GMX is built on a state-of-the-art blockchain that offers a high level of security and scalability. This blockchain is designed to handle a large volume of transactions efficiently, making GMX a reliable choice for users who value speed and convenience.
Avalanche’s GLP pool comprises AVAX, ETH, BTC, and USDC. The GLP pools on different chains are not connected, but the share of stablecoins is close to about 50%, equivalent to the asset index portfolio of a basket of cryptocurrencies.
$GLP holders have exposure to all of these assets, as well as trading fees and some rewards in the form of $esGMX tokens.
GMX does not use an order book to create a trading market or AMM to make quotes, so theoretically, there is no slippage. As long as liquidity is in the liquidity pool, orders of any size can be absorbed instantly without impacting the market price.
Since GLP stakers bear the risk of trades on the platform, 70% of platform fees are distributed to liquidity providers and the remaining 30% is given to GMX stakers.
Successful traders are paid out by the liquidity pool, while unsuccessful traders payout to liquidity providers. This unique blend of DeFi and leverage trading services makes GMX an attractive option for derivatives traders.
Security is a more info top priority for GMX. The copyright uses advanced encryption techniques to ensure that all transactions are secure and that user data is protected.
Polymarket is a leading decentralized prediction market based on Polygon, and recently garnered attention as the US Presidential election race heats up.
Among other things, it allows market participants to profit from price downturns, reduce risk in uncertain conditions, and bet big on an asset when they have conviction.
The founder details of GMX are not prominently disclosed, aligning with the decentralized ethos of the platform which focuses more on collective governance and community-driven development.
BloFin also allows users to buy cryptocurrencies directly with fiat through debit or credit cards, adding convenience that’s rare among non-KYC exchanges.
GLP liquidity pools employ Chainlink’s dynamic aggregation prediction machine to receive pricing information from copyright, FTX, and copyright exchanges and filter out extreme values that lack actual liquidity.
The advantages of the GMX protocol model for users of exchange assets are apparent. Regarding transaction fee rates, GMX is the same as most other decentralized exchanges, around 0.3% of the Completa transaction amount. Still, regarding exchange rate stability, GMX outperforms almost all of its competitors in the market.
Many decentralized exchange aggregation protocols also benefício the zero transaction spread of the GMX protocol. Yield YAK, a revenue aggregation protocol on the Avalanche blockchain network, has more than 35% of its trading volume done through the GLP liquidity pool.