gmxio copyright para Leigos
gmxio copyright para Leigos
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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 pelo slippage. As long as liquidity is in the liquidity pool, orders of any size can be absorbed instantly without impacting the market price.
Avalanche’s GLP pool comprises AVAX, ETH, BTC, and USDC. The GLP pools on different chains are not connected, but the share of stablecoins is close to about 50%, equivalent to the asset index portfolio of a basket of cryptocurrencies.
Additionally to this, you will also earn escrowed GMX (esGMX), which are "locked" GMX tokens. If you decide to "unlock" these esGMX tokens, they will fully vest over 365 days and turn into regular claimable GMX tokens.
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Depositing money in a bank account is no different, although the return mechanism is not the same as a simple lending agreement.
The most apparent drawback for traders is the small selection of assets in the GLP liquidity pool, as they can only trade with a few cryptocurrencies. There is a potential additional risk of sudden spikes in funding rates, which dynamically adjust to asset utilization in the GLP liquidity pool. For example, suppose you choose to go long on LINK tokens in the contract market of the GMX platform, and soon after, you open a position.
Leverage trading—the act of borrowing funds from financial platforms in order to increase click here one’s exposure to price movements—has become an essential part of the copyright ecosystem in recent years.
$GLP holders take the other side of the trades made out of the platform. Successful traders are paid out by the liquidity pool and on the flip side, unsuccessful traders payout to liquidity providers.
GMX users can “long” or “short” up to 30 times the size of their collateral by borrowing funds from a large liquidity pool.
GLP liquidity pools employ Chainlink’s dynamic aggregation prediction machine to receive pricing information from copyright, FTX, and copyright exchanges and filter out extreme values that lack actual liquidity.
This reduces the price volatility of GMX and provides a stable source of income for pledgers. Users who stake GMX tokens also receive Multiplier Points, which boost the user’s share of GLP liquidity pool proceeds by a certain percentage.
Users do not exchange assets and trade on GMX as they do on centralized exchanges, where many users submit limited buy and sell orders in the order book. Trading with GMX is done by depositing and withdrawing assets from a liquidity pool called GLP, which is the counterparty to all traders.
GMX is a blockchain-based project that operates as a decentralized spot and perpetual exchange. It allows traders to trade their cryptocurrencies directly from their wallets.
GMX innovatively redefines liquidity pools, allowing users to exchange assets at a low cost and without price slippage, even for large transactions. For liquidity providers, GLP liquidity pools are not plagued by impermanent losses. They can add and redeem liquidity with a single asset and earn various revenues, such as transaction fees, funding rates, and liquidation fees.