30% of the fees collected from swaps and leverage trading conducted on the platform are converted to either ETH or AVAX and distributed to GMX stakers.
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GMX is a decentralized copyright, meaning that it is not controlled by any central authority. This ensures that the GMX network is secure, transparent, and resistant to censorship.
However, this did not deter GMX’s growth in any real way thus far. Since the start of 2022, GMX averages a protocol revenue of USD $2M per month.
GMX is built on the Arbitrum, and Avalanche GMX provides trading services for spot and perpetual contracts on the chain. GMX supports up to 30x leverage, and users can enjoy low transaction fees and near-zero spreads.
Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies.
GMX tokens can be bridged between the Ethereum and Arbitrum networks. However, there is a 7-day waiting period when tokens will check here be not accessible during the bridging process.
Users can deposit their copyright into the GLP pool to become liquidity providers and receive credentials for GLP tokens. Users staking GLP tokens can receive transition fees, funding fees, and liquidation fees, which fees will directly convert to the native assets of that blockchain network.
GMX is a decentralized spot and perpetual exchange that allows users to trade popular cryptocurrencies directly from their copyright wallets. Launched in 2021, GMX is available on both Arbitrum and Avalanche networks, making it easily accessible for traders looking for a secure and efficient trading platform.
This level provides full access to futures trading and up to 150x leverage without any restrictions, making it ideal for traders who prioritize both privacy and high leverage.
GMX is operating on the Arbitrum and Avalanche blockchains. The integration is made possible through the cross-chain bridge called Synapse. This solution is enhancing the platform's connectivity and efficiency.
This is because many popular centralized futures exchanges like copyright or copyright block investors in these regions from accessing those services.
On AMM, users trade against a pool of tokens known as a liquidity pool. AMM users supply liquidity pools with copyright tokens, whose prices are determined by a constant mathematical formula.
Unlike typical liquidity pools, GLP users experience pelo impermanent loss and benefit directly from trading fees and leveraged trading outcomes, as per the protocol.