GMX

GMX

Decentralized Perpetual Exchange

PerpetualsArbitrumAvalanche✓ Audited
GLP APY
12.50%
🟢 Live data
Total Value Locked
$438.54M
24h Trading Volume
$120.00M
Open Interest
$280.00M
24h Fees
$450K

💎GLP Pool Details

Pool Composition

ETH
28.50%
$242.25M
BTC
22.30%
$189.55M
💵USDC
35.20%
$299.20M
💵USDT
8.50%
$72.25M
💵DAI
5.50%
$46.75M

Yield Breakdown

Base Trading Fees8.75%
Escrowed GMX Rewards3.75%
Total GLP APY12.50%

Fee Distribution

• 70% to GLP holders
• 30% to GMX stakers

📊Trading Metrics

Long Positions
$165.00M
58.9% of OI
Short Positions
$115.00M
41.1% of OI
Active Traders
185,000
All time
⚠️
Trading Features: Zero price impact trades, up to 50x leverage on BTC/ETH, minimal fees (0.1% swap, 0.05-0.1% position fees)

⚠️Risk Analysis

Key Risks

Oracle Risk
Dependent on Chainlink price feeds
Counterparty Risk
GLP holders are counterparty to traders
Smart Contract Risk
Complex perpetual trading logic

Safety Measures

Audits
Audited by ABDK and Quantstamp
Bug Bounty
Immunefi program with rewards up to $1M
Time Lock
24-hour timelock on critical functions

Official Links

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Disclaimer: This information is for educational purposes only. Always do your own research before investing. Cryptocurrency investments carry high risk.