Each staked esGMX token will earn the same amount of Escrowed GMX + ETH / AVAX rewards as a regular GMX token. Therefore, the only difference between GMX vs. esGMX is that esGMX are "locked" and regular GMX tokens are "unlocked" which means you can transfer/sell them at any time. What is the official GMX Website?

Although the GMX exchange went live on the Arbitrum blockchain network in September 2021, its prototype was completed as early as November 2020. Because GMX overcame many of the difficulties encountered when using decentralized exchange services, it was well received shortly after its launch and has been running on the Avalanche blockchain network since January 2022, with further expansion to other blockchains planned for the future.

dYdX holds the distinction of being the first decentralized exchange to offer perpetual contracts. The latest version, V4, introduces a dedicated appchain built on the Cosmos SDK.

With approximately 80% of GLP revenue coming from margin trading, this indicates that GMX’s profitability is the result of a sizable number of retail traders.

Since GLP stakers bear the risk of trades on the platform, 70% of platform fees are distributed to liquidity providers and the remaining 30% is given to GMX stakers.

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.

Total staking value has topped $400 million and cumulative trading volume has surpassed $55 billion in the year since the GMX protocol was developed, making it the third-largest decentralized exchange on Arbitrum after Uniswap and Curve.

But are the check here traders winning, or are the liquidity providers at GLP making money? Long-term performance data gives us the answer. In the case of Arbitrum, the most heavily traded market, as of October 2022, users of GMX for perpetual contract trading had accumulated losses of over $45 million.

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.

A primeira cadeia a lançar contratos inteligentes foi este Ethereum. 1 contrato inteligente possibilita de que múltiplos scripts interajam entre si usando regras claramente definidas, para executar tarefas que podem se tornar uma FORMATO codificada por um contrato.

GMX is a decentralized exchange (DEX) for trading perpetual copyright futures with up to 50X leverage on popular cryptocurrencies like BTC, ETH and more.

Drift is Solana’s leading decentralized perpetual futures exchange, offering a broader range of 36 trading pairs compared to its competitor Jupiter, which handles more volume but only supports BTC, ETH, and SOL.

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.

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