Kalcrypto

[Kalcrypto @Kalcrypto1]

GLV Performance Analysis 📈

🔥Earn >20% APR by providing liquidity to GLV(ETH-USDC) and GLV(BTC-USDC) and still have 50% exposure to ETH and BTC!

It has been around 6 months since launch of GLV by @GMX_IO and it is time to dive in to take a look at its performance.

1/13

[Saulius 🫐 @sliux]

$INT is building one of the most interesting onchain lottery ecosystems on #Base. Next draw is in 24 hours, so quick thread on what’s new, what’s improved, and why this is bigger than “just buy a ticket.” 🧵
1/7

[GMX 🫐 @GMX_IO]

Are you interested in leading protocol strategy, operations, and growth for one of DeFi's most established perp exchanges?

Read the full profile on the GMX Governance forum: https://t.co/t8swuzKujO

⏳ Application deadline: April 3

2/2

[Kalcrypto @Kalcrypto1]

Wait already on another chain and that too one of the biggest OG chain.

@BNBCHAIN is where it all began for GMX(Gambit).

Prodigal son returns back home!!! LFG

[GMX 🫐 @GMX_IO]

GMX is now live on @BNBChain!

This crucial expansion brings our transparently fair, liquid Perp and Spot markets to one of the largest DeFi ecosystems.

All of BNB Chain's ~4.5 Million daily active users can now trade on GMX: permissionlessly and seamlessly cross-chain.👇

1/🧵

[Kalcrypto @Kalcrypto1]

Hmm Alpha! 😋😋😋

[JJcycles @JJcycles]

Today I started looking into @botanix which is a Bitcoin L2 that allows you to trade on GMX perp DEX with BTC as collateral.

Word of mouth is that there is a secret point season ongoing.

I used https://t.co/jpEGG4XQ52 to bridge some native BTC and opened my first trade.

[Kalcrypto @Kalcrypto1]

@tanoeth Also this is effectively price impact on $20m because it is on net basis. In GMX V2 there is no longer price impact on open it is on net basis at close. So it comes out to be 0.0007%. On HL for the same trade for $10m open and close you could potentially pay around 0.04%

[Toros ♉︎ @torosfinance]

$BNB season is here

BNB Bull 2X is live on Toros. Constant 2x exposure on BNB for exponential gains

Load up the beans

[Kalcrypto @Kalcrypto1]

Sounds pretty cool. If you trade on @GMX_IO you could try this out and see if you can not only beat the market but also others. Farm some extra dopamine and bragging rights!! kek

[Stimpak.io @stimpak_io]

Big news: Duels are now LIVE on Arbitrum — and thanks to @GMX_IO, we’re kicking things off with weekly GMX-sponsored competitions! ⚔️

Here’s how you can join in 👇

https://t.co/OPJ44EzCaA

[Kalcrypto @Kalcrypto1]

@LayerZero_Core @GMX_IO @base Everywhere for Everyone Defi

[Kalcrypto @Kalcrypto1]

Well anticipated GMX Multi-chain feature is live. Lets go @base users.

You can now trade AERO, BRETT, WELL, ZORA, MORPHO and ETH, BTC, SOL and all major tokens at 50 to 100x!

@AerodromeFi @BasedBrett @MoonwellDeFi @zora @MorphoLabs @wagmiAlexander @PaulFrambot

[GMX 🫐 @GMX_IO]

https://t.co/r3JbSaUC5w

[Kalcrypto @Kalcrypto1]

@DrDaveDeFi @GMX_IO @arbitrum we heard you ser and LINK RF has been increased and link marines have additional 5 more million to long if they desire.

[Kalcrypto @Kalcrypto1]

Good summary of GMX

[Crypto DeFi 𝕏 @Crypt0_DeFi]

GMX V2.2 on Arbitrum: Smarter, Safer, and Faster

Big news for crypto traders and GMX fans! With GMX V2.2, the protocol is taking risk management, pool efficiency, and treasury strategy to the next level now fully leveraging

@Arbitrum’s fast and low-cost Layer-2 network.

▪️Why This Proposal Matters

@GMX_IO pools collect Price Impact funds from trades that move the market. These funds help rebalance pools and reward traders fairly. Over time, excess funds have built up, but before V2.2, these funds were:

🔹Locked in individual pools, making them hard to use efficiently

🔹Causing small balance distortions that could affect LPs

🔹Sitting idle despite pools delivering over 30% annualized returns for ETH and BTC markets

Now, with V2.2, these funds can be redeemed into the GMX DAO Treasury, creating a clear, strategic resource for the protocol.

▪️What V2.2 Changes

🔹Redeemable Price Impact Funds. Excess funds can move from pools to the DAO Treasury

🔹Better Risk Management. The DAO can manage funds across all pools, not just individually

🔹Supports Hybrid Models. Future permissionless markets and pooled risk management are possible

🔹Improved Pool Rebalancing. Removing distortions boosts efficiency and performance

All of this runs on Arbitrum, meaning transactions are fast, cheap, and fully secured by Ethereum.

Traders can benefit from GMX pools without worrying about high gas costs or slow execution.

▪️Current GMX Metrics

GMX is growing fast:

🔹Open Interest: $245 million
🔹GM Token Liquidity: $447 million
🔹Total Volume: $312 billion
🔹Price Impact Funds: $19 million

With V2.2, part of these funds can now be safely transferred to the DAO Treasury while pools keep enough balance to operate smoothly.

▪️Proposal Details

🔹Maintain sufficient funds in pools for proper operation
🔹Move surplus funds to the DAO Treasury using timelocked transactions with Security Committee oversight
🔹Funds are in Index tokens, fully separate from LP assets, so no risk to GM token or LP holdings

▪️These treasury funds can be used for:

https://t.co/MBC2TJBr80 Safety Reserve Fund. Extra security and risk protection
2.Umbrella Risk Framework. Flexible allocation across pools
3.Liquidity and Trading Incentives. Grow the ecosystem and attract more users
https://t.co/o70F08jnKU Pool and GLV Bootstrapping. Support deeper liquidity

🔹🔹👇👇👇👇

[Ethereum @ethereum]

7/ Projects like @yearnfi and @GMX_IO are making DeFi more accessible. Yearn pioneered yield aggregation, automating strategies across protocols, while GMX brings leveraged trading onchain.

[SniperMonke @SniperMonke01]

What seemed improbable, impossible, unlikely, occurred today, where a white hat returned generational amounts of money after exploiting one of the most robust and forked codebases in DeFi.

While not personally a contributor to @GMX_IO I've come to know many of them, have met and shared drinks with them. Some of my closest friends in the space emerged from the GMX community, born in the bear market. Seeing what could have been a devastating blow to all of that was sickening.

I don't think it can be understated how calm and collected those that I spoke to remained through the last 48 hours, and its a true testament as to why GMX has the brand the recognition and respect it does.

Seeing 99% of the replies and DMs filled with pure love and positivity across x, telegram, and discord, be it from integration partners, KOLs, and even competing protocols makes me hopeful for the space. Sure, you'll always get the odd snide remark but i think most recognise that when fellow DeFi protocols suffer such exploits it is damaging for the entire space, and in those moments you should wish for the best outcome.

Happy that this story has a positive ending, with lessons to be learned to make sure GMX comes back stronger than ever.

🫐♾

[X 🫐 @xdev_10]

To clarify on the audits, the full code base including the final version of the PositionManager and ShortsTracker contracts were audited by @GuardianAudits in Nov 2023

As GMX V2 was already live then and the plans were to gradually sunset V1, these audit findings were not published

No critical issues were found during this audit, so unfortunately this particular issue was not uncovered

Regardless of this we continue to vouch for the work done by @GuardianAudits, they have caught numerous other issues, ensuring that things continued running smoothly, when this V1 incident occurred they provided their full support in checking the issue and verifying the follow up steps

Even really good auditors can miss things at times, and Guardian has continued to increase in strength and quality since this audit 2 years ago

This incident is a timely reminder for us, more layers of security are needed and we will continue working on that to increase the safety of the GMX protocol

[SniperMonke @SniperMonke01]

Day 7 - The Future of $GMX and beyond

"wen"

[SniperMonke @SniperMonke01]

Day 6 - Hedge your spot in one transaction on $GMX

[SniperMonke @SniperMonke01]

Open/Close fees are a little higher compared to the regular pools to prevent manipulation, but factoring in a lack of slippage this still offers the trader a far better opening price vs other trading venues, the example shown here being Hyperliquid.

[SniperMonke @SniperMonke01]

Day 3: Oracle based trading on $GMX

Trade safe without a target on your back 🎯

[SniperMonke @SniperMonke01]

GMX is now live on the Spiderchain🕷️

Using any EVM wallet here's how to get in:

- Bridge on @gardenfi for BTC: https://t.co/Fpd10Xfr0z
- Swap BTC -> stBTC on $GMX: https://t.co/FRha3EpjNq
- Deposit into gmBTC: https://t.co/AV937BN3Ud

Sit back & enjoy the yield🫐

[SniperMonke @SniperMonke01]

Day 2: Multicoin Collateral on $GMX

Directionally bet while you directionally bet