copyright gmx.io - Uma visão geral
copyright gmx.io - Uma visão geral
Blog Article
There needs to be a reduction in transaction costs to get more people willing to trade, which creates a positive cycle where more fees and revenues attract more liquidity.
GMX tokenomics revolves around two key tokens that form the foundation of the GMX ecosystem. Understanding how these tokens work and interact with each other is essential for any derivatives trader or DeFi enthusiast interested in the GMX exchange.
DOGS is a Telegram native dog-themed memecoin, designed to build a fun community around its beloved dog mascot, Spotty, and to leverage Telegram’s large user base for good.
GMX does not use an order book to create a trading market or AMM to make quotes, so theoretically, there is no slippage. As long as liquidity is in the liquidity pool, orders of any size can be absorbed instantly without impacting the market price.
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.
GMX is founded by a completely anonymous team. However, it is known that the team has a track record of two other successful protocol launches in XVIX and Gambit.
GLP can be minted by users who wish to provide liquidity on GMX by using any of the tokens in the pool. To maintain the composition of the pool, liquidity providers are incentivized to mint GLP with assets that are currently underweighted in the pool based on its current composition.
Although GMX V1 provided a relatively comprehensive on-chain derivatives solution and became the largest on-chain derivatives market by TVL, it had several user experience issues. These included high trading fees, potentially high borrowing costs for both long and short positions leading to high holding costs, significant skew in long and short positions causing losses for GLP holders, and the risk of a single asset causing losses for all GLP holders.
GMX launched its first version, V1, on Arbitrum in September 2021. V1 employed a unique exchange model that allowed users to trade without the need to provide liquidity.
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Some of the platform’s advantages over competitors include low swap fees and the ability to here conduct trades with zero price impact.
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This allows users to leverage up to 50x on their trades and tap into a multi-asset GLP pool worth more than $603 million.
GMX innovatively redefines liquidity pools, allowing users to exchange assets at a low cost and without price slippage, even for large transactions. For liquidity providers, GLP liquidity pools are not plagued by impermanent losses. They can add and redeem liquidity with a single asset and earn various revenues, such as transaction fees, funding rates, and liquidation fees.