Since its inception, GMX has done well in volume growth and has managed to capture a fraction of dYdX’s pie. The average daily traded volume has surpassed USD $150M since the start of the year.
Avalanche’s GLP pool comprises AVAX, ETH, BTC, and USDC. The GLP pools on different chains are not connected, but the share of stablecoins is close to about 50%, equivalent to the asset index portfolio of a basket of cryptocurrencies.
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The profit from the closed position is taken out of the GLP liquidity pool. The profit from closing the position will be removed from the GLP liquidity pool, while the loss will be deducted from the margin.
Arbitrum is a layer-2 blockchain which derives its security from the Ethereum network, which provides consensus and finality for Arbitrum transactions. In other words, Ethereum guarantees the validity of the rollup’s off-chain computation and data availability behind the computation.
However, GLP holders stand to profit when GMX traders go short and prices rise, GMX traders go long and prices decrease, and GMX traders go long and prices rise.
Avalanche’s GLP pool comprises AVAX, ETH, BTC, and USDC. The GLP pools on different chains are not connected, but the share of stablecoins more info is close to about 50%, equivalent to the asset index portfolio of a basket of cryptocurrencies.
The Completa number of coins that will ever be created for the copyright, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
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GLP’s price is contingent on the price of its underlying assets, as well as the exposure GMX users have toward the market. Most notably, GLP suffers when GMX traders short the market and the price of pool assets also decreases.
Although the GMX protocol demonstrates strong potential and a positive development outlook, the market is always uncertain. Therefore, users must conduct comprehensive analysis and risk assessment before making investment decisions.
Suitable indicators and tools combined with copyright news make up the best possible fundamental analysis for decision-making
GMX operates on a consensus mechanism that ensures all transactions are validated and recorded on the blockchain in a secure and transparent manner. This mechanism is designed to prevent double-spending and maintain the integrity of the GMX network.