diff --git a/MEV_by_chains/MEV_on_Arbitrum/gmx.md b/MEV_by_chains/MEV_on_Arbitrum/gmx.md
index 549d414..f6d112d 100644
--- a/MEV_by_chains/MEV_on_Arbitrum/gmx.md
+++ b/MEV_by_chains/MEV_on_Arbitrum/gmx.md
@@ -6,10 +6,14 @@
 
 <br>
 
-* decentralized spot and perpetual futures exchange, built on arbitrum and avalanche.
-* 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).
-* GLPs functions as the counterparty, as it accrues values when traders loses, and devalue 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).
+* 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).
+* $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
+* 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
 
 <br>
 
@@ -21,12 +25,34 @@
 
 * $GMX: 
   * participate in 30% of protocol fees
-  * earn escrowed GMX (esGMX)
+  * earn escrowed $GMX ($esGMX)
   * earn multiple points that boost yields 
 
 
-* $esGMX
-  *  
+* $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)
 
 
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