X 🫐
381 posts
- Received a few questions about this, providing some context: - There are caps on long / short open interest - If you execute a trade on an order book and the total fee + price impact is 0.1% that's similar to paying a fee of 0.1% and having zero price impact
- Been almost two years since then Some may not know but Dovey was one of the earliest supporters of GMX back when it was called XVIX in Dec 2020 Even though the project had a very short track record and founded by an anon teamGMX has hit a total of $100B volume across Arbitrum and Avalanche, a casual 1000x up in less than 2 years Wen $100B party? @xdev_10 😈
- Deeply appreciative of the GMX community members who have continued to post about GMX through the ups and downs @tanoeth @wiseoftheday @citizenofgmx @SniperMonke01 @JJcycles and many others I understand from feedback that more posting is needed, I will be joining this cause
- Replying to @RektHQ and @GMX_IOTo clarify on the audits, the full code base including the final version of the PositionManager and ShortsTracker contracts were audited by @GuardianAudits in Nov 2023 As GMX V2 was already live then and the plans were to gradually sunset V1, these audit findings were not
- Replying to @xdev_10We are currently working closely with Chainlink so that eventually the custom price feeds and keeper to prevent front-running will no longer be needed, once their solution is ready we will be switching over
- We are looking to increase the number of full-time contributors working on smart contract development for @GMX_IO
- $GMX has been providing steady APRs in the recent weeks, ~12% APR for this week All tokens distributed for rewards are transparently bought on-chain: arbiscan.io/token/0xfc5a1a… Staking does not require any lockups and is open to anyone: app.gmx.io/#/earn
- GT minting will begin on March 14, 2025, at 13:00 UTC. It will first be enabled in the SOL/USD market. No pre-allocation. No pre-mint. No pre-sale. No VCs. Open source. Fully audited. The fairest launch is coming!
- Really like the work that @GuardianAudits has been doing, they have audited multiple iterations of the GMX Synthetics codebase, and their format gives better confidence that the code was thoroughly evaluatedAudits are not accessible to the entrepreneurial class of crypto and its a huge problem for the entire industry. Here’s how we’re going to solve it. 🧵
- GLV tokens will soon live on multiple chains and be integrated with native protocols It’s not difficult to bridge a token to new chains with existing cross-chain solutions It’s the minting and needing gas on Arbitrum / Avalanche that is the cumbersome part GMX Multichain will
- The GMX Botanix deployment would enable trading with native BTC as collateral and in liquidity pools The option to use BTC productively and based one of the most decentralised ways possible is a large unlock in my view Looking forward to this proposalBitcoin Finance is growing on Botanix. @GMX_IO is looking to launch a Bitcoin-native version of its exchange on the network. Here are the details:
- Replying to @xdev_10This post has more details and covers the front-running considerations:
- After a year in development, the source code for @GMX_SOL is now public for anyone to view Mainnet testing is currently in progress at gmxsolana.ioDon't trust, verify. Open source and undergoing multiple audits have long been @GMX_IO ’s outstanding tradition, serving as the foundation for it to become one of the most trusted protocols in DeFi. GMX Solana will continue to uphold and carry on this commitment.
