Uma análise de gmx.io copyright
Uma análise de gmx.io copyright
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Introducing price impact, giving trades that promote balance better pricing and imposing negative price impact on trades that increase imbalance.
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.
EsGMX can also be vested over a one year period to yield regular GMX tokens. What makes this mechanism effective is that when esGMX is selected to be vested, the amount of GMX or GLP that was used to earn the esGMX is reserved.
An essential aspect of the GMX platform is its dual-token ecosystem, comprising the GMX token and the GLP token. These tokens serve different purposes: GMX as a utility and governance token, and GLP as a liquidity provider token.
DEXs allow users to trade as if they were on a traditional CEX, but with their funds safely in the custody of their personal copyright wallet. Many DEXs also permit trading without requiring users to complete the Know Your Customer (KYC) process, which attracts many traders looking to preserve their anonymity.
GMX tokens can be purchased on decentralized exchanges such as Uniswap or SushiSwap. For this guide, we’ll use GMX as an example. Visit the GMX app website, connect your wallet and click on “Swap” to start trading.
GMX has formed partnerships with several major companies and organizations in the blockchain industry. These partnerships help to enhance the functionality and reach of the GMX network.
On the Arbitrum network, consensus is achieved through Ethereum's layer-2 solutions. On the other hand Avalanche employs a DAG-based protocol where transactions are validated through random polling among nodes. These systems are ensuring rapid and secure transaction processing on the GMX platform.
GMX launched its first version, V1, on Arbitrum in September 2021. V1 employed a get more info unique exchange model that allowed users to trade without the need to provide liquidity.
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.
All copyright holders contribute to the total liquidity, whereas speculative traders and users with a net demand for buying and selling are responsible for most of the trading activity. However, there is often friction between the wants and demands of those who offer liquidity and those who buy and sell transactions.
Protocol revenue is split 70/30 between $GLP and the other protocol token $GMX. In addition to getting the larger share of protocol revenues, $GLP holders also get all the collateral when positions are liquidated which leads to a fluctuating but over-time growing inflow of revenue.
GMX is another decentralized perpetual exchange operating on Arbitrum and Avalanche, known for its innovative GLP multi-asset liquidity pool, which allows for large trades with minimal slippage.
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.