GMX is the largest decentralized spot and derivatives trading protocol in the Arbitrum ecosystem. GMX was renamed from Gambit on the original BNB Chain. It launched the public version on Arbitrum in the third quarter of last year, and integrated the Avalanche network in January this year, allowing up to 30 times leverage.
Trading on GMX is powered by a multi-asset pool that earns liquidity provider fees from market making, exchange fees, and leveraged trading, with prices powered by Chainlink oracles and aggregated prices from major exchanges.
GMX supports ETH, WETH, BTC, LINK, UNI, USDC, USDT, DAI, FRAX, and MIM as margins on Arbitrum to short or long ETH, BTC, LINK, and UNI, and provides AVAX, BTC, and ETH contracts on Avalanche. Supported collateral types include AVAX, WAVAX, ETH, BTC, USDC, and MIM. Of course, GMX also provides functions such as stop loss and take profit.
At present, the transaction fee for opening and closing positions in GMX is 0.1%, which is higher than that of mainstream centralized exchanges. In addition, there is a borrowing fee paid to the counterparty, which will be deducted at the beginning of each hour. The deducted fee is constantly changing according to the utilization rate (utilization). The calculation method is: borrowed assets / total assets in the pool * 0.01%. In terms of liquidation, if the value of the collateral value minus the loss and the loan fee is less than 1% of the position size, the position will be automatically closed.
According to the official website, since last September, GMX has generated more than $38 million in fees on Arbitrum, with a transaction volume of more than $28.8 billion; and a transaction volume of nearly $9 billion in more than four months after supporting the Avalanche network , with a total fee income of more than $12 million.

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GMX (GMX) Intro

https://cdn.mytoken.org/out/82f64aab83344d8c8b7392fb98a9006b

GMX Announces Multichain Launch, Adding Permissionless Trading to Base Network

https://cdn.mytoken.org/out/1991a216d39619f1e72dcd6a1470057e

Happy Ending: Crypto Hacker Returns Funds From $42 Million GMX Exploit

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2. Security: The order recipient is responsible for safeguarding their API key. Unauthorized access or use may result in financial loss. Brokers must immediately notify the platform in writing of any unauthorized use.

3. Trading Risks: Using the trading API involves market risks, including but not limited to price fluctuations and slippage. Leaders should independently assess market risks. Individual members should also independently assess market risks, and the platform bears no responsibility for losses caused by market fluctuations.

4. Technical Issues: The use of the trading API may be affected by technical issues, including but not limited to system failures and network interruptions. The platform is not responsible for losses resulting from technical issues.

5. API Key Protection: The order recipient must properly safeguard their API key and not share it with any third party. Any loss caused by the leakage of the API key shall be borne by the order recipient.

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