The fund grows thanks to fees accrued through the GMX/ETH liquidity pair; it’s also supported by OlympusDAO bonds.
When a user opens a trade or deposits collateral, GMX takes a snapshot of its dollar value. The value of the collateral does not change throughout the trade even if the price of the underlying asset does.
The decentralized exchange ecosystem is based on two tokens: GLP and GMX. The first token serves to supply liquidity.
This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. copyright is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.
The fast completion and zero price shock nature of GMX exchange assets make it ideal for high-volume OTC transactions. Still, the downside is that the GLP liquidity pool has a small selection of assets, which limits its potential for non-popular, long-tail assets.
GMX tokens can be purchased on decentralized exchanges such as Uniswap or SushiSwap. For this guide, we’ll use GMX as an example. Visit the GMX app website, connect your wallet and click on “Swap” to start trading.
GMX is a decentralized copyright exchange that offers spot and perpetual futures trading with low swap fees and zero price impact trades. Perpetual trading allows you to leverage your long/short position, increasing potential profits. Be careful, however, as it also increases risks. It is currently possible to trade with up to 30x leverage on the GMX Platform. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, and leverage trading. Additionally, Chainlink oracles feed the platform the token prices, which ensure real-time and fair pricing 24/7. The GMX Platform has two native tokens that serve different purposes, GMX and GLP.
The percentage of copyright customers who increased or decreased their net position in BTC over the past 24 hours through trading.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. GMX is the native utility and governance token.
It is easy to see that the GMX protocol is very tempting for liquidity providers. They only need to deposit their copyright holdings to earn a return, and there are no infrequent losses.
So why would traders still want to use the GMX protocol for trading? Because the market depth of GMX is excellent, and there are no slippage problems. Because the profit of trading is from the spread trading, using the order book trading or AMM liquidity pool trading will be due to a large amount of buying or selling to increase costs or reduce profits, but through the GLP liquidity pool to open.
Additionally, V2 has strengthened risk management tools, providing users with more protective measures to cope with market fluctuations. These updates indicate GMX’s ongoing efforts to boost the platform’s competitiveness and deliver better services to its users.
Each time a trade is made, the gambler puts his margin chips on the table to guess the ups and downs, click here and the dealer charges an opening fee to play with him.