Obtendo meu gmx.io copyright para trabalhar
Obtendo meu gmx.io copyright para trabalhar
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The fund grows thanks to fees accrued through the GMX/ETH liquidity pair; it’s also supported by OlympusDAO bonds.
As the protocol itself serves as the counterparty, there’s minimal price impact when entering and exiting trades. GMX claims it can execute large trades exactly at mark price depending on the depth of the liquidity in its trading pool.
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Moreover, GMX has its own utility and governance token, which accrues 30% of the platform’s generated fees. By utilizing Chainlink Oracles to aggregate price feeds from high-volume exchanges, GMX ensures accurate and reliable pricing information.
As a trader, his target is all the assets in the GLP liquidity pool, which successive successful predictions can loot. The GLP’s liquidity provider, the source of revenue, is all the traders who open positions at the door.
As you can see, the GLP liquidity provider is in a betting relationship with the trader, and when the trader wins, the GLP liquidity pool shrinks. Conversely, when a trader loses money, the GLP liquidity pool grows.
GMX is a decentralized exchange that supports spot and perpetual contract trading. It encourages users to deposit copyright assets into a liquidity pool get more info to become market makers and earn transaction fees.
In 2021, there were roughly USD $57T perpetual swaps traded, almost a 6x increase from the previous year.
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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A liquidation occurs when a user’s collateral becomes insufficient to maintain a trade; the platform then forcefully closes the position and pockets the deposit to cover its losses.
The perpetual futures market space is colossal. Just think of how many degens there are out there, even in a bear market, trying to leverage their way to riches.
In the coming months, GMX is expected to launch several new features including synthetic assets and X4. Synthetic assets bring a brand new market to GMX, allowing any synthetic asset supported by Chainlink’s oracles to be traded.
The goal of a liquidity provider is to passively deposit assets to earn income without the need for complex operations, which GMX does very well because GLP liquidity pools are used in a way that is not much different from depositing in a bank account. Liquidity providers are wary of erratic losses, which GMX also addresses, as GLP liquidity pools are single-asset deposits and withdrawals that do not convert the deposited assets into other assets due to price fluctuations.