GMX is a popular decentralized exchange that specializes in perpetual futures trading. Launched on the Ethereum Layer 2 network Arbitrum in late 2021 and later deployed to Avalanche, the project has quickly gained traction by offering users leverage of up to 30 times their deposited collateral.
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.
In terms of perpetual contracts, the GLP liquidity pool works interestingly, a bit like an AAVE type of lending agreement, where the trader deposits a portion of the assets in the GLP liquidity pool as margin, then lends a higher value asset from the GLP liquidity pool to bet against the GLP liquidity pool, paying a percentage of interest every hour before the margin is liquidated or the asset is returned.
$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.
Another drawback for DeFi futures is that the majority of the exotic pairs usually have very low volume and liquidity.
GMX is founded by a completely anonymous team. However, it is known that the team has a track record of two other successful protocol launches in XVIX and Gambit.
GMX is a decentralized derivative copyright exchange that allows users to enjoy low fees and zero-slip transactions through an innovative GLP multi-asset liquidity pool and aggregated prophecy machine quotes. Users can stake GMX or GLP to gain the network's native tokens.
The percentage of copyright customers who increased or decreased their net position in BTC over the past 24 hours through trading.
The amount of rewards that users can get, depends on the number of GMX staked and the fee revenue generated on the GMX copyright Exchange. Based on historical data, the estimated annual GMX yield ranges from 15–30%.
The development team of the GMX protocol is also very much in the style of Web 3, and the members are all anonymous, so no one knows who they are yet, but the only thing for sure is that they have made a great product. According to the list of members of the social software Telegram, the GMX team consists of the following members (all names are displayed in Telegram)
But is a trader bound to lose money? What if the opponent is from a top quantitative trading team or a famous hedge fund trader? Is Soros confident that he can win and not lose when he website sits across from you? Although the rate rules benefício liquidity providers, there is pelo guarantee that extreme cases of huge liquidity losses will not occur.
The Completa number of coins that will ever be created for the copyright, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
Below, we’ve highlighted the top exchanges offering pelo-KYC futures trading in both centralized and decentralized environments, providing the best options for privacy-conscious users: