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#12: Analysing GMX, a Decentralised Derivatives Exchange
GMX is a decentralised derivatives exchange that allows users to trade spot markets for certain assets as well as trade perps (perpetual swaps) using leverage up to 30x.
GMX has a pool of assets known as the GLP pool through which spot and perp trades are executed. The version of GMX on Arbitrum and the version on Avalanche have two separate GLP pools with differing constituent assets.
Due to its decentralized nature and unique oracle pricing method, trades are executed with low fees and low slippage.
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By Sid Shah, Yash Palod & Sid SanghviGMX is a decentralised derivatives exchange that allows users to trade spot markets for certain assets as well as trade perps (perpetual swaps) using leverage up to 30x.
GMX has a pool of assets known as the GLP pool through which spot and perp trades are executed. The version of GMX on Arbitrum and the version on Avalanche have two separate GLP pools with differing constituent assets.
Due to its decentralized nature and unique oracle pricing method, trades are executed with low fees and low slippage.
---------------------------------------------------
📰 Subscribe to our Newsletter: https://genesisblockpod.substack.com
📣 Subscribe to our Spotify podcast: https://open.spotify.com/show/6iZTq51...
🍎 Subscribe to our Apple podcast: https://podcasts.apple.com/us/podcast...
🐦 Subscribe to our Twitter: https://twitter.com/genesisblockpod
🎵 Subscribe to our TikTok: https://www.tiktok.com/@genesisblockpod
---------------------------------------------------
DISCLAIMER
None of this is financial advice. This channel is only educational and none of the material we present should be construed as investment advice. DYOR!