5 Demonstrações simples sobre copyright gmx.io Explicado
5 Demonstrações simples sobre copyright gmx.io Explicado
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A: GMX is a decentralized spot and perpetual exchange that allows users to trade popular cryptocurrencies directly from their copyright wallets. It offers a unique blend of DeFi and leverage trading services, making it an attractive option for derivatives traders.
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.
Thus, a GLP liquidity pool is more appropriately described as a casino rather than a bank that provides deposits and loans. The copyright assets deposited into the GLP liquidity pool are chips placed on the gambling table, the holder of the GLP token is the dealer, and the trader is the gambler.
GMX V2 introduced substantial updates that can be considered a completely different approach, including:
This result is not surprising; a simple search on the Internet shows that more than 90% of traders are losing money. Even with a 50% chance of being right and a 50% chance of being wrong, the expectation of profit for traders on GMX is still negative, as each trade is burdened with fees for opening and closing positions and capital costs for maintaining them.
GMX is the utility and governance token. Accrues 30% of the platform's generated fees and distributes it to all GMX stakers.
GMX has a strong and active community of users and supporters. This community plays a crucial role in the development and success of the GMX project.
On GMX, users can select a minimum leverage level of 1.1x their deposit and a maximum level of 30x on long and short trades.
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 more info it a popular choice for earning DeFi yield.
GMX is powered by Chainlink Oracles. It uses an aggregate price feed from leading volume exchanges to reduce liquidation risk from temporary wicks.
Each time a trade is made, the gambler puts his margin chips on the table to guess the ups and downs, and the dealer charges an opening fee to play with him.
Image Credit: GMX Having a vast amount of the circulating supply staked associates with lesser panic and unnecessary selling in the market. This is evident as GMX is currently trading at only 54% off its ATH as compared to the rest of the market which has plummeted an average of 80% from their ATH.
Minted GLP tokens must be held for a minimum of 15 minutes before they can be redeemed. More info about GLP mechanics can be found here.
The protocol is able to provide dynamic pricing thanks to Chainlink Oracles, and aggregation of price data from exchanges with high volumes.