The Ultimate Guide to gmxol exhange
The Ultimate Guide to gmxol exhange
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To further maintain the price of perpetual contracts with that of the spot markets, a funding payment is made. This payment is made between the traders in a contract and is guided by the difference between the Index price (average spot price) and the price of the perpetual contract. When the price of the perpetual contract is higher than the average price of the asset on spot markets, funding is positive in value, traders in long positions pay traders in short positions.
We believe that liquidation processes should be influential in determining which money market to use, among other considerations.
You can place trades at specific prices so you don't overpay on token purchases. Jupiter uses powerful data from partners Birdeye and TradingView to give its users the most accurate information. Simply place a limit order on Solana and get your tokens straight into your wallet once it’s executed.
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Rather, they can bet on a selected asset using another asset. The trade is executed at the stated time and not instantly like in spot trading. The asset used in the futures contract is known as collateral. A trader in a futures contract either takes a long or short position.
Solana is a decentralized computing platform that uses SOL to pay for transactions. Solana aims to improve blockchain scalability by using a combination of proof of stake consensus and so-called proof of history.
Following the GMX exchange’s rebranding from Gambit and merging XVIV tokens, over 45% of the GMX token supply is expected to be absorbed by old Gambit and XVIX holders migrating their tokens to GMX. 15% of the Completa supply has been added to the GLP pool while about 2% of the Perfeito supply will be used for further marketing of the GMX exchange.
You can switch between Arbitrum and Avalanche networks by clicking the three dots at the top right corner of your device. Ensure that you are on the intended network before proceeding.
Stakers can earn three types of rewards when they lock up GMX: escrowed GMX (esGMX), multiplier points, and ETH or AVAX rewards. esGMX is a derivative that can be staked or redeemed for GMX over a period of time, while multiplier points reward long-term GMX stakers by boosting the interest rate on their holdings.
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GLP is a basket of assets used for trading and leverage trading. It can be minted using any of the assets in the basket and burned to redeem any of the assets.
Income is sustainable in GMX and GLP as it comes from traders paying trading fees as well as positions being liquidated. Compared to the usual stablecoin yields which are around 10-20% APR where yields are unsustainable as they are paying using their native chips.
GMX token staking program offers holders an opportunity to earn passive income through their tokens. Holders can stake their GMX tokens and earn interests of over 10% APR (at the time of this writing) on Arbitrum one and Avalanche blockchain. 30% of the fees generated on the platform are used to reward stakers.