GMX[GMX]
GMX is a decentralized exchange for spot and perpetual trading offering low swap fees and zero price impact trades.
The primary focus of GMX is its trading facilities, with the ability to leverage liquidity, users can trade with leverage of up to 30x. GMX functions as an automated market maker (AMM) through multiple liquidity pools that facilitate trading on the network. Users have the opportunity to provide liquidity to these pools and receive rewards in return. Liquidity provider rewards are derived from market making, swap fees, and leverage trading activities.
To ensure dynamic pricing, GMX leverages Chainlink Oracles and aggregates price data from high-volume exchanges. The GMX tokens can be bridged between the Ethereum and Arbitrum networks, although there is a 7-day waiting period during which tokens are inaccessible during the bridging process.
To ensure dynamic pricing, GMX leverages Chainlink Oracles and aggregates price data from high-volume exchanges. The GMX tokens can be bridged between the Ethereum and Arbitrum networks, although there is a 7-day waiting period during which tokens are inaccessible during the bridging process.
DerivativesArbitrum Ecosystem Perpetuals