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DeFi
GMX
What is GMX?
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.
max. 30x leverage
MM
Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees and leverage trading
Pricing oracle from chainlinks.
Swap & Trading Pairs
Pool
This is like a mutil-assest pool just like 3crvpool
If u desopit 1 kind of token, u got exporsure to all different kinds of tokens here
GMX Tokenomics
Staking GMX
GMX is the platform's utility and governance token
Staked GMX receives three types of rewards:
30% of fees generated from pool (MM, Swap and leverage) going to be rewards
Rewards: Escrowed GMX & Multiplier Points & ETH
Staking Arbitrum, rewards: ETH
Staking Avalanche, rewards: AVAX
Additional GMX Stake, help you get multiple points to earn higer APY% in GMX
You are collecting fee and losses from traders, from above which is almost balanced
Escrowed GMX
So people cannot get it now it has a continues period like 1 year.
esGMX——1 year——GMX, and need to reserve the original assest
Tokens that are reserved for vesting cannot be unstaked or sold, you can withdraw but need to withdraw all. Partial withdraw is not allowed.
After initiating vesting, the esGMX tokens will be converted into GMX every second
esGMX tokens that have been converted into GMX are claimable at anytime
GLP Tokenomics
GLP
GLP is the platform's liquidity provider token
Purchase GLP tokens to earn ETH fees from swaps and leverages trading
To buy GLP, fee may varies
For Arbitrum, holders of the GLP token earn esGMX rewards and 70% of platform fees distributed in ETH.
For Avalanche, they got AVAX.
Note that there is a minimum holding time of 15 minutes after minting before you can redeem GLP tokens
Fee for GLP mint, burn and swap, is depending on the balanced of pool, long/short in a trade...
Token weights are adjusted to help hedge GLP holders based on the open positions of traders
If the borrow fee is negative, then you need to pay for long
20% of platform fee is going to be GLP
Floor Price Fund in ETH & GLP
What is floor price fund?
Ensure liquidity in GLP and provide a reliable stream of ETH rewards for all staked GMX.
Current Avalanche Pool State (due Mar. 26)
Current Arbitrum Pool State (due Mar. 26)
Impermanent Loss
Current Data(due Mar. 26)
Insurance
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