From 00142c72f65cbe0cd8130065500dab72770226d4 Mon Sep 17 00:00:00 2001
From: "dr. mia von steinkirch, phd"
<1130416+mvonsteinkirch@users.noreply.github.com>
Date: Wed, 8 Feb 2023 10:43:39 -0800
Subject: [PATCH] Update gmx.md
---
MEV_by_chains/MEV_on_Arbitrum/gmx.md | 42 ++--------------------------
1 file changed, 3 insertions(+), 39 deletions(-)
diff --git a/MEV_by_chains/MEV_on_Arbitrum/gmx.md b/MEV_by_chains/MEV_on_Arbitrum/gmx.md
index f6d112d..06b79c9 100644
--- a/MEV_by_chains/MEV_on_Arbitrum/gmx.md
+++ b/MEV_by_chains/MEV_on_Arbitrum/gmx.md
@@ -17,47 +17,12 @@
----
-
-### tokenomics
+### in this dir
-* $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
-
-
-
-##### 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)
-
-
-
-
-
+* [oracle abuse](oracle_abuse)
+* [tokenomics](tokenomics)
@@ -68,5 +33,4 @@
-* [gmx price oracle abuse](https://twitter.com/ChainsightLabs/status/1580208615654584321?s=20&t=-FG5kQ_7kAKhLnbuk05wSg)