GMX

Overview

GMX is a decentralized perpetual exchange on Avalanche C-Chain (and other networks including Arbitrum). It supports spot and perpetual trading with up to 100x leverage, using a multi-asset liquidity pool that enables low-slippage trades. Fees generated by the platform are distributed to liquidity providers and GMX stakers.

Features

• Multi-Asset Liquidity Pool: Trades execute against a shared pool, reducing price impact on larger orders.
• Low Fees: Competitive fee structure with fee sharing for liquidity providers.
• Leverage Trading: Up to 100x leverage for long and short positions.
• Zero Price Impact Trades: Unique pricing mechanism allows large trades without moving the market.
• Real Yield: Stakers and LPs earn ETH/AVAX from actual trading fees (not token emissions).
• Multi-Asset Collateral: Use several supported assets as trading collateral.

Getting Started

1. Go to GMX and connect your wallet (MetaMask, Core, etc.).
2. Deposit supported assets as collateral.
3. Select a trading pair, set your leverage (up to 100x), and open a position.
4. Monitor and manage open positions from the dashboard.

Documentation

For detailed guides and technical docs, visit the GMX Documentation.

Use Cases

• Spot Trading: Swap tokens with low slippage via the liquidity pool.
• Perpetual Trading: Open leveraged long/short positions on supported pairs.
• Yield: Provide liquidity or stake GMX to earn a share of trading fees.
• Hedging: Use perpetual positions to hedge exposure in other DeFi positions.