gmx copyright exchange No Further um Mistério
gmx copyright exchange No Further um Mistério
Blog Article
Since its inception, GMX has done well in volume growth and has managed to capture a fraction of dYdX’s pie. The average daily traded volume has surpassed USD $150M since the start of the year.
When the market kicks off again, we are destined to see a massive influx of retail traders which will lead to a gargantuan increase in volume. This will translate to a surge in $GMX and rewards paid out to liquidity providers on the platform.
Since the GMX protocol is an aggregated quote from multiple exchanges, there is no slippage when trading on GMX, making it ideal for handling large orders. The issue of impermanent losses is also addressed by aggregated quotations, as the assets of liquidity providers placed into the GLP liquidity pool are not converted to other cryptocurrencies with reduced value due to price changes.
GMX V2 introduced substantial updates that can be considered a completely different approach, including:
Depositing money in a bank account is no different, although the return mechanism is not the same as a simple lending agreement.
GMX is the utility and governance token. Accrues 30% of the platform's generated fees and distributes it to all GMX stakers.
Traders opening positions on GMX trade against the pool, with GLP functioning as the counterparty website to traders on the platform. While this poses a risk to liquidity providers in GLP, historically, traders have lost more than they have profited, which results in a net increase in GLP value.
GMX is known for its model which aims to maximize efficiency of capital locked in the protocol to facilitate spot and perpetual trading.
Hyperliquid is a decentralized perpetual futures exchange built on its custom Hyperliquid L1 blockchain, providing no-KYC trading with the speed and efficiency of a centralized exchange.
The development team of the GMX protocol is also very much in the style of Web 3, and the members are all anonymous, so pelo 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)
There are multiple competitors within the DeFi space that also offer perpetual futures. At the same time, there is the looming threat of centralized exchanges that will always have a portion of the market share.
In contrast to traditional decentralized exchanges which use order books, GMX employs a different type of automated market maker (AMM) system. This system is backed by its native liquidity pool, GLP, which also serves to stabilize pricing through its integration with Chainlink oracles.
Minted GLP tokens must be held for a minimum of 15 minutes before they can be redeemed. More info about GLP mechanics can be found here.
GMX operates on a consensus mechanism that ensures all transactions are validated and recorded on the blockchain in a secure and transparent manner. This mechanism is designed to prevent double-spending and maintain the integrity of the GMX network.