gmx copyright exchange - Uma visão geral
gmx copyright exchange - Uma visão geral
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30% of the fees collected from swaps and leverage trading conducted on the platform are converted to either ETH or AVAX and distributed to GMX stakers.
On the surface, the GMX protocol fulfills the wishes of almost all liquidity providers: long-term, stable, low-risk, high-yielding gold flows. But the truth is less rosy than it seems because GLP liquidity pools are more than just deposits and lending like banks. Their excess returns well above the general market interest come from traders’ forfeited margin, and the increased risk taken is traders’ profit.
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.
However, this did not deter GMX’s growth in any real way thus far. Since the start of 2022, GMX averages a protocol revenue of USD $2M per month.
1) GMX/ETH liquidity is provided and owned by the protocol, the fees from this trading pair will be converted to GLP and deposited into the floor price fund
This appchain ensures that the dYdX protocol uses a decentralized order book and matching engine that enhances the platform's scalability gmxio copyright and security.
Security is a top priority for GMX. The copyright uses advanced encryption techniques to ensure that all transactions are secure and that user data is protected.
Unlike most DEXs which use multiple single-asset pools, GMX utilizes a single multi-asset pool to facilitate all of their trades. This multi-asset pool is known as GLP and consists of several large cap tokens and stablecoins.
Among other things, it allows market participants to profit from price downturns, reduce risk in uncertain conditions, and bet big on an asset when they have conviction.
Here’s an example: Suppose that you wanted to buy $BTC at USD $10,000. In order for this to happen, someone must be willing to sell their $BTC at that price on that platform. If there is pelo willing seller, your buy order would not go through.
BloFin also allows users to buy cryptocurrencies directly with fiat through debit or credit cards, adding convenience that’s rare among non-KYC exchanges.
Protocol revenue is split 70/30 between $GLP and the other protocol token $GMX. In addition to getting the larger share of protocol revenues, $GLP holders also get all the collateral when positions are liquidated which leads to a fluctuating but over-time growing inflow of revenue.
These items help the website operator understand how the site performs, how visitors interact with it, and whether there are any technical issues. This type of storage typically doesn't collect information that identifies a visitor.
As long as there is liquidity in the pool, the exchange will complete the transaction without the risk of not finding a counterparty to match and being unable to trade.