copyright gmx.io - Uma visão geral

copyright gmx.io - Uma visão geral

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Although GMX V1 provided a relatively comprehensive on-chain derivatives solution and became the largest on-chain derivatives market by TVL, it had several user experience issues. These included high trading fees, potentially high borrowing costs for both long and short positions leading to high holding costs, significant skew in long and short positions causing losses for GLP holders, and the risk of a single asset causing losses for all GLP holders.

In centralized exchanges (CEXs), these futures often come with more trading pairs and higher leverage, but they require users to trust the exchange's custody and operational integrity.

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.

As you can see, the GLP liquidity provider is in a betting relationship with the trader, and when the trader wins, the GLP liquidity pool shrinks. Conversely, when a trader loses money, the GLP liquidity pool grows.

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.

This appchain ensures that the dYdX protocol uses a decentralized order book and matching engine that enhances the platform's scalability and security.

GMX is a decentralized copyright exchange that offers spot and perpetual futures trading with low swap fees and zero price impact trades. Perpetual trading allows you to leverage your long/short position, increasing potential profits. Be careful, however, as it also increases risks. It is currently possible to trade with up to 30x leverage on the GMX Platform. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, and leverage trading. Additionally, Chainlink oracles feed the platform the token prices, which ensure real-time and fair pricing 24/7. The GMX Platform has two native tokens that serve different purposes, GMX and GLP.

While Jupiter offers up to 100x leverage, Drift stands out by providing more diverse trading opportunities with maximum leverage of 20x.

GMX supports a selection of 21 assets and offers high leverage of up to 100x, beneficial to traders looking for higher-risk plays. Additionally, the platform rewards click here users through staking and liquidity provision, making it a popular choice for earning DeFi yield.

Trading fees and bid-ask spreads are liquidity providers’ primary income sources. However, those who buy and sell frequently and in big quantities prefer lower costs, tighter bid/ask spreads, and greater market depth.

This advantage is even more pronounced when large transactions are needed and decentralized exchanges such as 1inch have integrated GLP. Other decentralized exchanges, such as 1inch, also integrate liquidity from GLP liquidity pools. Yield YAK offers income products supporting GLP and GMX, and the profits earned are automatically reinvested.

Because of this interdependent relationship between liquidity providers and traders, there needs to be an incentive for users to provide liquidity.

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.

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