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/biz/ - Business & Finance

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52272374 No.52272374 [Reply] [Original]

AVAX Trading Rewards starting soon on GMX

Create delta neutral-perpetual strategies with assets like AVAX, BTC, and ETH using longs and shorts to hedge your portfolio. Add liquidity to GLP with Avalanche assets supported by GMX and join the Rush. Trade easily with near zero finality and low fees thanks to Avalanche.

>$4 million worth of AVAX will now be allocated over a multi-month time period to support GMX.
>Bullish.

>Trading Competition Article
https://medium.com/avalancheavax/gmx-joins-avalanche-rush-with-4m-in-trading-rewards-ce5c66f0e3b3

>What is GMX?

GMX is a decentralized spot and perpetual contract trading platform that supports low swap fees and zero price impact trades allowing users to leverage up to 30x on their trades. This protocol first went live on Arbitrum in September 2021 before launching on Avalanche at the beginning of 2022.

Trading is supported via a unique multi-asset liquidity pool that generates rewards from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing which are channelled back to liquidity providers.

GMX is powered by Chainlink Oracles. It uses an aggregate price feed from leading volume exchanges to reduce liquidation risk from temporary wicks. A liquidation occurs when a user’s collateral becomes insufficient to maintain a trade; the platform then forcefully closes the position and pockets the deposit to cover its losses.

>Why GMX?
A perpetual swap is like a futures contract that has no expiry, meaning the instrument can be held indefinitely. In DeFi, perpetual are used to speculate on crypto price action and require little capital upfront to support very leveraged positions.

As for GMX specifically, the project provides non-custodial perpetual swap trading with an emphasis on friendly UX.

>GMX Link
https://gmx.io/#/

>Use Core Wallet
https://medium.com/avalancheavax/ava-labs-launches-core-web-further-upgrading-the-web3-user-experience-e334f36c8828

>> No.52272457

avax mfs aint playing around kek

>> No.52272466
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52272466

>>52272374
>Trading Competition
Now I can show how my talents

>> No.52272506

Welp, those are some bullish news for sure

>> No.52272515

>>52272374
It looks like a good deal, actually. I'm going to enter to see how it goes and I'll make a thread here commenting on my results. Stay tuned.

>> No.52272585
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52272585

>>52272374
LFG we'll see AVAX back at $100 it's a matter of time

>> No.52272600

>>52272515
Looking foward to it anon

>> No.52272624

>>52272374
Last year was a good one, but we were in a different market, let's see how this evolves

>> No.52272712

>>52272374
Events that can shake the market, we could see a good pump in AVAX, I say.

>> No.52272744

>>52272374
>SBF is fucked
>Avalanche just launched this
SOLfags in suicide watch

>> No.52272862

>>52272744
>omegakek

>> No.52272865

>>52272374
Unironically the only coin that's doing something. Solfags and polyjeets can suck my fucking dick

>> No.52272889
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52272889

>>52272744
let's suicid3 'em

>> No.52272893

trading comp on tigris.trade right now. the fastest and cheapest platform on arb and poly.

>> No.52272916
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52272916

>>52272466
Lejaim! Shalom, my brother.

>> No.52272949

>>52272865
Checked, based and redpilled

>> No.52272986
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52272986

few, $250 by 2023's Q4

>> No.52273121

>>52272374
Can we all agree that this is one of the biggest events of the year?

>> No.52273223
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52273223

>>52272374
>mfw 4 million worth of AVAX are talked about casually

>> No.52273401

>>52272986
that's very bearish

>> No.52273533

>>52273401
>that's very bearish
the bear market will last for two years more, having this good news about GMX and Avalanche is cool

>> No.52273745

>>52272986

fucking THICC, totally would hit

>> No.52273756

>>52272374
GMX and AVAX big frens

>> No.52273807

>>52272986
LFG

>> No.52274652

I can't have enough rewards. GIVE ME

>> No.52274696

>>52272374
AVAX

>> No.52275047
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52275047

>>52273533
let's toast

>> No.52275296
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52275296

>>52275047
cheers bro

>> No.52275364

>>52272374
The way AVAX has been moving in the last few days, I think it is an excellent investment on the part of GMX.

>> No.52275451 [DELETED] 
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52275451

>>52275296
LFG

>> No.52275714

>>52272986
I'd smash DESU

>> No.52275781
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52275781

>>52272986
Fuck, now I feel the urge to invest

>> No.52275842

Bros the logo is the pedo symbol, wagmi

>> No.52275903

>>52272374
How does Arbitrum take 90% of GMX trading volume when AVAX is literally giving out money and begging traders to come?

>> No.52275916

>>52275842
are u high?

>> No.52276058

>>52272466
lmao this aint fair

>> No.52276069
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52276069

>>52275903
>How does Arbitrum take 90% of GMX trading volume
Are you dumb? GMX was deployed on Arbitrum 4 months before Avalanche. This is a great incentive to keep into consideration lol

>> No.52276171
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52276171

>>52272374
https://cryptoleaks.info/case-no-3

>> No.52276246
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52276246

>>52276171
Nice copy-paste. It was made by some ICP fags. Imagine hiring a spy to recollect fake information which was already refuted in a few threads.

Even Kyle made a thread talking about it. Who would listen to some faggots trying to gather attention to their dead shitcoin? The whole website is shilling ICP.

>> No.52276303

>>52272374
Game on, Anon

>> No.52276399

>>52276171

Isnt cryptoleaks run by an ICP guy? gtfo with ur cheap fud nigger

>> No.52276430

>>52276171
sharing misleading info so you can get all the rewards huh? oldest trick in the book

>> No.52276996

>>52272374
turks finally delivered

>> No.52277747
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52277747

>>52272374

>> No.52277968
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52277968

>turks throwing more salt into SBF's wounds
absolutely based

fuck CeFi and fuck Judaism