Kalcrypto
1.8K posts
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/🧵
Today I started looking into @botanix which is a Bitcoin L2 that allows you to trade on GMX perp DEX with BTC as collateral. Word of mouth is that there is a secret point season ongoing. I used garden.finance to bridge some native BTC and opened my first trade.
Big news: Duels are now LIVE on Arbitrum — and thanks to @GMX_IO, we’re kicking things off with weekly GMX-sponsored competitions! ⚔️ Here’s how you can join in 👇 duels.stimpak.io
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: 1.GMX 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 4.GM Pool and GLV Bootstrapping. Support deeper liquidity 🔹🔹👇👇👇👇
