gmx copyright exchange No Further um Mistério
gmx copyright exchange No Further um Mistério
Blog Article
Although GMX V1 provided a relatively comprehensive on-chain derivatives solution and became the largest on-chain derivatives market by TVL, it had several user experience issues. These included high trading fees, potentially high borrowing costs for both long and short positions leading to high holding costs, significant skew in long and short positions causing losses for GLP holders, and the risk of a single asset causing losses for all GLP holders.
GMX respects the privacy of its users. The copyright uses advanced privacy features to ensure that user data is kept confidential and secure.
Users can deposit their copyright into the GLP pool to become liquidity providers and receive credentials for GLP tokens. Users staking GLP tokens can receive transition fees, funding fees, and liquidation fees, which fees will directly convert to the native assets of that blockchain network.
Total staking value has topped $400 million and cumulative trading volume has surpassed $55 billion in the year since the GMX protocol was developed, making it the third-largest decentralized exchange on Arbitrum after copyright and Curve.
So why would traders still want to use the GMX protocol for trading? Because the market depth of GMX is excellent, and there are no slippage problems. Because the profit of trading is from the spread trading, using the order book trading or AMM liquidity pool trading will be due to a large amount of buying or selling to increase costs or reduce profits, but through the GLP liquidity pool to open.
The dealer always hopes that a gambler’s error in judgment will result in a margin forfeit, even if the opening desk fee and hourly interest income mitigate the occasional lucky win.
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.
Polymarket is a leading decentralized prediction market based on Polygon, and recently garnered attention as the US Presidential election race heats up.
* 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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Introducing funding fees determined by the open interest of long and short positions, facilitating balance between the two through arbitrage.
Changing the borrowing fee structure to only charge the side (long or short) with greater open interest, instead of charging both sides.
* 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.
Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and copyright is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance.