• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Avalanche Foundation launches $ four million liquidity stimulus for GMX

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Avalanche Foundation is offering $ four million in AVAX token offerings for the GMX decentralized trading platform.

Avalanche Foundation launches $ 4 million liquidity stimulus for GMX
Avalanche Foundation launches $ four million liquidity stimulus for GMX

The over stimulus comes from Avalanche Rush, a $ 180 million ecosystem advancement fund that aims to maximize liquidity and consumers for DeFi applications on Avalanche’s good contract platform, in addition to two other money: Avalanche Blizzard ($ 220 million) and Avalanche Multiverse ($ 290 million). they had been announced by the venture shortly immediately after.

Related articles

Next Crypto to Explode: BlockDAG, Avalanche, Sui, and Litecoin Gain Serious Ground

Next Crypto to Explode: BlockDAG, Avalanche, Sui, and Litecoin Gain Serious Ground

June 3, 2025
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

The new $ four million AVAX fund will be rolled out more than a multi-month time frame, as nicely as with GMX-primarily based companion platforms, like DEX this kind of as TraderJoe, YieldYak and Dopex.

GMX, the decentralized perpetual exchange, joins Avalanche Rush. This gives traders the greatest portfolio hedging possibilities. https://t.co/R07W2oyySP

– Emin Gün Sirer🔺 (@ el33th4xor) November 7, 2022

GMX is a decentralized stock exchange giving extended spot and perpetual futures contracts to Avalanche following the first advancement of a different important scaling protocol, Arbitrum.

GMX employs a unique token small business model than other DEXs in buy to lessen long lasting reduction (IL) for liquidity companies (LPs). This is a developing concern as this concern brought on more than $ one hundred million in harm to LPs in October 2022 alone.

With the GMX model, alternatively of incurring losses due to IL, liquidity companies accept the danger of shedding their capital if traders on GMX make a revenue. When traders eliminate or are liquidated, commissions are paid to liquidity companies to execute the other side of the trade. Conversely, if traders make revenue, liquidity companies are the ones who endure from it.

However, Avalanche’s incentive system eliminates some of the hazards related with offering liquidity on GMX and enables companion protocols to make new kinds of items primarily based on the income model made use of by GMX. With $ four million paid out more than quite a few months, consumers can be inclined to supply liquidity on GMX and use new items supplied by GMX itself.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: AvalancheFoundationGMXlaunchesliquiditymillionstimulus
Share76Tweet47

Related Posts

Trump-Musk Relationship Strained Amid Policy Disagreements

by shark
June 6, 2025
0

Former President Donald Trump and Elon Musk are experiencing a strained relationship following U.S. policy disagreements, particularly concerning electric vehicle...

Tether Invests in Shiga Digital, Expanding African Blockchain Services

by shark
June 6, 2025
0

Tether announces investment in Shiga Digital to enhance financial services in Africa, focusing on blockchain and USDT integration for cross-border...

Total Crypto Trading Volume Reaches $80 Trillion Milestone

by shark
June 6, 2025
0

Crypto trading volume hit $80 trillion, highlighting increased institutional investment and market volatility.

Hong Kong Legalizes Crypto Derivatives for Professional Investors

by shark
June 6, 2025
0

Hong Kong greenlights crypto derivatives trading for professional investors, aiming to boost its Web3 leadership.

Record $1.19 Billion Crypto Options Trade Executed

by shark
June 6, 2025
0

The largest crypto options trade in history involving 11,350 BTC with a notional value of $1.19 billion signifies increased institutional...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Trump-Musk Relationship Strained Amid Policy Disagreements
  • Tether Invests in Shiga Digital, Expanding African Blockchain Services
  • Total Crypto Trading Volume Reaches $80 Trillion Milestone
  • Hong Kong Legalizes Crypto Derivatives for Professional Investors
  • Record $1.19 Billion Crypto Options Trade Executed
  • Qubetics Gains Traction as HYPE and Tron Respond to Market Shifts: The Next Best Crypto to Buy in 2025
  • ECB Cuts Interest Rates; Bitcoin Prices Surge
  • BlockDAG Hits $287M, AVAX Eyes $300 & BCH Climbs,
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7