The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
GMX has improved the traditional Automated Market Maker (AMM) model by adopting a unique multi-asset liquidity pool model. This model allows users to deposit specified copyright assets into the liquidity pool and thus become liquidity providers.
GMX is a decentralized copyright, meaning that it is not controlled by any central authority. This ensures that the GMX network is secure, transparent, and resistant to censorship.
Users can add liquidity by minting GLP, and in return, they receive 70% of all fees generated on the corresponding blockchain. Unlike some liquidity pools, GLP experiences pelo impermanent loss.
Os detentores do token Starknet aprovam este plano do staking, o preçeste do XRP cai em meio a problemas legais, a estreia do Dogen entra em 1 ciclo do elevada
GMX is founded by a completely anonymous team. However, it is known that the team has a track record of two other successful protocol launches in XVIX and Gambit.
By offering both spot and perpetual exchange features, GMX enables users to trade cryptocurrencies with immediate settlements or take long and short positions with up to 50x leverage. This versatility makes GMX a one-stop-shop for copyright traders of all levels.
The Innovation Zone is a dedicated trading zone where users are able to trade new, innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens.
GMX launched its first version, V1, on Arbitrum in September 2021. V1 employed a unique exchange model that allowed users to trade without the need to provide liquidity.
As GMX doesn’t yet handle billions of dollars of volume like its centralized counterparts, it’s currently a product best suited to small retail traders. Still, after rapid growth over recent months, GMX could soon attract the institutional market as more big players start to experiment with DeFi. With more room for growth ahead, it’s well worth here keeping an eye on.
There are multiple competitors within the DeFi space that also offer perpetual futures. At the same time, there is the looming threat of centralized exchanges that will always have a portion of the market share.
This is because many popular centralized futures exchanges like copyright or copyright block investors in these regions from accessing those services.
Minted GLP tokens must be held for a minimum of 15 minutes before they can be redeemed. More info about GLP mechanics can be found here.
Almost all centralized exchanges now require KYC as a standard practice. Recent examples from 2024 include copyright and BingX, both of which have implemented stricter KYC protocols, receiving mixed reactions from users on forums like Reddit.