-custodially, and securely — directly from the wallet: 👉
1/2
On the first day of the new year, what better way to give thanks than to highlight the amazing contributors to the GMX Ecosystem...
To everyone in the extended community, your support has been invaluable. Thank you. Together, we keep building excellent
#DeFi
solutions in 2024 🫐
GMX is thrilled to announce the first batch of accepted grant applications from the
#GMX
Grants Program!
A short thread introducing all the projects funded so far:
GMX is excited to announce the launch of a BNB market on Arbitrum GMXv2, supported by a bridged wBNB token utilizing
@LayerZero_Labs
technology.
The GMX Grants Committee has confirmed that 100,000 ARB of incentives will go to early LP's in the GM(BNB) pool until March.
1/3
The GMX ecosystem is steadily expanding. With its deep liquidity, the protocol functions as a base layer for
#DeFi
on the
@Arbitrum
and
@Avalanche
blockchains.
A sincere thanks to everyone building added-value instruments on top of the $GM Pools, $GLP, and GMX's trading system.
GMX introduces Single-Token Pools, starting with yield-earning BTC and ETH liquidity pools on
@Arbitrum
!
Earn on your BTC & ETH:
These new markets allow liquidity providers to earn fees from supporting trading while maintaining their full crypto
1/
Public voting is now live on the GMX
@DuneAnalytics
Dashboard Contest!
The jury has announced the nominees. It’s time to vote and help decide which of those dashboards will win the top prizes, including being featured on the GMX ecosystem page.
As of today, no less than 300,000 users have used the GMX exchange to trade!
A sincere thanks to all of you. Without our big community of traders, stakers, liquidity providers and other supporters, GMX would not be where it is today. 🫐
Let's keep building better
#DeFi
.
GMX will receive its allocation from the Arbitrum Builder Airdrop at: 0x0263ad94023a5Df6d64f54BFEF089F1FBF8A4CA0
All ARB will be held in the Treasury; utilized once approved by governance.
We thank the Arbitrum DAO, and look forward to continue building the ecosystem together.
The
@Arbitrum
Odyssey: Reignited will begin tomorrow, Tuesday 26 September, and start with GMX.
Two straightforward missions await you, and will help you discover GMX V2. Prepare for your on-chain excursion by signing up at
@Galxe
.
GMX V2 is now using
@Chainlink
Data Streams on Arbitrum mainnet.
By integrating Data Streams, GMX can provide real-time pricing updates and quicker on-chain transactions. The result is strengthened protocol performance and data security, along with help with mitigating
In the last weeks, GMX's devs have:
- Added the GMX V2 markets to the earn page
- Added virtual price impact calculations to the interface
- Updated the V2 contracts based on audits from
@GuardianAudits
&
@sherlockdefi
. All fixes were applied; will now be re-audited
#GMXV2
To all new GMX users, thank you for trying out our decentralized trading solution. We hope you enjoy the user experience, and welcome your questions and feedback!
Connect with the $GMX community via:
Telegram:
or
Discord:
GMX is thrilled to announce the final list of accepted applications from the GMX Grants Program!
🧵Introducing all the builders that have received a Grant:
1/22
GMX has been successfully integrated into the new self-custodial Web3 Wallet from
@Binance
!
Any Binance user can now trade on
#GMX
, safely and conveniently.
Let's bring the millions of users of centralised exchanges on-chain, and help them discover permissionless
#DeFi
👇🏼
1/2
Airdrop time 👀
We're giving out $500k worth of crypto, ranging from 1 $SHIB to 1
#BTC
Even better, all you have to do is make a swap using your
#Binance
Web3 Wallet to qualify.
Go ➡️
Weekly Rewards Info 🔹
$8,755,929.77 collected in the past 7 days
$6,611,002.36 (ARB), $2,081,873.01 (AVAX), $63,054.40 (GMX-ETH)
To buy and stake $GMX / $GLP:
GMX will be showcased in the
#Binance
Web3 Wallet over the coming weeks. The aim is to help millions of exchange users realise just how far on-chain trading has come:
🔸Intuitive UX & fast execution
🔸Low fees & deep liquidity
🔸On top of self-custody & transparency
1/4
GMX is thrilled to announce the launch of 3 new perpetual & spot markets on GMX V2 on
@Arbitrum
:
🔹$ATOM from
@Cosmos
🔹$NEAR from
@NEARProtocol
🔹$AAVE from
@Aave
Trade them on GMX now:
1/4
Weekly Rewards Info 🔹
$6,180,595.47 collected in the past 7 days
$5,652,063.30 (ARB), $439,111.76 (AVAX), $89,420.41 (GMX-ETH)
To buy and stake $GMX / $GLP:
GMX has now enabled trading incentives for all V2 markets.
This initiative aims to bring trading fees on the decentralised perpetual exchange to 0.02% on average – a level comparable to that of leading centralised exchanges like Binance, ByBit, and others.
1/2
Thanks to everyone in the community for helping to make
#GMXv2
a success!
To trade on the new GMX V2 Markets:
Discover the opportunities for Liquidity Providers:
Weekly Rewards Info 🔹
$7,168,607.14 collected in the past 7 days
$6,858,263.42 (ARB), $310,343.72 (AVAX), $12,336.73 (GMX-ETH)
To buy and stake $GMX / $GLP:
'Discover' has launched – the Launchpad for the
#Avalanche
ecosystem!
The Discover hub makes it easy to keep tabs on all news & events from
@avalancheavax
.
Check out GMX's profile, and explore 300+ other Avalanche dApps, at:
🫐
Weekly Rewards Info 🔹
$3,575,426.93 collected in the past 7 days
$3,109,360.01 (ARB), $435,309.69 (AVAX), $30,757.23 (GMX-ETH)
To buy and stake $GMX / $GLP:
GMX V2 offers deep on-chain liquidity to trade assets like
@Chainlink
's $LINK and
#Solana
's $SOL.
The SOL/USDC GM pool on
@Arbitrum
has 16,2 million USD in TVL, while the LINK/USDC pool offers close to 10m USD of liquidity.
🔹View the GM pools at:
1/5
The second one-week contest of the GMX
#EIP4844
Trading Competition has just started. Trade now and win your share of a 140,000 ARB prize pot!
🔷
Congratulations to the winners of the first contest. Your earned prizes will be distributed to your wallets.
GMX is excited to announce the launch of a long-awaited perpetual & spot market on GMX V2 on
@Arbitrum
:
🔸GMX/USD
Provide liquidity using GMX or USDC tokens now, or trade with low fees and full custody of your funds:
Over the last weeks, GMX's development contributors have:
- Added the subgraph and interface for the GMX V2 trade history
- Added the interface component to claim funding fees
- Added the history of funding fee claims for the V2 interface
#GMXv2
The total value locked in the $GM pools of GMX V2 is soaring, crossing 220 million today on
#Arbitrum
.
Thanks go out to all the liquidity providers supporting the GMX protocol.
Trade with this deep on-chain liquidity, and low trading fees, at: 🔹
GMX’s proposal for the
@Arbitrum
STIP grant program has reached quorum, and been accepted by the DAO with more than 186 million votes in favour.
The passing of the proposal will enable GMX, alongside other leading protocols, to boost the growth of Arbitrum and its
#DeFi
GMX has put forth a grant proposal as part of the Short-Term Incentives Program (STIP) of the
@Arbitrum
DAO.
The aim is to create a foundational trading and liquidity layer that will stimulate broad engagement with
#DeFi
on Arbitrum.
View the proposal at:
Clarifying on this issue
GMX contributors received a report on Immunefi that there were at times a deviation of the price of GLP from the price it should be at
1/n
1/ We all love
#GMX
, but there’s some stuff you should know:
1. The $GLP price and AUM value is wrong.
2. Delta Neutral Strategies built on GMX are potentially at risk.
Here’s the proof...
GMX developers and security partners have thoroughly reviewed and found no issues. GMX was not affected by today's Ledger Connect exploit.
As a general policy, please exercise caution while interacting with DApps, and use wallets that simulate
Transparency and security are crucial, as recent events have once again made clear.
To make it easier to oversee exchange holdings,
@nansen_ai
is making their portfolios publically available.
View all user deposits in the GLP Pool on GMX's Dashboard:
Weekly Rewards Distribution 🔹
$2,298,820.92 collected for the past 7 days
$1,772,773.67 (ARB), $411,807.72 (AVAX), $114,239.53 (GMX-ETH)
To buy and stake $GMX / $GLP:
GMX's total trading volume on Avalanche has passed the milestone of 25 Billion USD.
Meanwhile, the APR on the AVAX/USD pool stands at over 43%!
#RealYield
The TVL of all the
@Avalanche
GM pools is close to 10 million USD.
View the LP opportunities:
The
#GMXRUSH
Trading Contest will launch on
#Avalanche
on 16 November, as thanks for GMX joining
#AvalancheRush
!
Showcase your trading skills transparently on-chain, win big prizes, and easily share your results.
Learn how top traders will be rewarded:
GMX has launched a new market for perpetual & spot trading on GMX V2 on
#Arbitrum
:
🔹OP, from the
@Optimism
Layer 2.
Trade now, and take part in the just-launched GMX
#EIP4844
Trading Competition, or provide liquidity to the OP $GM pool:
1/3
Weekly Rewards Info 🔹
$4,118,725.28 collected in the past 7 days
$3,361,859.69 (ARB), $745,002.43 (AVAX), $11,863.16 (GMX-ETH)
To buy and stake $GMX / $GLP:
The
#GMXRUSH
Trading Contest on
#Avalanche
launches in about 40 minutes; at 12:00 UTC today!
Join by claiming your profile at:
May the best trader win! 🫐
Learn about the contest's prizes and guidelines:
#AvalancheRush
GMX has been successfully integrated with the
@OKXweb3
Wallet, allowing its hundreds of thousands of users to conveniently trade on GMX's permissionless exchange.
OKX Wallet users can access GMX via web extension, or the Discover platform.
🔹 Trade at:
GMX is transitioning to on-chain Governance, and the GMX DAO is now live on Tally:
🔹
Please delegate your voting power on Tally before staking or claiming GMX rewards. Stakeholders in the protocol are also invited to nominate themselves as delegates.
Trading volume on
#GMXv2
has skyrocketed past 25 Billion USD, with more than $2.88 billion traded on the V2 markets in just the last week.
Self-custody. Deep liquidity. Fast execution.
Enjoy an optimised on-chain trading experience:
Liquidity in the GM pools of GMX V2 now far exceeds that of the GLP pool of GMX V1.
Total Value Locked stands at 284 million USD in the $GM pools, versus 219 million in $GLP.
And 102,280 users have already traded on GMX V2, a testament to the model's Product-Market Fit.
1/2
An incentive campaign has just launched for GMX on the Avalanche blockchain, to give all
@Avax
users a Boost!
Provide liquidity and trade perpetuals during the GMX Summer Boost campaign to grab your share of AVAX rewards.
Starting today, GMX users on Avalanche benefit from the
Weekly Rewards Info 🔹
$7,648,041.59 collected in the past 7 days
$6,566,297.52 (ARB), $1,025,758.71 (AVAX), $55,985.36 (GMX-ETH)
To buy and stake $GMX / $GLP:
Dear GMX community members,
A Snapshot vote has been initiated, based on the governance forum discussion about how to establish the fee splits for GMX v2.
Please cast your votes on-chain now:
🫐
GMX V2 Testnet is now publicly available, we're excited to announce!
Read the details below, and participate in the testing process. Your feedback is highly valued and appreciated.
🫐
#gmxv2
GMX will take part in
#ArbitrumFrontier
🧑🚀💙, to encourage users to get familiar with various useful DeFi protocols on the high-speed
@Arbitrum
layer-2 blockchain.
With $ARB incentives from the DAO's STIP Grants being distributed, now is the ideal time to explore Arbitrum...
Introducing GMX Liquidity Vaults (GLV) - Now Live!
GLV is a vault of automatically rebalancing GM tokens, generating fees from leverage trading and swaps across all the included markets.
It can be visualised as a 'pool of pools'. Or an index of all the GM pools with common
Weekly Rewards Info 🔹
$3,669,454.44 collected in the past 7 days
$3,158,681.81 (ARB), $497,834.00 (AVAX), $12,938.63 (GMX-ETH)
To buy and stake $GMX / $GLP:
GMX V2: fees as low as VIP traders enjoy on leading CEXs. Every trader is equal on
#GMX
.
Now is the time to move on-chain:
🔹
Over 248k ARB tokens were airdropped to 2265 GMX traders to refund fees paid during this first week of Trading Incentives.
Weekly Rewards Info 🔹
$2,496,108.26 collected in the past 7 days
$2,086,685.83 (ARB), $389,642.47 (AVAX), $19,779.96 (GMX-ETH)
To buy and stake $GMX / $GLP:
Gas costs on GMX have reached exceptionally low levels, thanks to today's ArbOS Atlas update. Trading on-chain has never been more accessible:
✅ Claim Rewards: $0.02
✅ Simple Swap: $0.04
✅ Long/Short: $0.20
Another round of gas savings, you say?!
Phase 2 of ArbOS Atlas is now live and the Arbitrum One gas fees have been further reduced! ⛽️
1️⃣ Lower fee floor, lower average fees
2️⃣ Stacks with blob savings
More below 👇
In the last weeks, GMX's dev contributors have:
- Updated the dApp dashboard with the GMX V2 markets.
- Received reports from
@GuardianAudits
&
@sherlockdefi
, and fixed the final issues.
- Added the APR for V2 markets on the interface and the APR info subgraph.
#GMXV2
Please note: at 18:30 UTC today, we are getting together with
@avalancheavax
for a Twitter Spaces discussion about the
#AvalancheRush
program.
Our friends from
@TheBerryPodcast
will host the Space. Join, or set a reminder, here
GMX announces the launch of a new perpetual & spot market on GMX V2 on
@Arbitrum
:
🔹
@AVAX
token from the Avalanche blockchain
Provide liquidity now to benefit from $GM pool bootstrap incentives. Or trade with low fees and full custody of your funds:
1/3
Weekly Rewards Info 🔹
$1,189,544.74 collected in the past 7 days
$1,033,475.47 (ARB), $156,069.26 (AVAX), $7,427.37 (GMX-ETH)
To buy and stake $GMX / $GLP:
GMX announces a new market on
@Arbitrum
:
🔹 ETH/USD [wstETH/USDe]
Trade
#Ethereum
perpetual futures, supported by a liquidity pool with wrapped staked ETH (wstETH) from
@LidoFinance
and the USDe synthetic dollar from
@Ethena_labs
!
1/3 🧵
A proposal to add GMX's BTC $GM pool token to
@Aave
V3 on Arbitrum has gone live!
GM tokens being supported by an eminent money market like Aave underlines their role as prime
#DeFi
collateral. LP's will be able to borrow against their $172M of gmBTC.
>
More than 500,000 users have used GMX to trade! 🫐
Thanks to all of you in the blueberry community and
@Arbitrum
and
@Avalanche
ecosystems for helping the exchange reach this milestone.
Self-custody. Deep liquidity. Fast execution. Let's keep building better
#DeFi
together.
Live now on Avalanche: GMX Summer Boost
🔸 Lowest trading fees: 75% of all GMX V2 open & close fees are rebated
🔸 Boosted rewards for GM liquidity providers: earn AVAX on top of the fees earned from market making, swaps and margin trading
Trade now: