Liquidity providers can deposit single copyright to obtain GLP tokens or redeem previously deposited copyright with GLP tokens. GLP liquidity pools are immune to impermanent loss problems because the quantitative rule constraints of algorithmic quotes do not constrain them.

GMX tokenomics revolves around two key tokens that form the foundation of the GMX ecosystem. Understanding how these tokens work and interact with each other is essential for any derivatives trader or DeFi enthusiast interested in the GMX exchange.

This helps to ensure that referrers receive the rebates for the users they brought onto the platform. Here is the link to apply for the referral program.

Users can add liquidity by minting GLP, and in return, they receive 70% of all fees generated on the corresponding blockchain. Unlike some liquidity pools, GLP experiences pelo impermanent loss.

The fast completion and zero price shock nature of GMX exchange assets make it ideal for high-volume OTC transactions. Still, the downside is that the GLP liquidity pool has a small selection of assets, which limits its potential for non-popular, long-tail assets.

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

The launch of GMX V2 further solidified GMX’s position in the decentralized exchange sector, attracting more users and liquidity.

On GMX, users can select a minimum leverage level of 1.1x their deposit and a maximum level of 30x on long and short trades. 

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 users through staking and liquidity provision, making it a popular choice for earning DeFi yield.

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There are multiple competitors within the DeFi space that also offer perpetual futures. At the same time, there is the looming threat of centralized exchanges that will always have a portion of the market share.

GMX also supports perpetual contract trading with up to 30x leverage, zero spreads, and aggregated oracle quotes to help traders reduce liquidation risk, more gmxio copyright accurately control positions, and predict gains and losses.

EsGMX is a special form of locked reward on GMX and can be utilized in two ways: staking or vesting. When staked, esGMX functions the same way as regular staked GMX, earning ETH/AVAX rewards and esGMX.

Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and copyright is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance.