GMX Announcements

🫐 GMX Governance

• New proposal on the Governance forum: “Bridging GMX To Solana"

View: https://gov.gmx.io/t/bridging-gmx-to-solana/4233/2

• GMX Listing Committee Replacement:

https://gov.gmx.io/t/replacement-of-kyzo-with-immie-in-the-gmx-listing-committee/4262

• Gmx v2.2 + v2.3

https://gov.gmx.io/t/gmx-v2-2-v2-3/4223/1

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🫐 GMX Ecosystem Tweets

Money market VenusProtocol is integrating the GM: ETH-USDC token as collateral on #Arbitrum, on top of the GM: BTC-USDC token they already support!:
https://x.com/GMX_IO/status/1872698687580934417

GMX Weekly Stats: https://x.com/GMX_IO/status/1873763811955769353

GM Berries, the new edition of the Pulse is out!: https://x.com/BlueberryPulse/status/1873517262897864907

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🫐 Trading/Liquidity Incentives

The AVAX Boost Continues!

Trade on Avalanche and benefit from up to ~75% trading fee discount, or provide GM liquidity to receive a big yield boost in AVAX.

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Important Reminder to follow GMX Technical Announcements for the latest development updates!

@GMX_Technical_Announcements

🫐 GMX Development

• DYDX and INJ were listed for liquidity providers and traders

• Various UX Improvements

🫐 GMX Governance

• New proposal on the Governance forum: “Bridging GMX To Solana"

View: https://gov.gmx.io/t/bridging-gmx-to-solana/4233/2

GMX Listing Committee Replacement:

https://gov.gmx.io/t/replacement-of-kyzo-with-immie-in-the-gmx-listing-committee/4262

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🫐 GMX Ecosystem Tweets

Money market VenusProtocol is integrating the GM: ETH-USDC token as collateral on #Arbitrum, on top of the GM: BTC-USDC token they already support!:
https://x.com/GMX_IO/status/1872698687580934417

Berry Christmas!:
https://x.com/findGBC/status/1871918510471094489

GMX-SOLANA: Building a Trader-Focused Perpetual DEX Through the GT-GMX Flywheel
https://x.com/GMX_SOL/status/1871612479501140134

DYDX and INJ Markets Listed:

https://x.com/GMX_IO/status/1872283520233775126

https://x.com/GMX_IO/status/1872371903966650616

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🫐 Trading/Liquidity Incentives

The AVAX Boost Continues!

Trade on Avalanche and benefit from up to ~75% trading fee discount, or provide GM liquidity to receive a big yield boost in AVAX.

tBTC Incentives:

tBTC incentives for liquidity providers will ended December 25th

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Important Reminder to Follow GMX Technical Announcements for the latest development updates!

@GMX_Technical_Announcements

GMX announces the introduction of two new trading pairs: INJ/USD (Injective) and DYDX/USD. Users can now go Long or Short the INJ and dYdX tokens with leverage, while enjoying the GMX experience of transparently fair pricing, self-custody, and split-second onchain execution.

The launch of these perpetual swaps is part of GMX’s ongoing effort to expand its market offerings. More than 60 assets are currently available for trading, and the GMX Listing Committee introduces additional markets weekly based on community feedback and popular demand.

The DYDX and INJ markets are synthetic perpetual swaps, supported by GM liquidity pools that contain BTC-USDC. These BTC-USDC pools have been included in GLV [BTC-USDC], facilitating dynamic liquidity management.

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Read the full announcement on the GMX News blog:

✅ https://gmxio.substack.com/p/gmx-introduces-dydx-and-inj-perpetual

The max funding rates on GMX have been updated to be automatically adjusted based on the funding rates on other exchanges

The logic for the max funding rate is:

- Based on the median of reference exchanges, calculate the target max funding rate
- Adjust the max funding rate towards this target max funding rate
- The rate of change of the max funding rate is capped to the higher of [10%, 10% of current max rate] per hour

For example, if the current max funding rate is 10% and target max funding rate is 30%, then the max funding rate will be increased by higher of [10%, 1%] = 10% to 20% after an hour

If the current max funding rate is 130% and target max funding rate is 150%, then the max funding rate will be increased by higher of [10%, 13%] = 13% to 143% after an hour

Note that this is the logic for the "Max Funding Rate", the actual funding rate would still be based on the adaptive funding logic: https://docs.gmx.io/docs/trading/v2/#adaptive-funding.

GMX launches a new perpetual swap market on Arbitrum:

🔸 INJ/USD (Injective)

Trade the INJ token on #GMX with up to 50x leverage and fast onchain execution, directly from your self-custody wallet!

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Announcement on X: https://fxtwitter.com/GMX_IO/status/1872371903966650616

GMX is excited to introduce a new perpetual swap market on
Arbitrum:

🔸 DYDX/USD

Go Long or Short the dYdX token, and benefit from GMX's self-custody, fair pricing, and split-second onchain execution.

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The DYDX market is a synthetic perpetual future, backed by a [BTC-USDC] liquidity pool.

This GM pool has also been added to GLV [BTC-USDC], one of the GMX Liquidity Vaults. GLV auto-optimises liquidity by allocating it to its underlying GM pools based on their utilisation.

This unique mechanism enables $GLV to effectively support dozens of synthetic markets. It simultaneously optimises capital efficiency for GLV liquidity providers.

Trade the new markets on #Arbitrum, or mint GLV to earn from the top-performing pools on GMX automatically.

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Announcement on X:

https://fxtwitter.com/GMX_IO/status/1872283516488032746

🫐 GMX Governance

• New proposal on the Governance forum: “Bridging GMX To Solana"

View: https://gov.gmx.io/t/bridging-gmx-to-solana/4233/2

GMX Listing Committee Replacement:

https://gov.gmx.io/t/replacement-of-kyzo-with-immie-in-the-gmx-listing-committee/4262

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🫐 GMX Ecosystem Tweets

GMX and the TON Foundation are collaborating on a developer competition, to push the boundaries of Perp DEXs on public blockchains: https://x.com/GMX_IO/status/1870178701100372343

Weekly GMX stats: https://x.com/GMX_IO/status/1871186925333467258

Abracadabra launches support for Single-Sided gmBTC and gmETH cauldrons: https://x.com/MIM_Spell/status/1870042003360080098

Leverage GLV-ETH & GLV-BTC Strategy Spotlight:
https://x.com/Dolomite_io/status/1869490644709961981

Earn APY with the ETH HyperGrowth Vault by Harmonix Finance
https://x.com/harmonixfi/status/1871198536777495002

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🫐 Trading/Liquidity Incentives

The AVAX Boost Continues!

Trade on Avalanche and benefit from up to ~75% trading fee discount, or provide GM liquidity to receive a big yield boost in AVAX.

tBTC Incentives:

tBTC incentives for liquidity providers will end December 25th

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Important Reminder to Follow GMX Technical Announcements for the latest development updates!

@GMX_Technical_Announcements

The max funding rate on GMX will be updated to be automatically adjusted based on the funding rates on other exchanges

Previously logic was enabled that would decrease the funding rate if long / short open interest was balanced within a 2% difference, with the introduction of the automatic updates to the max funding rate, this logic will be disabled

These updates will take place on 26 Dec 2024

🫐 GMX Development

• The GMX developers have proposed an elaborate Development Plan for GMX v2.2 and v2.3 on the Governance forum, see: gov.gmx.io

• Price Impact on GMX now much lower, due to dynamic Edge Risk Oracles from Chaos Labs: https://gmxio.substack.com/p/price-impact-on-gmx-now-much-lower

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🫐 GMX Governance

• New proposal on the Governance forum: “Bridging GMX To Solana"

View: https://gov.gmx.io/t/bridging-gmx-to-solana/4233/2

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🫐 GMX Ecosystem Tweets

GMX and the TON Foundation are collaborating on a developer competition, to push the boundaries of Perp DEXs on public blockchains: https://x.com/GMX_IO/status/1870178701100372343

New all-time highs in usage on GMX on this turbulent day: https://x.com/GMX_IO/status/1870111119181750391

Best day ever for the BB&D program, with 7550 GMX (~$220k) so far: https://x.com/sliux/status/1870158649957498984

Dynamic Price Impact on GMX Powered by Edge Risk Oracles: https://x.com/chaos_labs/status/1870137288400719993

Abracadabra launches support for Single-Sided gmBTC and gmETH cauldrons: https://x.com/MIM_Spell/status/1870042003360080098

405 MILLION GIF views for the Kudaberi from GMX Blueberry Club: https://x.com/Churro808/status/1869866399818276927

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🫐 Avalanche Boosted

Network fees on Avalanche are significantly lower following the Avalanche9000 upgrade!

Trade on Avalanche and benefit from up to ~75% trading fee discount, or provide GM liquidity to receive a big yield boost in AVAX.

GMX and the TON Foundation are collaborating, to push the boundaries of DeFi on decentralised, public blockchains:

As part of this initiative, the TON Foundation and GMX are launching a developer competition. We invite participants to design a cutting-edge Perpetual DEX on the $TON Blockchain, which achieves two key goals:

🔹 Drive innovation in high-frequency trading
🔹 Drive innovation in transaction fee optimisation

Through this collaboration, the TON Foundation seeks to leverage GMX’s extensive Perp DEX expertise, including on efficient, low-slippage trading and competitive fee structures.

GMX's focus is on supporting the evolution of trading on public blockchains, and the potential opportunities this creates for the GMX DAO.

Developers, founders, and projects within the TON ecosystem are encouraged to apply for the competition, which offers a chance to win GMX advisory services and TON Foundation support.

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Announcement on X: https://fxtwitter.com/GMX_IO/status/1870178701100372343

Interested builders can apply here: https://docs.google.com/forms/d/e/1FAIpQLSfQ7QYTd69WfBW-UcG7mwGNJZt6PABgo26L2CobL4ulKHENWA/viewform?usp=sf_link

Price Impact on GMX now much lower, due to dynamic Edge Risk Oracles from Chaos Labs

GMX has successfully integrated Edge Risk Oracles from Chaos Labs to dynamically manage price impact in its Arbitrum markets. This advancement in on-chain risk management enables real-time, contextual adjustments to market parameters. As a result, price impact has been significantly reduced on nearly all markets, and traders now enjoy more competitive pricing.

Try it now and feel the difference: app.gmx.io

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Announcement on the GMX News blog:

✅ https://gmxio.substack.com/p/price-impact-on-gmx-now-much-lower

Weekly Rewards Update

• All fee data is available using the links on https://app.gmx.io/#/dashboard

• V1 data: https://stats.gmx.io/

• V1 and V2 data: https://dune.com/gmx-io/gmx-analytics

• For APRs: https://app.gmx.io/#/earn

All AVAX incentives have been distributed

tBTC incentives have been distributed

🫐 A Boost for GMX users on Avalanche

Trade on Avalanche and benefit from a ~75% trading fee discount! GM liquidity providers also receive a sizable yield boost in AVAX.

Learn more: https://gmxio.notion.site/GMX-Summer-Boost-provide-liquidity-and-trade-perpetuals-to-grab-your-share-of-AVAX-rewards-13638f2e28934460a242f72def4f7d36

🫐 GMX SDK

An in-house SDK for GMX has been developed and has just been released.

You can find it here:

✅ https://github.com/gmx-io/gmx-interface/tree/master/sdk

Announcing: X Spaces Live - an AMA session with GMX and the builders behind Exit Market, Umami Finance and BonsaiDAO.

📅 Thursday, December 19
⏰ 6 PM UTC / 1 PM ET

Set a reminder to tune in: https://x.com/i/spaces/1yoKMyawZpXKQ

Announcement on X: https://fxtwitter.com/GMX_IO/status/1869396706149998945

An in-house SDK for GMX has been developed and has just been released.

You can find it here:

✅ https://github.com/gmx-io/gmx-interface/tree/master/sdk

This first version is lite, with the following functions available:

- Read
- Markets
- Market Info
- Positions
- Tokens
- Orders
- Trade History

Write
- Cancel Orders
- Create Increase Order
- Create Decrease Order
- Create Swap Order


We hope it adds value for you, as GMX users and integrators. If there's anything that can be further optimised, please let us know.

There will be an AMA with Blockchain Whispers and X (GMX) on Friday, 20 Dec 2024, 1pm UTC

The AMA will take place at https://blockchainwhispers.com/c/the-great-ama

🫐 GMX Governance

• New proposal on the Governance forum: “Bridging GMX To Solana"

View: https://gov.gmx.io/t/bridging-gmx-to-solana/4233/2

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All AVAX incentives from the previous week have been distributed

🫐 A Boost for GMX users on Avalanche

Trade on Avalanche and benefit from a ~75% trading fee discount! GM liquidity providers also receive a sizable yield boost in AVAX.

Learn more: https://gmxio.notion.site/GMX-Summer-Boost-provide-liquidity-and-trade-perpetuals-to-grab-your-share-of-AVAX-rewards-13638f2e28934460a242f72def4f7d36


🫐 GMX Ecosystem Tweets

GMX-Solana Sherlock Audit: https://x.com/GMX_SOL/status/1868715329645654365

Dynamic Price Impact updates have now been enabled on Arbitrum: https://x.com/GMX_IO/status/1866794916392874021

This week’s GMX protocol metrics: https://x.com/GMX_IO/status/1868635606731104683

GMX launches a perpetual market for Filecoin: https://x.com/GMX_IO/status/1867250257471373748

Proposal launched to add GM: ETH/USDC liquidity token as collateral on Venus: https://x.com/VenusProtocol/status/1866234338326847666

Keep up to date with the latest BlueBerry news: https://x.com/BlueberryPulse/status/1868001629485793338

🫐 GMX Development

• Trading view update gives chart indicators autosave and other improvements
• New dropdown allows easier decision making when choosing a market to trade on
• UI Improvements
• Ongoing GMX V2.2 discussion: https://gov.gmx.io/t/gmx-v2-2-v2-3/4223
• Proposal on bridge to use for bridging GMX to Solana

Alongside, numerous other protocol upgrades have been realised in the last weeks. Check out: https://x.com/GMX_IO/status/1867597486476464381

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🫐 GMX Governance

• New proposal on the Governance forum: “Bridging GMX To Solana"

View: https://gov.gmx.io/t/bridging-gmx-to-solana/4233/2

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🫐 GMX Ecosystem Tweets

Dynamic Price Impact updates have now been enabled on Arbitrum: https://x.com/GMX_IO/status/1866794916392874021

This week’s GMX protocol metrics: https://x.com/GMX_IO/status/1866152295169200491

GMX launches a perpetual market for Filecoin: https://x.com/GMX_IO/status/1867250257471373748

Proposal launched to add GM: ETH/USDC liquidity token as collateral on Venus: https://x.com/VenusProtocol/status/1866234338326847666

Coming to GMX: Multichain / Gasless Transactions / Cross-collateral / Lower Price Impact / and Scaling Liquidity: https://x.com/Jonas_ALA/status/1867240464509800917

The GMX developers have proposed an elaborate Development Plan for GMX v2.2 and v2.3 on the Governance forum.

Alongside, all the following protocol refinements were realised in the last weeks:

🔸 Decreased the Funding Rates on GMX for all #Arbitrum markets

🔸 Introduced numerous new markets for traders and liquidity providers: FLOKI, MEW, MEME, BOME, FIL, XLM, RENDER, ADA, BCH, DOT, ICP, PENDLE, BONK, WLD, and TAO

🔸 Launched Single-Token Pools for SOL/USD and GMX/USD, allowing single-sided liquidity provision to these markets

🔸 Reduced Open and Close fees by 25% for the SOL/USD, DOGE/USD, and LINK/USD markets

🔸 Implemented Liquidation Fees for these same markets as a trial

🔸 Updated PEPE, SATS, and SHIB tokens to kPEPE, mSATS, and kSHIB for a better user experience

🔸 Deployed a new ChainlinkDataStreamProvider, allowing GMX to further reduce the spread

🔸 Re-deployed the ExchangeRouter and GlvRouter contracts to include additional functionality

🔸 Made improvements to the Pool selector, chart loading speed, and various other UX enhancements on the Trade page

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Announcement on X: https://fxtwitter.com/GMX_IO/status/1867597486476464381

GMX launches a new perpetual market on #Arbitrum, by popular demand:

🔸 FIL/USD (Filecoin)

Trade the FIL token permissionlessly with up to 50x leverage. Your wallet, your funds, your trades!

-> app.gmx.io

$FIL #FIL

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Announcement on X: https://fxtwitter.com/GMX_IO/status/1867250257471373748

Important Reminder ❗️

There are many scammers claiming to be 'GMX Support' who will often contact you in private when you ask for support in the main GMX Telegram channel.

Be vigilant: real GMX Admins, Mods and Support contributors will never DM you first. Always double-check the @ of the person you are interacting with. Ensure it matches the username of that person in the GMX_IO channel.

And there are fake groups on Telegram that imitate @GMX_IO, complete with fake Mods and Admins with the same names as the real Mods in the GMX channel.

Please be careful, and double-check that you're in the real GMX channel:

🔹 https://t.center/GMX_IO

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The only other legit GMX community channels are:

🔹 GMX Announcements > https://t.center/GMX_Announcements

🔹 GMX Unofficial Trading Chat > https://t.center/gambittradingchat

🔹 GMX-Solana > https://t.center/GMX_SOLANA

🔹 GMX Chinese > https://t.center/gmxch

🔹 GMX Brasil > https://t.center/GMX_Portuguese


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No one in the real GMX channel will request you to:

- connect your wallet to any website
- scan any QR code
- interact with any Telegram bot
- delegate your GMX tokens on any website (other than DAO Governance platform Tally.xyz)
- migrate your GMX tokens in any way
- or do something to receive a GMX airdrop

Those are all tricks that scammers use to steal your tokens from you.

Please remain vigilant, and block and report any imitators!

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Note: to prevent being added to fake channels, update your Telegram settings now:

Go to -> Settings -> Privacy & Security -> Groups & Channels -> and then set 'who can add me to groups & channels' to Nobody.

Thank you 🙏