EthereumLawyer aka michael.avax🔺🫐

Tech enthusiast, innovator, automator, and economist with a legal mind ...
Save on trading fees on Avalanche and Arbitrum

[EthereumLawyer aka michael.avax🔺🫐 @MicNation]

@GMX_IO Team keeps shipping like crazy. Best place to trade now on most chains.

[GMX 🫐 @GMX_IO]

https://t.co/7jN1gVTcwS

[EthereumLawyer aka michael.avax🔺🫐 @MicNation]

@what_xbt @CryptoCurb @binance https://t.co/4h4nn0p6Td

[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/🧵

[EthereumLawyer aka michael.avax🔺🫐 @MicNation]

@GMX_IO Just the first step… but this will lead to mainnet / bsc and many other chain unlocks. Traders/ investors, you can farm perp dexes (in name only) or you can go with the actual OG - open source - with Lindy / battle tested & made with bitcoin / crypto philosophy in mind.

[GMX 🫐 @GMX_IO]

https://t.co/r3JbSaUC5w

[SniperMonke @SniperMonke01]

Time to accelerate 🫐

[SniperMonke @SniperMonke01]

In under a year @GMX_IO has purchased 15% of its circulating supply from the open market using real revenue🫐

Arguments can be made for or against the impact on price were these burned or held in a strategic reserve, but its quite the feat nonetheless.

$GMX

[EthereumLawyer aka michael.avax🔺🫐 @MicNation]

@AvalancheIntern @luigidemeo What’s it called?

[Seraph Berry 🐎 @SeraphSassy]

You are not bullish enough.
Expanding @GMX_IO to BNBChain because of @cz_binance
That’s all it takes for $gmx to go bnb

Let’s go to the chain where bulls reign!

[EthereumLawyer aka michael.avax🔺🫐 @MicNation]

@notthreadguy Try gmx. You’re not going to regret it and you’ll be happy you found an actual defi primitive with Lindy effect - which is actually decentralized.

[EthereumLawyer aka michael.avax🔺🫐 @MicNation]

@notthreadguy GMX obviously. It’s actually decentralized, open source, non-custody, up to 100x and open source… for gods sake. Don’t forget @GMX_IO

[Ed Money @edmoney_]

What's going on?

$Aster FDV 👉 9BI
$AVNT FDV 👉 1.5BI
$MYX FDV 👉 11BI
$GMX FDV 👉 159 M

$GMX has a treasury valued at
over 50M

#GMX has generated over 430M in earnings since its founding 👀

Is the whole market sleeping on GMX?

[SniperMonke @SniperMonke01]

Two new markets just went live on @GMX_IO:

- $ZORA from @zora
- $KTA from @KeetaNetwork

Both are available to trade now with up to 50x leverage now 🫐

[SniperMonke @SniperMonke01]

A $28m BTC long on $GMX

- zero front running
- position won’t be hunted by MMs
- trade with size on deep liquidity
- not pretending to be self custody

Why trade elsewhere?

[GMX 🫐 @GMX_IO]

Four new perp markets are now live, bringing the total number of tradable assets on GMX to 87:

🔹 @MorphoLabs
🔹 @MoonwellDeFi
🔹 @AskVenice
🔹 @Chainlink

1/3 👇

[EthereumLawyer aka michael.avax🔺🫐 @MicNation]

@binance Gmx and hyperliquid are the only alternatives…

[tano.eth @tanoeth]

In the next few weeks...

$GMX will launch:

- Multichain, using GMX liquidity on every EVM chain in existence, Base first, many other later. No seperate deployments.

- Completely revamped interface for bringing a better trading UX to users (sneak preview added)

- Implementing changes to price impact, capping all price impacts no matter what size to 0.5% in cases where it would be higher, allowing bigger sizes to be opened for cheaper rates becoming on of the best platforms to trade size, besides any orderbook venues.

After that, lots more to come to give traders the best on-chain experience such as:

- cross-collateral
- cross-margin
- combining markets allowing for more OI and available liquidity for traders
- in-time liquidity where liquidity is instantly created with GLV shifts if a whale wants to open a huge positions

[tano.eth @tanoeth]

GMX governance is discussing moving $19M earned by price impact to the DAO for:

- GMX Safety Reserve Fund
- Umbrella Risk Framework
- Liquidity and Trading Incentives
- GM Pool and GLV Bootstrapping

$GMX giga undervalued.

https://t.co/M2dQ5OqqdH