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How does the GMX exchange work?

The GMX exchange features a rebalancing mechanism determining the fees for swapping, minting, and burning GLP. Additionally, it adjusts token weights to protect GLP holders depending on traders’ positions. Users can stake GMX tokens to earn rewards.

What is GMX & how does it work?

Since its launch in September 2021, GMX has released several products aimed at improving cryptocurrency trading and investing. GMX is a novel cryptocurrency spot and perpetual contract trading platform built first on Arbitrum one – an Ethereum Layer 2 solution and launched later on Avalanche blockchain.

What is GMX decentralized spot trading?

GMX’s decentralized spot trading protocol allows investors to perform seamless cryptocurrency swaps from the comfort of their personal wallets. But, its most popular product is its decentralized perpetual contract trading platform. Perpetual contract traders could use up to 30X leverage on the GMX exchange.

Die weltweit führende Krypto-Handelsplattform

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