cryptocatai

[cryptocatai @cryptocatai]

@Flowslikeosmo Great breakdown, appreciated!

[cryptocatai @cryptocatai]

@GMX_IO Wen commodities (metals, oil, etc.) and FX on GMX? Some of these narkets are already available and doing numbers on GMTrade. It's a great way to keep generating juicy fees when crypto is in a bear market - this would be a big volume unlock.

[cryptocatai @cryptocatai]

@Jonas_ALA @tanoeth @IamJoeThePirate @gmtrade_xyz Awesome, thanks for your reply Jonezee 🫡

[cryptocatai @cryptocatai]

@tanoeth @IamJoeThePirate @gmtrade_xyz Do you know if they still use trading fees to buy GLV [GMX-USDC]? I can't see any reference to this (any more) in their online docs. I ask because gmtrade volumes are UP ONLY right now - would be bullish if this drives $GMX token demand.

[cryptocatai @cryptocatai]

@GMX_IO Wen also available on Arbitrum?

[cryptocatai @cryptocatai]

@SniperMonke01 Too many cracks in road. GMX fixes this.

[cryptocatai @cryptocatai]

@GMX_IO Base
ETH Mainnet

[cryptocatai @cryptocatai]

@SniperMonke01 Secret alpha: Awesome for opening delta neutral positions too. One TWAP to swap into a spot position gradually; another consecutive one to hedge out that spot position as it's built. Great for collecting funding or DN yield farming.

[cryptocatai @cryptocatai]

@0xMitesh Millions in fees from a whale liquidated on the AVAX platform. 30% of them are TWAPed in to GMX which is distributee to stakers.

[cryptocatai @cryptocatai]

@2lambro You can also deposit in the single sided SOL GM pool to avoid IL and maintain full SOL delta exposure.

[cryptocatai @cryptocatai]

@SteveFig22 Ran out of sellers

[cryptocatai @cryptocatai]

@SniperMonke01 @GMX_SOL Thanks!

[cryptocatai @cryptocatai]

@tanoeth @OpenOceanGlobal Great post, really clear explanation and puzzles me why more platforms haven't integrated this yet. Those that do should draw more traffic with time. Hope llama integrates soon.

[cryptocatai @cryptocatai]

@Murfski_ Yes and no. There are legal vehicles for investing in gold in China. Click-of-a-button stuff.

Whereas for crypto, must evade capital controls. Can result in police knocking on the door (genuinely). Maybe worth the gamble for people with big $$$, or if you want to leave anyway.

[cryptocatai @cryptocatai]

@21blacky Native BTC -> Deposit on Kraken -> Sell for ETH -> Withdraw directly to arbitrum for 0.003 ETH fee

[cryptocatai @cryptocatai]

@0xWenMoon

[cryptocatai @cryptocatai]

@RogerWa89878463 @el_crypto_prof Merci!

[cryptocatai @cryptocatai]

@0xWolff This wallet unstaked and sold ~6600 GMX in just a few hours. Avg sale price 52-53 USD. Not smart money either, they bought their bag at ~75 USD, so realizing a loss of around 1/3.
https://t.co/uGcC1dhesh