Os Princípios Básicos de gmx.io copyright
Os Princípios Básicos de gmx.io copyright
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GMX has improved the traditional Automated Market Maker (AMM) model by adopting a unique multi-asset liquidity pool model. This model allows users to deposit specified copyright assets into the liquidity pool and thus become liquidity providers.
$GLP holders have exposure to all of these assets, as well as trading fees and some rewards in the form of $esGMX tokens.
Perfeito staking value has topped $400 million and cumulative trading volume has surpassed $55 billion in the year since the GMX protocol was developed, making it the third-largest decentralized exchange on Arbitrum after Uniswap and Curve.
Another drawback for DeFi futures is that the majority of the exotic pairs usually have very low volume and liquidity.
However, GLP holders stand to profit when GMX traders go short and prices rise, GMX traders go long and prices decrease, and GMX traders go long and prices rise.
On the surface, the GMX protocol fulfills the wishes of almost all liquidity providers: long-term, stable, low-risk, high-yielding gold flows. But the truth is less rosy than it seems because GLP liquidity pools are more than just deposits and lending like banks. Their excess returns well above the general market interest come from traders’ forfeited margin, and the increased risk taken is traders’ profit.
$GLP holders take the other side of the trades made out of the platform. Successful traders are paid out by the liquidity pool and on the flip side, unsuccessful traders payout to liquidity providers.
The tokenomics is as follows: 6M GMX allocated for XVIX more info and Gambit migration; 2M GMX paired with ETH for liquidity on Uniswap; 2M GMX set aside for vesting from Escrowed GMX rewards; 2M GMX tokens to the floor price fund; 1M GMX tokens designated for marketing, collaborations and community developers; 250K GMX tokens distributed to the team linearly over a 2-year period.
The floor price fund helps to ensure liquidity in GLP and provides a reliable stream of $ETH rewards for those who staked $GMX.
The fallout and subsequent fear of insolvency in other centralized exchanges (CEXs) resulted in copyright users flocking in masses to decentralized exchanges (DEXs) for increased transparency and control over their funds.
Because of this interdependent relationship between liquidity providers and traders, there needs to be an incentive for users to provide liquidity.
The demand for privacy-focused trading solutions has led to the rise of no-KYC platforms, which provide a vital alternative for those seeking to maintain anonymity while trading futures contracts.
Regarding protocol development, the GMX exchange has also issued GMX tokens. GMX tokens can be used for the protocol’s governance and staking, to adjust the rate structure and the weight of different copyright assets that affect the GLP liquidity pool, and to receive 30% of the transaction fees, funding rates, and clearing fees in the GLP liquidity pool. The proceeds are directly converted to ETH or AVAX.