Os Princípios Básicos de gmx.io copyright
Os Princípios Básicos de gmx.io copyright
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The fund grows thanks to fees accrued through the GMX/ETH liquidity pair; it’s also supported by OlympusDAO bonds.
GMX is a decentralized perpetual exchange tailored for copyright futures trading. According to the protocol, it boasts minimal swap fees and zero price impact. It also offers traders the flexibility to leverage up to 50x on major cryptocurrencies like BTC, ETH, among others.
In terms of perpetual contracts, the GLP liquidity pool works interestingly, a bit like an AAVE type of lending agreement, where the trader deposits a portion of the assets in the GLP liquidity pool as margin, then lends a higher value asset from the GLP liquidity pool to bet against the GLP liquidity pool, paying a percentage of interest every hour before the margin is liquidated or the asset is returned.
Additionally, 86% of the current circulating supply is staked on the platform showing investors’ trust in the project despite the bear market.
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On the surface, the GMX protocol fulfills the wishes of almost all liquidity providers: long-term, stable, low-risk, high-yielding gold flows. But the truth is less rosy than it seems because GLP liquidity pools are more than just deposits and lending like banks. Their excess returns well above the general market interest come from traders’ forfeited margin, and the increased risk taken is traders’ profit.
A total of 30% of the fees generated from swaps and leverage trading on the GMX exchange are converted to ETH / AVAX and distributed to all the staked GMX tokens. If you are staking your GMX tokens on the Arbitrum Blockchain you would receive ETH, if you are staking on the Avalanche Blockchain then you would receive AVAX.
This is a scheme on the GMX.io platform to reward long-term holders without inflation. Users who stake GMX receive Multiplier Points every second at a fixed rate of cem% APR. 1000 GMX staked for one year would earn 1000 Multiplier Points. Multiplier points can then be staked to earn free rewards.
Image Credit: @crypto_noodles A study by website Twitter user @crypto_noodles found that retail traders accounted for 31.5% of ETH perpetual volume on the protocol — the highest of all DeFi perpetual protocols analyzed likely due to the concentrated liquidity.
By delving into GMX tokenomics, traders and DeFi enthusiasts can gain a better understanding of the dual-token ecosystem that powers this innovative derivatives trading platform.
In addition, its dynamic pricing is supported by Chainlink Oracles and an aggregate of prices from leading volume exchanges. As of now, there are two tokens in the GMX.io ecosystem:
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Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and copyright is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance.