A new XAUT/USD market is live on GMX:
Trade @TetherGold with up to 25x leverage from Arbitrum, Ethereum, Base, BNB Chain, Solana, or Avalanche.
This synthetic Perp is backed by BTC-USDC liquidity, enabling you to long Gold with BTC collateral and capture the upside of both.
The @Base network is only the beginning.
In the coming weeks, GMX Multichain enables trading from Binance Chain, Ethereum Mainnet, Berachain, Linea, Plasma, and more.
Liquidity provision from these chains will also be unlocked, further scaling GMX’s proven model horizontally.
The GMX Treasury has reached a significant milestone, surpassing $50 million.
With GMX Multichain on the horizon, these funds will power development, marketing, and incentives to accelerate growth.
A special thanks to one of the dedicated GMX community devs, @SniperMonke01, for creating an informative graphic overview 👇
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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
🔹🔹👇👇👇👇
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.
Just saying: the APR for staking GMX tokens is 28.83% this week. Paid in $GMX too.
All these tokens distributed as rewards are transparently bought on-chain; no inflationary rewards — only buybacks.
Staking has no lock-up and is open to anyone... (just like LP'ing on GMX).
Now Live: a new market for traders and liquidity providers:
🔸 PUMP/USD
Long or Short the new https://t.co/vEJESYeT1k token, straight from your own wallet, while enjoying the execution speed of GMX on Arbitrum.
$PUMP
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GMX is now live on @BotanixLabs — a first-mover deployment on this innovative Bitcoin Layer 2 blockchain.
The strategic expansion unlocks Bitcoin-native leverage trading and yield opportunities on Botanix, through GMX's battle-tested infrastructure. ⤵️
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Caitlin Clark just went CRAZY on the best team in the WNBA. First game back, 7 three’s, 32 points, 9 assists, 8 rebs and a win over the top ranked New York Liberty to give them their first loss of the season. There is NO DOUBT who the most exciting player in the WNBA is.