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dr. mia von steinkirch, phd 2023-02-08 10:43:39 -08:00 • committed by GitHub
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MEV_by_chains/MEV_on_Arbitrum/gmx.md
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@ -17,47 +17,12 @@
<br>
---
### tokenomics
### in this dir
<br>
* $GMX:
* participate in 30% of protocol fees
* earn escrowed $GMX ($esGMX)
* earn multiple points that boost yields
* $esGMX
* escrowed tokens are earned by staking $GMX or $GLP and can be vested
* participate in 30% of protocol fees
* earn escrowed $GMX ($esGMX)
* earn multiple points that boost yields
* $GLP
* community-owned multi-asset liquidity pool
* the amm uses the pool to serve the decentralized spot exchange (swap) and perpetual contract services
* no impermanent loss
* earn 70% of protocol fees
* earn escrowed $GMX ($esGMX)
* close positions (withdraw of collateral) triggers $GLP burn mechanism
<br>
##### initial token distribution
* 45.28% (6.000.000 $GMX) allocated to XVIX and Gambit migration
* 15.09% (2.000.000 $GMX) allocated to the Floor Price Fund
* 15.09% (2.000.000 $GMX) allocated to reserve (for vesting from esGMX rewards)
* 15.09% (2.000.000 $GMX) allocated to liquidity (paired with ETH for liquidity on Uniswap)
* 7.55% (1.000.000 $GMX) allocated to the presale round
* 1.89% (250.000 $GMX) allocated to marketing & partnership (distributed to contributors linearly over two years)
<br>
<img width="739" src="https://user-images.githubusercontent.com/1130416/217584094-7d12706a-527c-4642-babd-0c554946c229.png">
* [oracle abuse](oracle_abuse)
* [tokenomics](tokenomics)
<br>
@ -68,5 +33,4 @@
<br>
* [gmx price oracle abuse](https://twitter.com/ChainsightLabs/status/1580208615654584321?s=20&t=-FG5kQ_7kAKhLnbuk05wSg)