Eleonora
Thu Jun 20 2024
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5 answers
987
What is GMX borrow rate?
Could you please elaborate on the concept of the GMX borrow rate? As a cryptocurrency and finance professional, I'm curious to understand how this rate factors into the borrowing and lending dynamics within the decentralized finance space. Specifically, what does the GMX borrow rate represent, and how does it affect the incentives for lenders and borrowers to engage in transactions on the platform? Additionally, how is the rate determined, and what factors influence its fluctuation? Your insights would be greatly appreciated in helping me grasp the significance of this metric.
