GMX
About GMX
GMX is a decentralised perpetual exchange that allows users to trade BTC, ETH, and other assets with up to 100x leverage directly on-chain. GMX V2 introduced isolated pools, customisable fee structures, and improved risk management. Liquidity providers earn fees from all trading activity via the GLP/GM pool model.
Key Features
- Perpetual futures (up to 100x)
- Spot trading
- GLP/GM liquidity pool model
- Low swap fees
- Oracle-based pricing (Chainlink)
- Multi-asset pool
- Revenue sharing with stakers/LPs
Risks
- Oracle manipulation risk
- LP losses during trending markets
- Smart contract risk
- Concentration of liquidity
- Limited asset selection vs. CEXs
Community & Socials
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