Open and Close fees have now been reduced by 25% for the SOL/USD, DOGE/USD, and LINK/USD markets on Arbitrum!
The SOL/USD, DOGE/USD, and LINK/USD markets are the first markets to trial updated parameters, aimed at making trading more affordable and secure.
The Open and Close fees for all trades on these markets have been reduced to a flat 4.5 basis points, from the prior rates of 7 bps / 5 bps.
Additionally, the newly activated liquidation fees (initial parameter: 20 basis points) have been implemented for these markets.
These updates aim to lower costs for all traders, support larger markets on GMX, and create a safer and more sustainable mechanism for liquidity providers absorbing liquidations.
Feedback and monitoring of these updates will be evaluated over several weeks, before considering application to additional markets.
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Announcement on X:
https://fxtwitter.com/GMX_IO/status/1864299065892028698
Experience GMX's lowered trading fees, deep liquidity, and fast onchain execution:
http://app.gmx.io