From 84c7dc80d00bbbea37dc3e26320c1ba03da2a842 Mon Sep 17 00:00:00 2001
From: "dr. mia von steinkirch, phd"
 <1130416+mvonsteinkirch@users.noreply.github.com>
Date: Tue, 7 Feb 2023 18:13:39 -0800
Subject: [PATCH] Update gmx.md

---
 MEV_on_Arbitrum/gmx.md | 6 ++++++
 1 file changed, 6 insertions(+)

diff --git a/MEV_on_Arbitrum/gmx.md b/MEV_on_Arbitrum/gmx.md
index d793b25..2711139 100644
--- a/MEV_on_Arbitrum/gmx.md
+++ b/MEV_on_Arbitrum/gmx.md
@@ -6,6 +6,12 @@
 
 <br>
 
+* decentralized perpetual futures exchange, being a foundational primitive and source of liquidity by arbitrum-based protocols
+* enables traders to open up to 50x leveraged long or short positions via borrowing from of a basked of assets known as GLP
+* GLPs functions as the counterparty, as it accrues values when traders loses, and bleeds values when traders win.
+* GLP also 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.
+
 
 
 <br>