The GLP price reflects the value of all GMX assets, which are listed for trading with leverage and swaps. In other words, GLP is an index of all assets on the exchange. GMX is the utility and governance token.

The second token, GLP, represents the index of assets used in the protocol’s trading pool. GLP coins can be minted using assets from the index, such as BTC or ETH, and can be burned to redeem these assets. GLP holders provide the liquidity traders need to get leverage. This means they book a profit when traders take a loss, and they take a loss when traders book a profit.

The cost of the second transaction is displayed in the interface as the "Max Network Fee". This network cost is paid to the blockchain network when the order is executed.

Barrier-free utilisation of advanced trading strategies. We will endeavour to equip users with access to various mainstream trading strategies and tools available in the market, while actively fostering a vibrant strategy development community.

Rather, they can bet on a selected asset using another asset. The trade is executed at the stated time and not instantly like in spot trading. The asset used in the futures contract is known as collateral. A trader in a futures contract either takes a long or short position.

Sub-second price latency: Chainlink Data Streams provide sub-second data delivery using battle-tested oracle infrastructure, enabling a highly performant user experience without compromising on Web3 values such as decentralisation and transparency.

GMX exchange aims to tap into this massive market and has seen incredible growth already. Apart from an opportunity to benefit from the fluctuating values of copyright assets, GMX hands traders and investors a well-developed platform to perform an array of financial activities. Investing, trading, and passive earning.

Each platform comes with robust security features, including two-factor authentication to protect your account. Plus, both Gmail and Exchange come with integrated calendars and address books to help you and your employees stay on top of work.

As one of the first perpetual contract exchanges on Arbitrum, GMX gained many users, then continued to expand into Avalanche.

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.

To avoid a scenario where liquidity is fully reserved by a user opening equal long and short positions for a small cost, there is a https://gmxsol.pro/ borrowing fee for open positions. If there are more longs than shorts then longs would pay the borrowing fee, if there are more shorts than longs then shorts would pay the borrowing fee.

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With X and YouTube feeds flooded for the past few weeks with long airdrop guides for incoming new token launches across the zkSync, Layer Zero, Cosmos and Solana ecosystems, the Jupiter airdrop has stirred up controversies around its distribution mechanics.