copyright gmx.io - Uma visão geral
copyright gmx.io - Uma visão geral
Blog Article
The fund grows thanks to fees accrued through the GMX/ETH liquidity pair; it’s also supported by OlympusDAO bonds.
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.
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However, this did not deter GMX’s growth in any real way thus far. Since the start of 2022, GMX averages a protocol revenue of USD $2M per month.
Introducing funding fees determined by the open interest of long and short positions, facilitating balance between the two through arbitrage.
This appchain ensures that the dYdX protocol uses a decentralized order book and matching engine that enhances the platform's scalability and security.
The GMX token serves as a utility and governance token. It enables staking, fee payments, and participation in DAO governance within the GMX decentralized exchange platform. The live price of GMX is updated and available in real time on copyright.
Users can deposit their copyright into the GLP pool to become liquidity providers and receive credentials for GLP tokens. Users staking GLP tokens can receive transition fees, funding fees, and liquidation fees, which fees will directly convert to the native assets of that blockchain network.
Therefore, GMX is well positioned to continue growing its platform with its low fees and fast transactions pivotal to user experience and stickiness. The upcoming X4 should provide opportunities for other projects to build on top of GMX, allowing it to increase the protocol’s reach and user base.
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The second token, GLP, represents the index of assets used in the protocol’s trading pool. GLP coins can be minted using assets from the index, such as BTC or ETH, and can be burned to redeem these assets. GLP holders provide the liquidity traders need to get leverage. This means they book a profit when traders take a loss, and they take a loss when traders book a profit.
The profit from the closed position is taken out of the GLP liquidity pool. The profit from closing the position will be removed from the GLP liquidity pool, while the loss will be deducted from the margin.
This allows users to leverage up to 50x on their trades and tap into a multi-asset GLP copyright gmx.io pool worth more than $603 million.
Still, like a master contract trader, winning all the money on the platform is theoretically possible, but it is almost impossible. In retrospect, most market participants have lost, and the investors must carefully weigh returns against other potential crises before deciding to participate in an investment.