Git-Mirrors/mev-toolkit
1
0
Fork 0
mirror of https://github.com/autistic-symposium/mev-toolkit.git synced 2025-07-23 06:30:34 -04:00
Code Issues Projects Releases Packages Wiki Activity

Update README.md

Browse source
This commit is contained in:
dr. mia von steinkirch, phd 2023-02-12 09:56:31 -08:00 • committed by GitHub
parent 3e4f2ccef7
commit 3a41687d18
No known key found for this signature in database
GPG key ID: 4AEE18F83AFDEB23
1 changed files with 1 additions and 1 deletions
Download patch file Download diff file Expand all files Collapse all files

2
MEV_by_chains/MEV_on_Arbitrum/gmx/README.md
View file

@ -7,7 +7,7 @@
<br>
* decentralized spot and perpetual futures exchange, built on arbitrum and avalanche, with low swap fees and zero price impact trades (large trades are set at the mark price).
* gmx enables traders to open up to 30x leveraged long or short positions via borrowing from a multi-asset pool known as [$GLP](https://gmxio.gitbook.io/gmx/glp) ($BTC, $ETH, $UNI, $LINK, and stablecoins), that earns lp fees through market making, swap fees, leverage trading, and asset rebalancing).
* gmx enables traders to open up to 50x leveraged long or short positions via borrowing from a multi-asset pool known as [$GLP](https://gmxio.gitbook.io/gmx/glp) ($BTC, $ETH, $UNI, $LINK, and stablecoins), 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 for 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 for $GMX stakers.