GMX does not use an order book to create a trading market or AMM to make quotes, so theoretically, there is no slippage. As long as liquidity is in the liquidity pool, orders of any size can be absorbed instantly without impacting the market price.
As the protocol itself serves as the counterparty, there’s minimal price impact when entering and exiting trades. GMX claims it can execute large trades exactly at mark price depending on the depth of the liquidity in its trading pool.
The terms "futures," "perpetuals," and "derivatives" are commonly used interchangeably in the copyright space, despite their technical differences—futures contracts typically have an expiration date, while perpetuals do not.
$GMX is the protocol’s utility and governance token. $GMX has a forecasted maximum supply of 13.25 million tokens, which can be increased if there are more products launching and liquidity mining is required. But that will be subjected to a governance vote before any changes.
Please also note that data relating to the above-mentioned copyright presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind.
A: Purchasing GMX tokens is simple if you follow this detailed guide. Ensure you have a compatible wallet and follow the steps below to get started with GMX 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.
The percentage of copyright customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Hyperliquid is a decentralized perpetual futures exchange built on its custom Hyperliquid L1 blockchain, providing pelo-KYC trading with the speed and efficiency of a centralized exchange.
GMX is a fast-growing spot and perpetuals DEX on the Arbitrum and Avalanche networks. GMX supports low trading fees and zero price-impact trades for assets on their exchange. Just like many CEXs would, GMX allows leveraged trading too, supplying traders on their platform with up to 50x leverage.
With its innovative technology and unique features, GMX has the potential to disrupt traditional financial systems and pave the way for a new era of digital finance.
When the ratio of the Floor Price Fund to the total amount of GMX in circulation is lower than the market price of GMX, it will buy back and destroy the GMX in circulation so get more info that the price cannot fall further.
With its permissionless accessibility and leveraged trading offering, GMX combines the experience of both decentralized and centralized exchanges, showing that DeFi protocols are still breaking new ground every day. The protocol’s trading volume has more than tripled in the past two months and now ranges between $290 million and $150 million daily, indicating growing interest among copyright natives.
Where can I buy GMX Coins for staking? Connect to the Arbitrum or Avalanche Blockchain and navigate to GMX.io. You can then buy and stake GMX tokens directly on the GMX Platform. What are GMX Tokens? The GMX coin is the utility and governance token of the platform. Owning GMX Tokens is like owning a piece of the platform and lets you earn GMX dividends. 30% of all the fees collected from swaps and perpetual leverage trading are distributed to its stakers. gmx referral code: "tier3" What is GMX decentralized Trading Platform? GMX is a decentralized spot and perpetual trading platform that supports low swap fees and zero price impact trades allowing users to leverage up to 30x on their trades. The protocol is currently live on the Arbitrum Layer 2 Blockchain aswell as on the Avalanche Network. Why invest in GMX Tokens? GMX offers you the unique opportunity to participate in the growth and success of its decentralized trading platform. 30% of all fees generated through trading and swaps are being paid out to the GMX stakers.