Due to their unique value proposition, GMX is positioning itself to be a leader in this derivatives product offering space because of two main points:
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.
$GLP holders have exposure to all of these assets, as well as trading fees and some rewards in the form of $esGMX tokens.
Also, a governance vote will be conducted before any changes. In addition, minting of GMX beyond the maximum supply is controlled by a 28-day timelock. GMX.io team has also created a dashboard where users can find all the descriptions regarding the GMX token.
So why would traders still want to use the GMX protocol for trading? Because the market depth of GMX is excellent, and there are no 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.
This more info appchain ensures that the dYdX protocol uses a decentralized order book and matching engine that enhances the platform's scalability and security.
GMX has a strong and active community of users and supporters. This community plays a crucial role in the development and success of the GMX project.
This reduces the price volatility of GMX and provides a stable source of income for pledgers. Users who stake GMX tokens also receive Multiplier Points, which boost the user’s share of GLP liquidity pool proceeds by a certain percentage.
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.
Pelo lado da bolsa, a GMX Têm a possibilidade de acomodar Bastante liquidez nenhumas deter muitos TVLs saiba como o modelo AMM, graças ao uso por seu próprio modelo de pool do liquidez.
GMX is a decentralized exchange that supports spot and perpetual contract trading. It encourages users to deposit copyright assets into a liquidity pool to become market makers and earn transaction fees.
The GMX exchange is a decentralized platform specializing in spot and perpetual trading. What sets it apart is its seamless combination of DeFi leverage trading and derivatives trading, offering up to 50x leverage on popular cryptocurrencies.
This allows users to leverage up to 50x on their trades and tap into a multi-asset GLP pool worth more than $603 million.
The advantages of the GMX protocol model for users of exchange assets are apparent. Regarding transaction fee rates, GMX is the same as most other decentralized exchanges, around 0.3% of the total transaction amount. Still, regarding exchange rate stability, GMX outperforms almost all of its competitors in the market.