From f18cb032303d03015c25dbbe3744d0b5a0c5417f Mon Sep 17 00:00:00 2001
From: "dr. mia von steinkirch, phd"
 <1130416+mvonsteinkirch@users.noreply.github.com>
Date: Wed, 8 Feb 2023 10:44:15 -0800
Subject: [PATCH] Create tokenomics.md

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 .../MEV_on_Arbitrum/gmx/tokenomics.md         | 39 +++++++++++++++++++
 1 file changed, 39 insertions(+)
 create mode 100644 MEV_by_chains/MEV_on_Arbitrum/gmx/tokenomics.md

diff --git a/MEV_by_chains/MEV_on_Arbitrum/gmx/tokenomics.md b/MEV_by_chains/MEV_on_Arbitrum/gmx/tokenomics.md
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+### tokenomics
+
+<br>
+
+* $GMX: 
+  * participate in 30% of protocol fees
+  * earn escrowed $GMX ($esGMX)
+  * earn multiple points that boost yields 
+
+
+* $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)
+
+
+<br>
+
+<img width="739" src="https://user-images.githubusercontent.com/1130416/217584094-7d12706a-527c-4642-babd-0c554946c229.png">