gmx copyright exchange - Uma visão geral
gmx copyright exchange - Uma visão geral
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GMX does not use an order book to create a trading market or AMM to make quotes, so theoretically, there is no slippage. As long as liquidity is in the liquidity pool, orders of any size can be absorbed instantly without impacting the market price.
When a user opens a trade or deposits collateral, GMX takes a snapshot of its dollar value. The value of the collateral does not change throughout the trade even if the price of the underlying asset does.
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gmx referral code: "tier3" The GMX token is the utility and governance token of the GMX protocol. Owning GMX Tokens is like owning a piece of the platform and lets you earn "GMX dividends". 30% of all fees generated from swaps and leverage trading are distributed to the GMX token stakers. gmx tier3 ref code: "tier3" The GLP token consists of an index of assets used for swaps and leverage trading. It can be minted using any index asset and burnt to redeem any index asset. This is GMX's way of providing liquidity for leveraged trades. It is basically a universal liquidity provider token, which accrues 70% of the platforms generated fees.
These features primarily isolate risks among liquidity providers and incentivize arbitrageurs through varying fees to balance long and short positions. Trades that promote balance benefit from lower fees, favorable price impacts, pelo borrowing fees, and additional funding fee income.
When the ratio of the Floor Price Fund to the total amount of GMX in circulation is lower than the market price of GMX, it will buy back and destroy the GMX in circulation so that the price cannot fall further.
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.
In more detail, this means that it is comprised of several read more liquidity pools, and trading on the GMX network is facilitated by these multi-asset pools. Users can provide liquidity to such pools and receive rewards in return. Liquidity provider rewards are sourced from market making, swap fees, and leverage trading.
The total 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 '--'.
This advantage is even more pronounced when large transactions are needed and decentralized exchanges such as 1inch have integrated GLP. Other decentralized exchanges, such as 1inch, also integrate liquidity from GLP liquidity pools. Yield YAK offers income products supporting GLP and GMX, and the profits earned are automatically reinvested.
There needs to be a reduction in transaction costs to get more people willing to trade, which creates a positive cycle where more fees and revenues attract more liquidity.
In the coming months, GMX is expected to launch several new features including synthetic assets and X4. Synthetic assets bring a brand new market to GMX, allowing any synthetic asset supported by Chainlink’s oracles to be traded.
Many decentralized exchange aggregation protocols also favor the zero transaction spread of the GMX protocol. Yield YAK, a revenue aggregation protocol on the Avalanche blockchain network, has more than 35% of its trading volume done through the GLP liquidity pool.