copyright gmx.io - Uma visão geral
copyright gmx.io - Uma visão geral
Blog Article
The success of GMX has been demonstrated on many levels, whether it be trading volume, the number of users, integration with other protocols, etc., all showing upward growth. The indexed combination of GLP liquidity pools tied to a basket of copyright assets also reveals the potential for other Decentralized Finance (Defi) applications, where different types of income products can be expected to emerge to participate in GLP liquidity pools through copyright lending and contract hedging to hedge price risk while earning stable The GMX proposal for multi-asset liquidity is a good one.
When a user opens a trade or deposits collateral, GMX takes a snapshot of its dollar value. The value of the collateral does not change throughout the trade even if the price of the underlying asset does.
Since the GMX protocol is an aggregated quote from multiple exchanges, there is pelo slippage when trading on GMX, making it ideal for handling large orders. The issue of impermanent losses is also addressed by aggregated quotations, as the assets of liquidity providers placed into the GLP liquidity pool are not converted to other cryptocurrencies with reduced value due to price changes.
Additionally, 86% of the current circulating supply is staked on the platform showing investors’ trust in the project despite the bear market.
1) GMX/ETH liquidity is provided and owned by the protocol, the fees from this trading pair will be converted to GLP and deposited into the floor price fund
On the Referral Page, you can simply input the referral code "registered" and instantly save 10% fees on all your trades on GMX. This is a great way to reduce your costs of trading even further and trade with the cheapest fees available on GMX. Enjoy! Save GMX Fees Now
When the ratio of the Floor Price Fund to the Perfeito amount of GMX in circulation is lower than the market price of GMX, it will buy back and destroy the GMX in circulation so that the price cannot fall further.
GMX differs from such services in that it’s a decentralized exchange that offers leverage trading services. In that respect, it combines a similar experience to other DeFi exchanges like Uniswap with the leverage trading services offered by the likes of copyright.
Therefore, GMX is well positioned to continue growing its platform with its low fees and fast transactions pivotal to user experience and stickiness. The upcoming X4 should provide opportunities for other projects to build on top of GMX, allowing it to increase the protocol’s reach and user base.
Among the new features, dYdX V4 introduces permissionless markets, allowing users to list and trade any asset instantly, provided there is an oracle price available.
As long as there is liquidity in the pool, the exchange will complete the transaction without the risk of not finding a counterparty to match and being unable to trade.
So why would traders still want to use the GMX protocol for trading? Because the market depth of GMX is excellent, and there are pelo slippage problems. Because the profit of trading is from the spread trading, using the order book trading or AMM liquidity pool trading will be due to a large amount of buying or selling to increase costs or reduce profits, but through the GLP liquidity pool to open.
This allows users to leverage up to 50x on their trades and tap into a multi-asset GLP pool worth more than $603 million.
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