Gallery

Blockchain One Pager

Getting Started

important ppts

AMAs

Explore

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:

Escrowed GMX

Multiplier Points(increase APR%)

ETH 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

Staked for rewards similar to regular GMX tokens

Vested to become actual GMX tokens over a period of one year

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.

GMX/ETH LP fee will become to GLP and deposited into the floor price fund

50% of funds from Olympus bonds are sent to the floor price fund, the other 50% is used for marketing

Current Avalanche Pool State (due Mar. 26)

⁠

Current Arbitrum Pool State (due Mar. 26)

⁠

Impermanent Loss

⁠

Current Data(due Mar. 26)

⁠

Insurance

⁠

Want to print your doc?
This is not the way.

Try clicking the ⋯ next to your doc name or using a keyboard shortcut (

CtrlP

) instead.