Happy 10th Birthday @Ethereum! | GMX on Binance Square

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Happy 10th Birthday @Ethereum!

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The GMX DAO community has addressed key questions around the distribution plan for the recovered GLP funds. A follow-up vote is expected to go live on Snapshot tomorrow, Thursday. Once the results of this vote are in, the distribution of the funds to users will begin.

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GMX introduces a Single-Token Pool for the ARB/USD market: 🔸 ARB/USD [ARB-ARB] This single-asset GM pool enables users to supply 100% ARB liquidity to the ARB/USD market, allowing them to earn yield while avoiding impermanent loss. The new liquidity pool complements the existing ARB/USD [ARB-USDC] pool.

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Now live on @Avax as well: 🔸 PUMP/USD Go Long or Short on the new token from @pumpdotfun, directly from your own self-custody wallet on Avalanche. $PUMP

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Now Live: a new market for traders and liquidity providers: 🔸 PUMP/USD Long or Short the new http://Pump.fun token, straight from your own wallet, while enjoying the execution speed of GMX on Arbitrum. $PUMP 1/2

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There was a security vulnerability in the GMX V1 codebase that was disclosed. GMX V1 forks were also safely notified. We would like to recognise the actions of 0xDF3340A436c27655bA62F8281565C9925C3a5221 in this recovery. A potential exploitable amount of $42 million belonging to GLP holders was secured. After payment of a $5 million bounty to the user, the remaining funds are now safely in the GMX Security Multisig. Contributors are working on a proposed distribution plan for presentation to the GMX DAO and will share more information shortly.

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