GMX ๐ซ
@GMX_IO
On-chain perpetual & spot dex: BTC, ETH, SOL and many other top crypto assets available with up to 100x leverage directly from your own wallet
2 Following 219.5K Followers
One month in, the GMX Dollar Vault backs 7 markets: BTC, ETH, NEAR, ZEC, HYPE, XRP and SOL. One $USDG deposit, spread across all of them, earning from the volume, withdrawable any time.
Full launch boost runs until 30 Nov. Here's how it works:
Show more
Be like @GMX_IO, use $USDG.
GMXโs $USDG supply surged from ~$1.5M in early October to nearly $17M, 10x growth in less than a month.
A direct result of integration into their GM pools and the GMX Dollar Vault to capture volume across BTC, ETH, and SOL markets. ๐
Show more
2x looped GLV-ETH is earning 40.62% APY on Dolomite right now, with most of the $ETH price risk hedged out ๐๏ธ
Push it to 3x and your yield climbs to 59.10%.
GLV-ETH is @GMX_IO's Liquidity Vault, the pool that backs traders across 50+ GMX markets and earns from their activity.
Dolomite Strategies lets you loop it on @arbitrum in a couple of clicks.
Let's dig into the details ๐
Show more
NEW: @gmtrade_xyz by @GMX_IO led all @Solana perpetual DEXs in trading volume for the second consecutive month, recording $25B in October, its highest monthly volume since June.
Show more
GMTrade is becoming @GMX_IO on @solana
Same team, same markets, one roof. 24/7 crypto, forex, commodities and stocks trading with up to 500x leverage and deep liquidity.
GT buybacks are live, and every trade, LP position or referral earns points.
Show more
GMX is the liquidity layer for platforms that build on top of it: permissionless, composable, and peer-to-pool.
Welcome to the ecosystem, Foxify.
Foxify ร @GMX_IO is LIVE
Our first peer-to-pool integration is here.
โ Low-slippage execution
โ Automated FUNDED trading
โ 20 free accounts available, buy one get one
Get involved๐
Show more
Looking forward to working with @falconfinance as part of GMXโs treasury management strategy.
DAO treasuries can do more than hold tokens.
GMX plans to put part of its protocol-owned GMX to work with Falcon Finance to generate yield.
Keep the position, earn on it. Treasury assets are collateral too.
Looking forward to working with @GMX_IO!
Show more
DAO treasuries can do more than hold tokens.
GMX plans to put part of its protocol-owned GMX to work with Falcon Finance to generate yield.
Keep the position, earn on it. Treasury assets are collateral too.
Looking forward to working with @GMX_IO!
Show more
Oct 29, 8:30 AM ET: Q3 GDP and September PCE drop together.
Consensus: GDP ~3.2% annualized, core PCE ~0.3% m/m and ~3.1% y/y.
The Fed held at 3.75โ4.00% in a 10โ2 vote. Both dissents wanted a hike. This is the first major data to come after, and it will shape December.
Show more
Big tech earnings week:
Oct 28: $MSFT, $GOOGL after the close, hours after the Fed decision
Oct 29: $AMZN, $MSTR after the close
Nov 2: $AAPL, John Ternusโ first call as CEO
Watch cloud growth, AI spend, and holiday guidance. All five trade as Solana perps.
Show more
FOMC decision: Oct 28, 2 PM ET; Warsh presser at 2:30.
Markets see ~90% odds of a hold at 3.75โ4.00%, and ~80% for a December hike.
Oil pulled back, but energy-driven inflation persists. A firm December stance typically lifts the dollar and yields, pressuring gold (now at ~$4K).
Show more
USDG growth on @Arbitrum is on fire
Most of the growth is being led by @Morpho and @GMX_IO
@0xfluid, @Uniswap, and @aeroxyz are also slowly increasing their holdings too
Hoping to see more teams integrate!
Show more
๐๐๐
Growing USDG on Arbitrum
Two changes are planned for GMX on October 28:
๐นAll remaining Solana-side revenue after GT buybacks will buy back GMX for the staking rewards pool
๐น A 180-day unstaking timelock will be introduced for staked GMX and esGMX on Arbitrum and Avalanche
1/2
Show more
Join us Thursday at 1 pm ET for a conversation with folks from the ecosystem about growing $USDG on Arbitrum.
@ajwarner90 - @Offchain
@0xkarankaria - @Paxos
@MartindRijke - @maplefinance
@Jonezee - @GMX_IO
@Derekmw23 - @Uniswap
@AliTslm - @EntropyAdvisors
Live here on X and Youtube.
Show more
The GMX Dollar Vault spreads your USDG deposit across the GM liquidity pools behind GMXโs deepest perp markets.
Deposit dollars. Earn dollars.
Most $USDG on @Arbitrum now sits in those pools. Details of the new LP product are in the pinned tweet.
Show more
GMX now holds $12M+ in USDG deposits on @Arbitrum, and the main driver is their GLV USDG Vault.
DRIP incentives are live for the vault depositors, distributed via @merkl_xyz.
For more details, check them out at:
Show more
Denaria turns 1 month old on Arbitrum
On September 14th, we released Denaria on @arbitrum, bringing @gmx_io-powered perpetual markets to a mobile-first trading experience.
Today, we've already facilitated $3.9M in trading volume across 2,081 trading positions.
And we're just getting started.
Our mission is clear: Make perps trading accessible to everyone, anywhere, 24/7.
Try the app now and start earning DXP points.
Show more
CPI Wednesday at 8:30 AM ET:
Headline is seen at 3.6% year over year and core at 2.5%; a firmer core reading would boost December rate hike expectations.
PPI Thursday at 8:30 AM ET:
Producer prices are forecast up 0.5% month over month, offering an early signal of where consumer prices head next.
Show more
Following our merger with @GMX_IO, all GMTrade updates will be posted from @GMX_IO from now on, with Solana content clearly marked.
This account will retweet Solana-network posts during the transition.
Follow @GMX_IO to stay in the loop.
Show more
