GMX is a popular decentralized exchange that specializes in perpetual futures trading. Launched on the Ethereum Layer 2 network Arbitrum in late 2021 and later deployed to Avalanche, the project has quickly gained traction by offering users leverage of up to 30 times their deposited collateral.

Although GMX’s proposed multi-asset liquidity pool model has proven its feasibility and its community-oriented business objectives have been well received by many investors, it should be noted that GMX’s development team has remained anonymous. The GLP liquidity pool is still subject to the risk of smart contracts or the possibility of liquidity depletion.

Traders or users who exchange assets use the GLP liquidity pool to buy and sell. Regarding spot trading, the GLP liquidity pool is not very different from other automated market maker agreements in that it charges 0.

The profit from the closed position is taken out of the GLP liquidity pool. The profit from closing the position will be removed from the GLP liquidity pool, while the loss will be deducted from the margin.

The GMX project encourages community engagement with the protocol, this includes facilitating the development of community-developed projects. Some examples of successful projects include:

copyright prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by copyright about the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.

Thus, a GLP liquidity pool is more appropriately described as a casino rather than a bank that provides deposits and loans. The copyright assets deposited into the GLP liquidity pool are chips placed on the gambling table, the holder of the GLP token is the dealer, and the trader is the gambler.

You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

GMX launched its first version, V1, on Arbitrum in September 2021. V1 employed a unique exchange model that allowed users to trade without the need to provide liquidity.

The Perfeito 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 read more CoinMarketCap, the maximum supply is displayed as '--'.

A partir de o primeiro dia a meta de modo a este site foi por se tornar a primeira opçãeste de modo a localizar dados do Nicho por criptomoedas, e trabalhamos duro para empoderarmos nossos utilizadores utilizando nossa Saber precisa e imparcial.

This is because many popular centralized futures exchanges like copyright or copyright block investors in these regions from accessing those services.

GMX is another decentralized perpetual exchange operating on Arbitrum and Avalanche, known for its innovative GLP multi-asset liquidity pool, which allows for large trades with minimal slippage.

Below, we’ve highlighted the top exchanges offering no-KYC futures trading in both centralized and decentralized environments, providing the best options for privacy-conscious users: