Indicadores sobre gmx.io copyright Você Deve Saber
Indicadores sobre gmx.io copyright Você Deve Saber
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From the social media and the GitHub public codebase, it is clear that this anonymous team is working hard on its development. While it’s impossible to rule out the possibility that the team disbanded and the project was abandoned, their ability to deliver products and introduce new features is evident to everyone and has earned them the trust of the copyright community and other projects.
Yes, there is a referral program on GMX.io. Users can get fee discounts and earn rebates through the GMX referral program. The referral program has a tier system to prevent gaming through self-referrals.
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.
This isolation prevents all liquidity providers from facing risk if one asset’s price is manipulated, as seen in past AVAX price manipulation attacks.
The most apparent drawback for traders is the small selection of assets in the GLP liquidity pool, as they can only trade with a few cryptocurrencies. There is a potential additional risk of sudden spikes in funding rates, which dynamically adjust to asset utilization in the GLP liquidity pool. For example, suppose you choose to go long on LINK tokens in the contract market of the GMX platform, and soon after, you open a position.
However, when GMX or esGMX is unstaked, a proportionate amount of Multiplier Points are burnt. This further incentivizes users to keep their GMX and esGMX tokens staked rather than selling them or unstaking.
Completa staking value has topped $400 million and cumulative trading volume has surpassed $55 billion in the year since the GMX protocol was developed, making it the third-largest decentralized exchange on Arbitrum after Uniswap and Curve.
But are the traders winning, or are the liquidity providers at GLP making money? Long-term performance data gives us the answer. In the case of Arbitrum, the most heavily traded market, as of October 2022, users of GMX for perpetual contract trading had accumulated losses of over $45 million.
GMX aims to stand out by eliminating impermanent loss for liquidity providers and leveraging an AMM system that integrates leverage and futures trading directly into the liquidity pool, fostering a self-sustaining trading ecosystem.
One of the most significant differences between GMX and other decentralized exchanges is its ability to offer leverage trading services. By combining the experience of DeFi exchanges like Uniswap with the leverage trading services offered by centralized exchanges such as copyright, GMX creates a unique trading environment.
Como mencionado supra, temos 1 processo do due diligence qual aplicamos a novas moedas previamente do serem listadas. Esse processo controla quantas DE criptomoedas do Comércio global estão representadas em nosso site.
In addition, its dynamic pricing is supported by Chainlink Oracles and an aggregate of prices from leading volume exchanges. As of now, there are two tokens in the GMX.io ecosystem:
GMX generates revenue through swap fees, borrow fees on leveraged trading, liquidations, and the minting and burning of GLP. These fees are split between GLP and GMX stakers.
As long as there is liquidity in the pool, the exchange will more info complete the transaction without the risk of not finding a counterparty to match and being unable to trade.