The Bankless Guide to GMX

GMX Explained: A Beginner's Guide to the Decentralized Exchange

Subscribe to Bankless or sign in

GMX is a decentralized spot and perpetual exchange that offers low swap fees and minimal price impact trades. It operates on Arbitrum and Avalanche, providing users with an efficient avenue for trading and earning on tokens and derivatives.

GMX is a decentralized exchange (DEX) that specializes in both spot and perpetual futures trading. It aims to solve common issues in decentralized trading, such as high fees and significant price slippage, by utilizing unique multi-asset pools and advanced pricing mechanisms.

The platform supports a wide range of trading pairs and allows users to trade with up to 100x leverage on certain assets. GMX also offers opportunities for liquidity providers to earn rewards through various mechanisms, including market making, swap fees, and leverage trading fees.

Subscribe for free to continue reading

  • Support the Bankless Movement
  • Access to thousands of articles
  • Complete archive of Bankless episodes
  • Embark on free quests in Airdrop Hunter
  • Daily alpha in your inbox

Already subscribed? Sign in


8
0
Bankless

Written by Bankless

346 Articles View all      

It’s time to break up with your bank, and join the movement for a better world.

No Responses
Search Bankless