A regra de 2 minutos para gmx copyright exchange
A regra de 2 minutos para gmx copyright exchange
Blog Article
GMX does not use an order book to create a trading market or AMM to make quotes, so theoretically, there is no slippage. As long as liquidity is in the liquidity pool, orders of any size can be absorbed instantly without impacting the market price.
When a user opens a trade or deposits collateral, GMX takes a snapshot of its dollar value. The value of the collateral does not change throughout the trade even if the price of the underlying asset does.
GMX is a decentralized copyright, meaning that it is not controlled by any central authority. This ensures that the GMX network is secure, transparent, and resistant to censorship.
Additionally, 86% of the current circulating supply is staked on the platform showing investors’ trust in the project despite the bear market.
As a trader, his target is all the assets in the GLP liquidity pool, which successive successful predictions can loot. The GLP’s liquidity provider, the source of revenue, is all the traders who open positions at the door.
The most apparent drawback for traders is the small selection of assets in the GLP liquidity pool, as they can only trade with a few cryptocurrencies. There is a potential additional risk of sudden spikes in funding rates, which dynamically adjust to asset utilization in the GLP liquidity pool. For example, suppose you choose to go long on LINK tokens in the contract market of the GMX platform, and soon after, you open a position.
Traders opening positions on GMX trade against the pool, with GLP functioning as the counterparty to traders on the platform. While this poses a risk to liquidity providers in GLP, historically, traders have lost more than they have profited, which results in a net increase in GLP value.
In 2021, there were roughly USD $57T perpetual swaps traded, almost a 6x increase from the previous year.
Users do not exchange assets and trade on GMX as they do on centralized exchanges, where many users submit limited buy and sell orders in the order book. Trading with GMX is done by depositing and withdrawing assets from a liquidity pool called GLP, which is the counterparty to all traders.
The floor price fund helps to ensure liquidity in GLP and provides a reliable stream of $ETH rewards for those who staked $GMX.
As long as there is liquidity in the pool, here the exchange will complete the transaction without the risk of not finding a counterparty to match and being unable to trade.
When the ratio of the Floor Price Fund to the Perfeito amount of GMX in circulation is lower than the market price of GMX, it will buy back and destroy the GMX in circulation so that the price cannot fall further.
That way, transactions are processed simultaneously, and validators' random polling ensures that transactions are correct with statistical certainty. There are pelo blocks in this consensus mechanism, allowing immediate finalization and significantly improving the blockchain’s speed.
Unlike typical liquidity pools, GLP users experience no impermanent loss and benefit directly from trading fees and leveraged trading outcomes, as per the protocol.