### tokenomics

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* $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

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##### 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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<img width="739" src="https://user-images.githubusercontent.com/1130416/217584094-7d12706a-527c-4642-babd-0c554946c229.png">