diff --git a/MEV_by_chains/MEV_on_Arbitrum/gmx/README.md b/MEV_by_chains/MEV_on_Arbitrum/gmx/README.md index 70b5a22..4cc12da 100644 --- a/MEV_by_chains/MEV_on_Arbitrum/gmx/README.md +++ b/MEV_by_chains/MEV_on_Arbitrum/gmx/README.md @@ -6,12 +6,11 @@
-* decentralized spot and perpetual futures exchange, built on arbitrum and avalanche -* promised features: minimal liquidation risks, low costs, simple swap, capital efficiency, demand drivers -* gmx enables traders to open up to 50x leveraged long or short positions via borrowing from a multi-asset pool known as $GLP (that earns lp fees through market making, swap fees, leverage trading, and asset rebalancing). +* decentralized spot and perpetual futures exchange, built on arbitrum and avalanche, with low swap fees and zero price impact trades. +* gmx enables traders to open up to 30x leveraged long or short positions via borrowing from a multi-asset pool known as [$GLP](https://gmxio.gitbook.io/gmx/glp) (that earns lp fees through market making, swap fees, leverage trading, and asset rebalancing). * $GLPs function as the counterparty, as it accrues values when traders loses, and devalues when traders win. $GLP accrues 70% of all trading fees, while stakers of the protocol governance token, earn 30%. $GLP is also emerging as a form of collateral, with lending protocols integrating the LP token into their product offerings. * native token $GMX functions as a governance, utility, and value-accrual token. all collected fees fo to the $GMX fee pool, which issues fee rewards (e.g., ETH/AVAX). -* a floor price fund helps ensure liquidity in the $GLP pool, plus a reliable stream of $ETH rewards fo $GMX stakers +* a floor price fund helps ensure liquidity in the $GLP pool, plus a reliable stream of $ETH rewards fo $GMX stakers. * protocol's revenues come from: swap fees, trading fees, execution fees, liquidation fees, and borrow fees * protocol risks: liquidity risks, market/oracle manipulation, centralization risk, scalability risk @@ -32,4 +31,5 @@
- +* [gmx docs](https://gmxio.gitbook.io/gmx/) +* [synapse bridge](https://synapseprotocol.com/)