diff --git a/MEV_by_chains/MEV_on_Arbitrum/gmx/README.md b/MEV_by_chains/MEV_on_Arbitrum/gmx/README.md index 4cc12da..e8139a2 100644 --- a/MEV_by_chains/MEV_on_Arbitrum/gmx/README.md +++ b/MEV_by_chains/MEV_on_Arbitrum/gmx/README.md @@ -11,8 +11,8 @@ * $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 +* 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. +* liquidation price: when (collateral - losses - borrow fee) is less than 1% of position's size.