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Here are 7 big announcements from #GMX that you might have missed this month:
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Introducing: GMX Express. A major upgrade to the onchain trading experience, now live on @Arbitrum and @Avax. GMX Express delivers a faster, more reliable, and frictionless way to trade — even during periods of high network congestion. Here’s all that it offers users 👇 1/7 🧵
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Anyone can provide liquidity on GMX and earn fees from market making, swaps and leverage trading. The isolated GM pools and capital-efficient GLV vaults tend to offer LPs outstanding returns:👇 🔹Example: GMX's LINK/USD market on Arbitrum has recently had around 80% utilisation, and currently offers ~22.30% APY. The LPs in this pool have earned: - 19% APR compared to benchmark, over the last 3-month period. All of it coming from trading fees, while trader P&L remained neutral. - 44% APR compared to benchmark, over the last 6-month period. Out of these, 23% of APR comes from fees, and the rest comes from trader losses. With liquidity providers earning 63% of all trading fees, and the pools experiencing lower impermanent loss than typical AMMs, the $GM pools generally outperform typical Benchmark LP positions (e.g., Uniswap V2's 50/50 rebalancing pools) Concerned about exposure to trader P&L? GM liquidity pools tend to maintain balanced Open Interest, thanks to GMX V2's Adaptive Funding mechanism and balancing incentives for LPs & Traders. Consider moving your liquidity to GMX to earn market-leading returns as well.
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TON × GMX Perp DEX Development Competition: Winners Announced GMX and the TON Foundation collaborated on a Perp DEX development competition, to push the boundaries of DeFi. After assessing criteria like code quality, scalability, community traction and more, here are the contest winners: 🥇 Storm Trade — 1st place for their standout architecture & native TON integration (@storm_trade_ton) 🥈 Tradoor & TON Hedge — Tied for 2nd with alternative, high-potential approaches (@tradoor_io & @tonhedge) All winners will receive advisory support from GMX and other leading DeFi builders to accelerate their growth. Through this joint competition, the TON Foundation intended to leverage GMX's deep expertise in Perp DEX systems, while GMX aimed to foster the advancement of trading on public blockchains.
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Here are this week’s essential metrics for the $GMX protocol:
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