Manage all your correspondence, contacts and appointments easily. Our webmail service allows you to enjoy all the possibilities of your GMX email account anywhere in the world. Additionally, it is safer than accessing your emails via mail client. Using GMX webmail, you are protected by powerful antivirus tools, and your mailbox remains clear thanks to our spam filter.
GMX is a decentralized exchange that uses a multi-asset liquidity pool, and boasts low swap fees and zero price impact trades. It offers spot and perpetual contracts trading.
Data Streams provide users with liquidity-weighted bid-ask spreads that enable protocols to update their risk management parameters, resulting in a more accurate reflection of market liquidity.
Currently, the project is being considered a competitor of other names like dYdX, Perpetual, MCDEX,… The project's tokenomics is also very special, I will talk about it in more detail in the next section.
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.
GLP tokens are not tradable and can only be used to redeem the assets locked during the minting process. Minted GLP tokens are automatically eligible for staking rewards of about 25% interest on Avalanche and 31% interest on Arbitrum. GLP holders also receive esGMX rewards and 70% of the fees generated on any of GMX’s products.
Ryan Perian is a certified IT specialist who holds numerous IT certifications and has 12+ years' experience working in the IT industry support and management positions.
Currently, there is a limit of 10 auto-cancel orders per position on Arbitrum and 5 auto-cancel orders per position on Avalanche. Any orders beyond this limit won't be auto-cancelled. Users will be notified if they exceed the limit, which may change in the future.
Additionally, collateral and profits may be backed by bridged or pegged tokens which may not be guaranteed to maintain peg.
Evolving beyond aggregate trades and in the light of concerns around custody and regulations with USDT and USDC, Jupiter has also introduced plans for an overcollateralized native stablecoin called SUSD. It’s entirely decentralized and backed by Solana's liquid staking tokens (LSTs), a hot new copyright narrative for 2024.
The announcement had a positive impact on the $GMX token, which rose https://gmxsol.pro/ by around 10%. The project’s market capitalization is currently around $240 million, although the token price has generally declined this year.
The amount of profit and loss for a position, excluding changes in your collateral's value, will be proportional to your position size.
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Click on "Long" or "Short" on the Trade page depending on which side you would like to open a leverage position on.
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