Secrets copyright gmx.io Top
Secrets copyright gmx.io Top
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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.
GMX has improved the traditional Automated Market Maker (AMM) model by adopting a unique multi-asset liquidity pool model. This model allows users to deposit specified copyright assets into the liquidity pool and thus become liquidity providers.
Close positions, regardless of the amount of most of the price deviation, will not occur because there is no actual buying and selling, so there will be no problem of market price eating orders; professional traders can take advantage of This feature can be used by professional traders to do a better control of funds.
As a trader, his target is all the assets in the GLP liquidity pool, which successive successful predictions can loot. The GLP’s liquidity provider, the source of revenue, is all the traders who open positions at the door.
Depositing money in a bank account is pelo different, although the return mechanism is not the same as a simple lending agreement.
GMX is committed to complying with all relevant regulations and laws. The project works closely with regulatory bodies to ensure that GMX is a safe and legal digital asset.
GMX has formed partnerships with several major companies and organizations in the blockchain industry. These partnerships help to enhance the functionality and reach of the GMX network.
In 2021, there were roughly USD $57T perpetual swaps traded, almost a 6x increase from the previous year.
GMX supports a selection of 21 assets and offers high leverage of up to 100x, beneficial to traders looking for higher-risk plays. Additionally, the platform rewards users through staking and liquidity provision, making it a popular choice for earning DeFi yield.
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A liquidation occurs when a more info user’s collateral becomes insufficient to maintain a trade; the platform then forcefully closes the position and pockets the deposit to cover its losses.
The GMX protocol meets the needs of both liquidity providers and traders through GLP liquidity pools and GLP tokens. The GLP liquidity pool is a multi-asset liquidity pool consisting of many different cryptocurrencies.
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.
Unlike typical liquidity pools, GLP users experience no impermanent loss and benefit directly from trading fees and leveraged trading outcomes, as per the protocol.