GMX 🫐 Re-poster

We would like to alert our community that a fresh governance proposal titled Dynamic BBD Adjustment - Capping APR and Accumulating Overhead is currently active on Snapshot. It is time for all tokenholders to make their voices heard. Please proceed to the link provided below to cast your vote:
https://snapshot.box/#/s:gmx.eth/

The GMX platform currently supports a community of over 45,000 individuals holding its liquidity provider tokens, specifically $GM and $GLV. Participation is open to everyone, granting access to yields derived from three distinct sources of revenue. We invite you to transfer your assets and begin generating superior returns:

Maintain your resilience, traders.

The Snapshot platform has been updated with a recently submitted DAO proposal regarding the GMX Marketing & Trader Incentive Program. You are encouraged to participate in the governance process by following the link below to place your vote: https://snapshot.box/#/s:gmx.eth/

Utilize any of the leading public blockchains to trade across more than 100 markets, including Gold. GMX Everywhere.

GMX is officially deploying on @MegaETH. This network boasts a capacity exceeding 100,000 TPS along with sub-10-millisecond blocks. This allows for genuine real-time onchain Perp trading built upon EVM infrastructure. The launch is scheduled for early Feb., taking place after the debut of Mega's mainnet. 🧵 1/

The governance process has officially opened for the GMX Labs Funding Proposal (2026-2027) on the Snapshot platform. We encourage every tokenholder in the DAO to participate in this important decision. Kindly submit your vote by visiting https://snapshot.box/#/s:gmx.eth/

We are excited to share that the IP/USD perpetual swap has officially been released. You are now able to execute long or short strategies on the @StoryProtocol token with onchain leverage of up to 25x. This offering is supported for traders on the Ethereum Mainnet, BNB Chain, Arbitrum, and Base.

$IP

We are pleased to introduce a new market for traders:

🔸 LIT/USD

Users can now trade @Lighter_xyz perps featuring fast onchain execution, competitive trading fees, and up to 25x leverage. Available immediately to everyone on Ethereum, Arbitrum, Base, and BNB Chain.

1/2 $LIT

A new XAUT/USD market has officially launched on GMX.

You can now trade @TetherGold with up to 25x leverage across Arbitrum, Ethereum, Base, BNB Chain, Solana, or Avalanche.

Supported by BTC-USDC liquidity, this synthetic Perp allows you to long Gold using BTC collateral, offering the opportunity to capture the upside of both assets.

Today, 5 new markets are being introduced, bringing the total number of perpetual swaps on GMX to 103.

These new Perps are now available to all traders across the Ethereum, Arbitrum, Base, and BNB Chain networks.

🔸 SYRUP/USD - from @MapleFinance

1/6 ⤵️

During the last week, the GMX Buyback & Distribute Programme purchased ~16,800 GMX tokens via the open market.

The staking yield for the upcoming 7 days is 11.94% APR.

As of now, a cumulative 2,031,625 $GMX have been repurchased, providing an average return of 21.59% for stakers.

A fresh perpetual market has been launched for traders on Ethereum, Arbitrum, BNB Chain, and Base:

🔸 MON/USD - originating from the @Monad blockchain

A fresh perpetual contract has been launched for traders on Arbitrum, Ethereum, BNB Chain, and Base:

🔸SKY/USD

You can freely take long or short positions on this token at http://Sky.money, leveraging up to 100x. Exclusively on GMX.

A new perpetual market has been launched on GMX:

🔸 ZEC/USD

Engage in long or short positions on @Zcash with leverage up to 100x. Accessible via Ethereum, Arbitrum, BNB Chain, Solana, and Base.

$ZEC

"""
IMPORTANT ANNOUNCEMENT: Revision of Open Interest Balance Calculation

Effective Monday, December 22, there will be an update to the method used for calculating the open interest (OI) balance.

Further details are provided below:

────────────────────

Existing Calculation Method
• Currently determined by summing the USD value of all positions at the moment they are initiated.

Revised Calculation Method
• Now determined by summing the notional value of all positions.

────────────────────

Illustration (existing calculation)

1. BTC price = $100,000
User A initiates a long position of $100,000 (1 BTC).

2. BTC price increases to $105,000
User B initiates a short position of $100,000 (0.95 BTC).

3. Long–short balance = $100,000 : $100,000

────────────────────

Illustration (revised calculation)

1. BTC price = $100,000
User A initiates a long position of $100,000 (1 BTC).

2. BTC price increases to $105,000
User B initiates a short position of $100,000 (0.95 BTC).

3. Long–short balance = 1 BTC : 0.95 BTC

With the revised calculation, it becomes possible to open an additional short position of 0.5 BTC to achieve a complete balance between longs and shorts.

────────────────────

Rationale Behind This Change

• Facilitates more precise balancing between long and short positions.
• Enhances the overall operational integrity of the protocol.

────────────────────

Immediate Implications Upon Implementation

The following elements will be promptly adjusted in accordance with the new calculation:
• Funding fees
• Borrowing fees
• Price impact

It may take some time for markets to realign and for these values to reach a state of stability.
"""

Over the last week, approximately 21,976 GMX tokens have been repurchased from the open market via the Buyback & Distribute model, benefiting GMX stakers.

The current annual percentage rate (APR) for staking stands at 20.09%.