Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
. @sherlockdefi Thank you for these constructive, genuine, and concise pieces of feedback. They lay a solid foundation for GMX-Solana. We will soon release the complete audit report and discuss the upcoming timeline with the community.
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
Need gift ideas for Christmas? ๐
Offer the future:
A Bitcoin gift card loaded with the desired amount of BTC, sealed in a built-it secure vault.
A fun way to introduce anyone to the bliss of self-custody and decentralized money โจ
๐ณ Buy here: mtpelerin.com/gift-card
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
truly humbled and blessed
ty @arbitrum
let's cook
Arbitrum is at a pivotal moment - whilst it has the highest TVL of any chain, a thriving ecosystem of projects, and a dedicated contributor group, it faces several challenges as it scales.
Today weโll talk about:
โผ Challenges that the ecosystem faces
โผ Opportunities to tackle these challenges
โผ Solutions that we want to implement
โ
ยปยปโโโโฐโฑเผบ Challenges เผปโฐโฐโโโยซยซ
โ
โผ Unclear Narrative: A lack of a cohesive identity hinders ecosystem collaboration and weakens Arbitrumโs long-term vision and positioning within the broader crypto industry.
โ
โผ Builder Support Gaps: Given the intricacies of accessing the ecosystem (whether through the DAO, Offchain Labs, or the Arbitrum Foundation), builders often cite low awareness of opportunities and insufficient post-onboarding support from the DAO, reducing ecosystem retention.
โ
โผ Orbit Chain Isolation: Orbit chains experience disconnection from Arbitrum One, with fragmented liquidity, poor UX, and underdeveloped bridging solutions, along with a lack of branding to compete with Superchain, Elastic Chains, and other competitors.
โ
โผ Weak Incentives for Innovation: A lack of competitive strategies to incentivize builders to push limits may be holding back Arbitrumโs ability to retain top-tier developers and foster innovation.
โ
โผ Missed Market Sectors: While Arbitrum has cemented itself as a DeFi chain, it struggles to dominate emerging sectors like DeAI, DeSci, DePIN, and payments, failing to capture mindshare and builders in these areas.
โ
ยปยปโโโโฐโฑเผบ The Opportunity เผปโฐโฐโโโยซยซ
โ
The Arbitrum Research and Development Collective (ARDC) is up for Election!
โ
The ARDC essentially operates as a consultancy arm for the DAO and its delegates, where Research, Risk, and Security specialists educate and inform the ecosystem to ensure the DAO accelerates towards its goals.
โ
We are applying for the Research seat in partnership with @dl_research ๐ฆ๐ฐ
โ
ยปยปโโโโฐโฑเผบ Our Solutions เผปโฐโฐโโโยซยซ
โ
We know Arbitrum excels in various areas, but the question of what it should be known for remains unanswered.
โ
โผ We want to lead a comprehensive analysis of Arbitrumโs current identity within the wider ecosystem, addressing gaps and opportunities for narrative and branding alignment.
โ
โผ These clear and unbiased research findings would fully inform delegates of Arbitrumโs position and optics within the broader ecosystem, enabling them to move forward with confidence in setting Arbitrumโs mission, vision, and purpose whilst ensuring the DAOโs strategic objectives are set in line with what Arbitrum is trying to become.
โ
ยปยปโโโโฐโฑเผบ เผปโฐโฐโโโยซยซ
โ
We know Arbitrum as the home of builders, but sometimes, they don't feel all that at home.
โ
โผ We want to identify and address key challenges in developer retention, ecosystem growth, and strategic alignment to recommend an effective builder expansion and retention strategy.
โ
โผ This will pave the way for an onboarding/ecosystem workstream to be set up with a clear strategy and priorities.
โ
ยปยปโโโโฐโฑเผบ เผปโฐโฐโโโยซยซ
โ
We know innovation happens on Arbitrum, but lately, it has been slowing down.
โ
โผ We want to position Arbitrum as the premier blockchain for innovation by optimizing grant funding and incentivizing novel protocols. We will investigate retroactive funding, innovation-specific grants, strategic grants, and other methods of builder engagement to foster a thriving ecosystem, especially in areas where Arbitrum is currently lacking.
โ
โผ This will serve as the basis for a roadmap towards a grant-driven growth workstream capable of attracting top builders, rewarding those who brought us this far, and driving sustainable ecosystem expansion.
โ
ยปยปโโโโฐโฑเผบ เผปโฐโฐโโโยซยซ
โ
We know that in crypto, UX is everything. Arbitrum and its ecosystem should feel as one, and all possible tools should be utilised as we wait for interoperability.
โ
โผ We want to address UX gaps, simplify chain abstraction, and align Orbit chains as a cluster with the broader ecosystem while exploring future technical solutions as they mature.
โ
โผ This research will output clear recommendations for improving UX and advancing Orbit chain adoption while leveraging chain abstraction for seamless UX across the Arbitrum ecosystem.
โ
ยปยปโโโโฐโฑเผบ เผปโฐโฐโโโยซยซ
โ
We all know that the slice of the pie available is larger if we grow it from outside. Instead of fighting over DeFi builders, attention should be given to newer industries discovering how blockchains can solve their problems.
โ
โผ Many have spoken about analysing and mapping new potential verticals that should be targeted and onboarded to Arbitrum.
โ
โผ We want to go one step further from mapping and developing a blueprint for outreach initiatives that incentivise and onboard these high-growth sectors (payments, AI agents, consumer apps, DePIN, DeSci).
โ
ยปยปโโโโฐโฑเผบ Distribution เผปโฐโฐโโโยซยซ
โ
We are committed to increasing transparency by providing regular updates on ongoing initiatives.
Furthermore, all findings and progress will be actively shared across DL Research and Castleโs platforms, including blog posts, Twitter threads, and collaborative reports to maximize their impact and visibility. This multi-channel strategy will ensure the community stays informed and engaged, driving a more cohesive and effective ARDC V2.
โ
ยปยปโโโโฐโฑเผบ Our TLDR เผปโฐโฐโโโยซยซ
โ
โผ We are committed to providing research, not for research's sake, but with a focus on implementation and insights that can be leveraged practically and effectively
โผ Our team can be summarised as โData researchers meet Arbitrum specialistsโ
โผ You will get institutional-grade research abstracted to clearly and concisely inform delegates and allow them to make the best decisions possible
โผ 2 for 1: Onboard DefiLlama into their first DAO whilst betting on an Arbitrum-native research team who have demonstrated loyalty, knowledge, network, and experience
โผ Half the price, twice the output, double the team
โผ Distribution into the wider space will be a key focus for us post-research - we will ELI5 information for delegates, and propagate it to our own audiences too
โผ We already have strong working relationships with Arbitrum contributors across the DAO, app builders, AF and OCL.
โ
ยปยปโโโโฐโฑเผบ Vote for Us Now! เผปโฐโฐโโโยซยซ
โ
snapshot.box/#/s:arbitrumfouโฆโ
โ
ยปยปโโโโฐโฑเผบ Resources เผปโฐโฐโโโยซยซ
โ
โผ Presentation: pitch.com/v/castle-capital-xโฆ
โผ Pitch Recording: drive.google.com/file/d/1xuBโฆ
โ
Tagging some Arb bulls:
@offchain
@arbitrumdao_gov
@DAO_Arbitrum
@EntropyAdvisors
@DK33IV
@SirBootsOfIron
@CamelotDEX
@jojothecow
@SEEDLatam
@soby0x
@0x_dav
@vitaieth
@zerototom
@LouisCooper_
@whizwang
@ajwarner90
@sgoldfed
@bfresh
@poopmandefi
@ReveloIntel
@TheDeFISaint
@arndxt_xo
@rektdiomedes
@thedailydegenhq
@zerokn0wledge_
@chainlinkgod
@yoavw
@gregcanessa
@coinflipcanada
@l2beat
@olimpiocrypto
@wintermute_t
@panteracapital
@ercwl
@plutusdao_io
@griffgreen
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
Funding rates on #GMX have just been decreased for all Arbitrum markets! ๐ซ
The new market parameters substantially improve funding rates for traders, while keeping Open Interest well-balanced.
1/3 ๐งต
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
A mystery entity accumulated ~3.5% of the circulating supply of $GMX following the announcement of the expansion to @solana and in the last 24 hrs they exited that position pretty violently.
Before this if you'd asked me if Solana was priced in, i'd say no.
And now? well.. ๐ซ
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
๐น TVL: $700 Million
๐น 24h Volume: $610 Million
๐น Open Interest: $300 Million...
Thank you to the 700,000+ GMX users who have supported permissionless, onchain trading! ๐ซ
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
The $GMX Buyback & Distribute Programme sends its regards for the cheap tokens.
20% APR for the next 7 days from tomorrow? Donโt mind if i do ๐ซ
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
๐ฅณ It's now cheaper to buy Bitcoin with us!
To celebrate this new ATH day, we have removed the fee we had to deliver #Bitcoin on your wallet when buying or swapping BTC with us!
๐ Check it out here: mtpelerin.com/buy-bitcoin
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
Volatility means volumes, volumes mean buybacks.
Already 2.26k $GMX bought back in less than 7h.
Lmao.
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
BTC memecoins are currently valued at ~$2B - a mere 0.11% of Bitcoin's $1.9T market cap.
ETH memecoins hold a market cap of more than $20B - 7% of ETHโs $300B market cap.
SOL memecoins stand at around $12B - 15% of SOLโs $80B market cap.
๐ชจ RUNE IT BACK TURBO ๐
โ
Since August, runes activity has seen a robust recovery, with trading volume and unique transactions increasing 3x and 4x, respectively.
โ
Runes account for ~60% of Bitcoinโs daily on-chain transactions, pushing average transaction fees up by 32%, and boosting miner earnings from Runes transactions by as much as 5 BTC daily.
Source: @GeniiData
Source: @nftpulseorg
ย
ยปยปโโโโฐโฑเผบ @MagicEden Success เผปโฐโฐโโโยซยซ
ย
A large part of this resurgence can be attributed to Magic Eden, which has solidified its position as not only the go-to Runes trading platform but also the leading marketplace for the Bitcoin ecosystem.
ย
Over the past month, Magic Eden has captured at least 90% of Rune and Ordinals users and volume.
Source: @MagicEden
ยปยปโโโโฐโฑเผบ Runes Innovation เผปโฐโฐโโโยซยซ
ย
Since its launch in April, Runes have broken down the barrier to build on Bitcoin by introducing true fungibility for on-chain assets.
ย
Users can now etch, mint and trade tokens with ease.
ย
This has resulted in a proliferation of memes, something thatโs been lacking for a long while due to Bitcoinโs barriers to entry. These include a lack of cross-chain bridges, high transaction costs and slow speed.
ย
Along with increasing interoperable solutions and innovation of the mother chain (i.e. OP_CAT, roll-ups and sidechains), Runes has enabled stronger communities and fostered collective sentiments which are essential to attracting mass retail liquidity, as seen on Solanaโs โmemecoin supercycleโ.
ยปยปโโโโฐโฑเผบ Runes Top Peformers เผปโฐโฐโโโยซยซ
ย
While $DOG remains among the top 10 Runes over the past 30 days, following its airdrop to Runestone holders, current attention has shifted to $PUPS (which also has its own derivative on Solana), as well as $GIZMO and $BDC, both of which are cat-themed tokens, which could be catalyzed by the upcoming release of OP_CAT ๐
ยปยปโโโโฐโฑเผบ Bitcoin Meme Valuations เผปโฐโฐโโโยซยซ
BTC memecoins are currently valued at ~$2B, which is a mere 0.11% of Bitcoin's $1.9T market cap. In comparison, ETH memecoins hold a market cap of more than $20B, representing 7% of ETHโs $300B market cap, while SOL memecoins stand at around $12B, accounting for 15% of SOLโs $80B market cap.
โ
This stark disparity indicates a significant growth opportunity for BTC memecoins as adoption increases. With imminent listings among top CEXs, early investments could yield substantial returns before prices soar as retail interest surges, spurred on by the introduction of platforms like Moonshot. Valuations of $PUPS, $GIZMO, and $BDC are still a far cry compared to this cycleโs blue-chip memes, which suggest attractive entries for a higher risk-reward ratio.
โ
NFA/DYOR
โ
Courtesy of @fakexavi_
โ
ยปยปโโโโฐโฑเผบเผปโฐโฐโโโยซยซ
โ
cc:
@rodarmor
@udiWertheimer
@LeonidasNFT
@ercwl
@0xLeoInRio
@rexzh0u
@ElizabethOls0n
@YukanL
@janbtc
@TO
@Naqib_Noor
@DegenShiro
@ColdBloodShill
@goatedxyz
@0xcryptowizard
@theunipcs
@FarmerBrownDeFi
@FarmerJoe0x
@domodata
@utxo_giovianni
@btcbongo
@The0xJuan
@JasonSoraVC
@_BuoyantCapital
@cryptolution101
@raphjaph
@vombatus_real
@kuyamark
@basilda_a
@MrGavinLow
โ
@MustStopMurad
โ
ยปยปโโโโฐโฑเผบเผปโฐโฐโโโยซยซ
โ
Want to get this early right in your inbox?
โ
Subscribe to @castle__cap's free newsletter in the bio!
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
๐จ BlackRock's BTC ETF just became the fastest-growing ETF on record.
Is institutional FOMO about to ignite the next bull run?
Find out all the news you missed this week - PLUS:
๐ Rune it Back Turbo - BTC Eco Comeback?
๐ $TIA Unlock and Price Action
And More!
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
thank you for always helping us and for all the support God is good โค๏ธ
Gรฉnesis 12-2 I am going to bless you, and make you a very famous man. You will be a blessing to many people!๐๐ป๐๐ป
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
GMX-Solana โ the community-driven sister project that is bringing GMX V2 to Solana โ is adopting @Chainlink Data Streams as its data oracle solution. This integration will provide @GMX_SOL with on-demand access to high-frequency market data backed by battle-tested, decentralised infrastructure.
The soon-to-launch GMX-Solana Perp DEX will utilise Data Streams on @Solana to help secure execution prices, funding rate calculations, liquidations, and other features that require robust, low-latency market data.
-----
GMX-Solana is an extension of GMX on the Solana blockchain, dedicated to providing traders with an efficient, transparent, and decentralised platform for perpetual trading. It aims to achieve the trinity of decentralised leverage trading:
๐ธBarrier-free creation of markets and pools
๐ธBarrier-free utilisation of advanced trading strategies
๐ธBarrier-free entry into market-making
GMX-Solana will support hundreds of assets, democratised liquidity provision through GLV, an innovative Trade-to-Mint economic model, and unrivalled execution speed โ enabling highly-performant self-custody trading without intermediaries.
Learn more on the GMX News blog:
๐ open.substack.com/pub/gmxio/โฆ
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
GMX has achieved significant improvements in optimizing dApp performance recently, including:
๐ธ Faster loading times for positions
๐ธ Quicker retrieval of market data
๐ธ Reduced time for chart candles to display
๐ธ Improved JavaScript execution speed
Overall, the responsiveness and speed of the user interface โ especially on the trade page โ have been notably enhanced, resulting in load times that are now 2.5 times faster!
The reliability of reading RPC data for displaying information in the interface has also dramatically increased, along with its speed.
The attached graphic illustrates the striking improvements in page load times:
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
Love @DefiLlama except that they don't correctly reflect GMX V2 which drives 90% of our volume. In the same two quarters, GMX did over $40 billion in volume, all verifiable on leading public blockchains without needing private market makers or mystery black boxes. #DEFI
๐ซ
According to Defillama, the total transaction volume of on-chain perpetual contracts in Q2 and Q3 was US$1,185.7 billion, top three namely Hyperliquid (16.94%), dYdX V3 & V4 (14.37%) and SynFutures (14.11%). Next in line are projects such as Jupiter Perpetual Exchange (6.70%) and Orderly Perps (5.52%).
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
๐จ Announcement ๐จ
FLP#0025 has passed & been executed! AI Capital Cyprus LTD is acquiring Lucidao with a token buyout program available for LCD holders:
Rates:
General: 0.01205 USDt/LCD
Polygon Round: 0.08523 USDt/LCD
๐ Buyout open: 21/10/24 - 20/11/24
๐ Swap Interface
How to Participate
1. Access the buyout interface here buyout.lucidao.com/
2. Connect your wallet and complete identity verification (light KYC).
3. Ensure you are not from any "Sanctioned Territories" including Cuba, Iran, Myanmar, North Korea, Syria, Crimea, Donetsk, Luhansk, or any other regions under comprehensive sanctions by Switzerland, the USA, Canada, the UK, or the EU.
Authorized Contracts
For safety, ensure your wallet interacts only with the following contracts:
Contract 1 polygonscan.com/address/0x09โฆ
Contract 2 polygonscan.com/address/0xfeโฆ
โ ๏ธ Ensure you interact with these contracts ONLY:
1๏ธโฃ 0x095231193b8b75fb03f05def35f1be0d272de6b9
2๏ธโฃ 0xfeba12012b0c9f8b41811e01032595c9feb06f75
โ ๏ธ Reminder: Be cautious of the transactions you sign with your wallet. Only proceed if they align with the authorized contracts above.
Thank you for your attention and participation.
Stay safe & verify your transactions!
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
Hacks have cost over $1 billion in 2024 alone. In the last 2 days, 3 DeFi protocols have been compromised.
Time to level up your OpSec! Hereโs the Castle guide to some best practices for staying secure:
1๏ธโฃ Slow down, read, and think before signing transactions!
Many DeFi hacks happen because of users rushing through approvals. Take a moment before signing any transaction. Read whatโs being requested, and if something feels off, investigate or ask around. A few extra seconds can save your entire wallet.
2๏ธโฃ Practice Good Online Hygiene
Start with the basics โ use strong, unique passwords for your accounts, enable 2FA where possible, and donโt reuse passwords. Use password managers like @1Password or @LastPass.
Avoid clicking on suspicious links, especially those in DMs.
3๏ธโฃ Wear your Protection: Use Hardware Wallets & Multisigs
Self-custody is key to protecting your assets. Use paper or hardware wallets like Ledger or Trezor to store your private keys offline. For higher-value holdings, consider multisigs (e.g., @Safe or @BrahmaFi ) for extra layers of protection.
4๏ธโฃ Don't Keep All your Eggs in the Same Basket
Segment your funds across multiple wallets. Use separate wallets for long-term storage, regular transactions, and high-risk activities like yield farming.
This way, a compromised wallet wonโt drain your entire portfolio.
5๏ธโฃ Limit and Revoke Token Approvals
Instead of giving unlimited token approvals on DeFi platforms, set specific limits and regularly revoke unused approvals using tools like @RevokeCash. This can prevent a compromised smart contract from draining your balance.
6๏ธโฃ Donโt Trust, Verify
Front-end exploits often redirect users to malicious contracts. Always double-check the contract address on multiple sources before interacting. Use tools like @etherscan, @DeBankDeFi, or @zapper_fi to verify what youโre dealing with.
7๏ธโฃ Use Transaction Simulation Tools
Simulate transactions with tools like @PocketUniverseZ or others to understand what will happen when you confirm a transaction. These can save you from interacting with malicious contracts.
8๏ธโฃ Have a Secure Trading Setup
Use a dedicated device for crypto activities, separate from everyday browsing. This minimizes the risk of malware and phishing. Keep your software updated and use reputable antivirus programs for added security.
9๏ธโฃ Beware of Social Engineering Attacks
Hackers are increasingly sophisticated, using fake accounts, Discord DMs, and even impersonating project team members. Always verify before clicking any links or sharing sensitive information.
๐ Run a Good Antivirus
It may sound basic, but phishing attacks are more common than ever. An antivirus with updated definitions can help you avoid malicious websites and links targeting your private keys.
1๏ธโฃ1๏ธโฃ Stay Informed
The DeFi landscape changes quickly, and so do attack vectors. Follow security updates, join reputable communities, and keep up with trusted voices in the space:
โข @zachxbt
โข @officer_secret
โข @samczsun
โข @functi0nZer0 (mostly for his food takes)
โข @PeckShield
โข @rektHQ
โข @HalbornSecurity
โข @DefiLlama
โข @whale_alert
&
โข @CertiK, of course!
Stay safe out there!
Follow @castle__cap for more updates and subscribe to our newsletter in our bio!
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
Three proposals related to GMX's onchain Governance are now live on Snapshot. These votes concern the establishment of the:
๐ธ GMX Security Committee
๐ธ GMX Governance Committee
๐ธ GMX Listing Committee
Please cast your votes now: snapshot.org/#/gmx.eth
Proposals are live for the creation of three Governance committees for the GMX DAO, as part of GMX's transition to decentralised on-chain governance:
๐นA Security Committee
๐นA Governance Committee
๐นA Listing Committee
Everyone is invited to contribute to the GMX project. As a community-driven protocol, GMX would not be where it is today without the valuable input of its many community contributors.
And users can support GMX in multiple ways. You can do so by spreading awareness of the products GMX offers, building useful community tools, or referring friends. You can do so as a GMX DAO delegate (on Tally), articulating the interests of other tokenholders and voting on their behalf.
You can also do so as a member of one of the three governance committees, if these proposals pass. Helping to steer and safeguard a specific aspect of the protocol that matches your expertise.
To learn more about the proposed Listing, Governance and Security Committee, and what their activities would be, see the three respective threads on the Governance forum:
๐น gov.gmx.io/t/gmx-listing-comโฆ
๐น gov.gmx.io/t/gmx-security-coโฆ
๐น gov.gmx.io/t/gmx-governance-โฆ
All community input is valued.
Are you interested in becoming a GMX DAO delegate? Please visit the Governance forum to learn more about the nomination process:
๐น gov.gmx.io/t/gmx-delegate-stโฆ
Lastly, a reminder: tokenholders need to stake their GMX tokens to receive GMX_DAO tokens that allow you to participate in Governance on Tally.
Delegate these tokens to yourself or your chosen delegate on the Governance platform. You can also find the list of current GMX DAO delegates there:
๐น tally.xyz/gov/gmx/delegates
Living Defi |๐จโ๐พ|๐ฎ|๐ซ|๐|โ๏ธ|๐ฆ๐ retweeted
The WIF and PEPE markets on GMX on #Arbitrum have recently been the top performers for GM liquidity providers. The rewards earned in these two pools are exceptional due to their high utilisation โ traders love memes.
Trade PEPE or WIF permissionlessly on-chain, or provide liquidity for WIF/USDC or PEPE/USDC and earn on your meme tokens: app.gmx.io
-----
๐ธOutperforming Benchmarks
The @pepecoineth and @dogwifcoin pools have also shown superior returns over a longer timeframe. They significantly outperformed the benchmark of a regular rebalancing 50/50 LP position over the last 3 months.
Virtually all of the GM pools are outperforming their rebalancing 50/50 counterparts, highlighting the value of being an LP in GMX's GM pools:
Other notable GM performers include the BTC/USD [BTC] pool. By providing single-sided BTC liquidity to a BTC/USD market, you can earn ~10% annually on your Bitcoin.
Thanks to zero price impact being activated on the single-token BTC/USD [BTC] and ETH/USD [WETH] pools, volume and LP rewards have significantly increased. The absence of price impact is a very attractive feature for big traders.
-----
๐ธUnderstanding Your Exposure
What is your exact exposure as an LP in a GM pool? Liquidity providers:
- are exposed to the price movements of the underlying assets.
- are counterparty to the traders, and exposed to trader PnL at times when that GM market isn't 50:50 balanced between Longs:Shorts.
- earn fees from the pool at the listed reward rate.
Please note that the returns listed on app.gmx.io/#/pools/ do not include price changes of the underlying token(s) or traders' Profit & Loss. They purely reflect the fees LPs earn from leverage trading, borrowing fees and swaps. These fees are auto-compounded, automatically increasing the price of your GM tokens.
All in all, the GM pools of GMX V2 have generated nearly $66 Million in revenue over 13 months:






































