The fund grows thanks to fees accrued through the GMX/ETH liquidity pair; it’s also supported by OlympusDAO bonds.
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The decentralized exchange ecosystem is based on two tokens: GLP and GMX. The first token serves to supply liquidity.
An essential aspect of the GMX platform is its dual-token ecosystem, comprising the GMX token and the GLP token. These tokens serve different purposes: GMX as a utility and governance token, and GLP as a liquidity provider token.
Another drawback for DeFi futures is that the majority of the exotic pairs usually have very low volume and liquidity.
The dealer always hopes that a gambler’s error in judgment will result in a margin forfeit, even if the opening desk fee and hourly interest income mitigate the occasional lucky win.
Leverage trading—the act of borrowing funds from financial platforms in order to increase one’s exposure to price movements—has become an essential part of the copyright ecosystem in recent years.
Through an AMM, there will always be a willing counterparty at a given price as long as there is enough liquidity in the pool.
GMX aims to stand out by eliminating impermanent loss for liquidity providers and leveraging an AMM system that integrates leverage and futures trading directly into the liquidity pool, fostering a self-sustaining trading ecosystem.
The development team of the GMX protocol is also very much in the style of Web 3, and the members are all anonymous, so pelo one knows who they are yet, but the only thing for sure is that they have made a great product. According to the list of members of the social software Telegram, the GMX team consists of the following members (all names are displayed in Telegram)
GMX is a decentralized exchange (DEX) for trading perpetual copyright futures with up to 50X leverage on popular cryptocurrencies like BTC, ETH and more.
This is because many popular centralized futures exchanges like copyright or copyright block investors in these regions from accessing those services.
The advantages of the GMX protocol model for users of exchange assets are apparent. Regarding transaction fee rates, GMX is the same as most other decentralized exchanges, around 0.3% of the Perfeito transaction amount. Still, regarding exchange rate stability, GMX outperforms almost all of its competitors in the market.
GMX innovatively redefines liquidity pools, allowing users to exchange assets at a low cost and without price slippage, even click here 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.