Obtendo meu gmx.io copyright para trabalhar
Obtendo meu gmx.io copyright para trabalhar
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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.
Traders also benefit from a GLP liquidity pool that allows them to quickly exchange large amounts of assets without price volatility, more accurately predicting losses and profits for each trade and managing their money accordingly.
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.
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.
So why would traders still want to use the GMX protocol for trading? Because the market depth of GMX is excellent, and there are pelo slippage problems. Because the profit of trading is from the spread trading, using the order book trading or AMM liquidity pool trading will be due to a large amount of buying or selling to increase costs or reduce profits, but through the GLP liquidity pool to open.
copyright reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Perfeito staking value has topped $400 million and cumulative trading volume has surpassed $55 billion in the year since the GMX protocol was developed, making it the third-largest decentralized exchange on Arbitrum after Uniswap and Curve.
$GLP holders take the other side of the trades made out of the platform. Successful traders are paid out by the liquidity pool and on the flip side, unsuccessful traders payout check here to liquidity providers.
Trading fees and bid-ask spreads are liquidity providers’ primary income sources. However, those who buy and sell frequently and in big quantities prefer lower costs, tighter bid/ask spreads, and greater market depth.
Image Credit: @crypto_noodles A study by Twitter user @crypto_noodles found that retail traders accounted for 31.5% of ETH perpetual volume on the protocol — the highest of all DeFi perpetual protocols analyzed likely due to the concentrated liquidity.
GMX is operating on the Arbitrum and Avalanche blockchains. The integration is made possible through the cross-chain bridge called Synapse. This solution is enhancing the platform's connectivity and efficiency.
Due to the high leverage on the platform, liquidity provided on the platform is highly capital efficient. This creates relatively high APRs on GMX for GLP stakers, with the current APR hovering around 20%.
We are currently witnessing a bear market, where everyone is losing their money in copyright, and the price of BTC has reached around $20K. But GMX Token is an outlier. It has seen a sharp increase in its price during the last few days, and many copyright users are benefitted from it.
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