xhir 🫐

cpo @GMX_IO, since 21'

[xhir 🫐 @xhiroz]

🐂

[xhir 🫐 @xhiroz]

@KrITIK4L up $1.000.000.000.000

[xhir 🫐 @xhiroz]

@KrITIK4L seems like Elmo lo remontó easy https://t.co/AEczGjsKnx

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Elon Musk officially becomes the first person in history to reach a net worth of $500 billion.

[xhir 🫐 @xhiroz]

@Uryftw esto me ha pasado con gpt y grok desde sus primeras versiones también

lleva años ocurriendo

[xhir 🫐 @xhiroz]

🥶

[Elon Musk @elonmusk]

A major additional factor should be considered.

Satellites with localized AI compute, where just the results are beamed back from low-latency, sun-synchronous orbit, will be the lowest cost way to generate AI bitstreams in <3 years.

And by far the fastest way to scale within 4 years, because easy sources of electrical power are already hard to find on Earth. 1 megaton/year of satellites with 100kW per satellite yields 100GW of AI added per year with no operating or maintenance cost, connecting via high-bandwidth lasers to the Starlink constellation.

The level beyond that is constructing satellite factories on the Moon and using a mass driver (electromagnetic railgun) to accelerate AI satellites to lunar escape velocity without the need for rockets. That scales to >100TW/year of AI and enables non-trivial progress towards becoming a Kardashev II civilization.

[MLM @mlmabc]

LOL, he just re-shorted almost $100M on GMX.

https://t.co/mwLgDQ31OM

[tano.eth @tanoeth]

$GMX just released the new @chaoslabs risk oracles allowing for a more optimized way to raise available liquidity, with more optimizations coming soon

Finally GMX as an AMM based perp dex will be scaling harder, and harder.

$BTC now has $112M long and $116M short liquidity.

[GMX 🫐 @GMX_IO]

A major upgrade to the GMX dApp is now live:

🔹The interface has been fully revamped with new styles, including updated colors, and improved readability and usability
🔹The navigation menu has been streamlined
🔹A new 'Light Theme' mode is available
🔹All GMX V1 items were relocated to a dedicated interface, which can be accessed via the footer of the dApp

1/2 👇

[xhir 🫐 @xhiroz]

@TheWhiteWhaleHL @SniperMonke01 @ImmieV @GMX_IO glp is v1, which is no longer available. v2 mechanics are different. eg, there's $70m oi on each side for btc/usd right now. pool exposure is close to zero. one side's pnl offsets the other's. funding fees and positive price impact help balance. similar mechanics to a clob.

[xhir 🫐 @xhiroz]

@TheWhiteWhaleHL @SniperMonke01 @ImmieV @GMX_IO no, if traders win the pool is not affected as long as the oi is balanced, which is usually the case. your winning pnl comes from the losing pnl of other traders taking the opposite side.

[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.

[GMX 🫐 @GMX_IO]

https://t.co/6PRuToqM41

[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

[GMX 🫐 @GMX_IO]

Posting this message in hopes of connecting with the individual responsible for the GMX V1 exploit.

You've successfully executed the exploit; your abilities in doing so are evident to anyone looking into the exploit transactions.

The white-hat bug bounty of $5 million continues to be available.

It's likely already clear to you that the decision between accepting this bounty and keeping the exploited funds is the difference between being able to spend the funds freely versus taking additional risks to access them.

We would like to reiterate that the option of the white-hat bug bounty would lead to an outcome where this $5 million can be freely spent right now. We can assist with providing proof of source of funds if that is ever needed.

If we can come to an agreement on this, the $5 million would be legitimately categorised as a white hat bounty. GLP users would be made whole, with the $5 million difference covered by the Treasury's allocated bug bounty funds, so there would be no basis for any further action.

Please contact us:

Email: [email protected]
On-chain: (GMX Deployer: 0x5F799f365Fa8A2B60ac0429C48B153cA5a6f0Cf8)
Immunefi: (https://t.co/NqJ2jSVbYZ)

[GMX 🫐 @GMX_IO]

The GLP pool of GMX V1 on Arbitrum has experienced an exploit. Approximately $40M in tokens has been transferred from the GLP pool to an unknown wallet.

Security has always been a core priority for GMX, with the GMX smart contracts undergoing numerous audits from top security specialists. So, in this hands-on-deck moment, all core contributors are investigating how the manipulation occurred, and what vulnerability may have enabled it.

Our security partners are also deeply involved, to ensure we gain a thorough understanding of the events that occurred and minimise any associated risks as quickly as possible. Our primary focus is on recovery and pinpointing the root cause of the issue.

Actions taken:

Trading on GMX V1, and the minting and redeeming of GLP, have been disabled on both Arbitrum and Avalanche to prevent any further attack vectors and protect users from additional negative impacts.

Scope of the vulnerability:

Please note that the exploit does not affect GMX V2, its markets, or liquidity pools, nor the GMX token itself.

Based on the available information, the vulnerability is limited to GMX V1 and its GLP pool.

As soon as we have more complete and validated information, a detailed incident report will follow.

[SniperMonke @SniperMonke01]

Day 2: Multicoin Collateral on $GMX

Directionally bet while you directionally bet

[Artemis @artemis]

Onchain businesses exist with revenue but low multiples

- GMX is $70m revenue run rate and trades for 2.1x MC / Rev

- Trades below median comp set of 5.7x.

cc @GMX_IO

[GMTrade @gmtrade_xyz]

GLV: [USDC] is live.

Provide liquidity with USDC, earn trading fees from multiple markets, and enjoy a smooth experience enabled by OI balance.

[GMX 🫐 @GMX_IO]

🔹 24h Volume: $1.01 Billion.

Thank you to the hundreds of thousands of GMX users who continue to support permissionless onchain trading.

[SniperMonke @SniperMonke01]

New staking epoch just started and we’re looking at 58% APR for the next 7 days.

What could be better than that i hear you asking, how about doubling that to 116% APR in next week’s epoch?

Best part? It’s all 100% farm fresh organic🫐

$GMX