GMX introduces APT/USD and TIA/USD perpetual swap markets
The new markets for TIA (Celestia) and APT (Aptos) are synthetic, backed by WETH-USDC liquidity pools. Liquidity will be dynamically allocated to these GM pools through GLV, the GMX Liquidity Vault.
Perpetual swap markets for TIA/USD and APT/USD have just been launched on GMX. Users can now trade both tokens on margin on Arbitrum, while enjoying self-custody, deep liquidity and fast onchain execution.
Exec Summary
GMX lists TIA/USD and APT/USD perpetual swaps
TIA/USD and APT/USD pools added to GLV [WETH-USDC]
Mint GLV to provide liquidity on GMX with optimal capital efficiency
High-performance price feeds are provided by Chainlink Data Streams
GLV Liquidity & Market Parameters
The new markets are synthetic in nature, supported by underlying WETH-USDC liquidity pools. Users can trade TIA and APT perpetual swaps with up to 50x leverage, while these markets do not support spot trading.
The TIA and APT liquidity pools have also been added to GLV [WETH-USDC], the new GMX Liquidity Vault. By adding these markets to GLV, liquidity will automatically shift to these pools to meet trader demand. This unique mechanism allows GLV to support numerous synthetic markets simultaneously.
GLV can be viewed as an enhanced version of the GLP pool from GMX V1. It acts as an index of GM pools, dynamically rebalancing its liquidity to the best-performing pools, thereby generating fees from all of them. Consequently, GLV offers liquidity providers a balanced product with stable risk-adjusted returns and optimal capital efficiency.
Read more about GLV and its advantages in the launch announcement here: https://gmxio.substack.com/p/gmx-introduces-gmx-liquidity-vaults
Price feeds for TIA and APT are being provided by Chainlink Data Streams, the leading low-latency oracle solution for Perp DEXes, for which GMX is the exclusive launch partner.
Providing Liquidity to GLV or a GM pool
Select your desired liquidity pool in the drop-down menu under Buy GM, or under ‘Pools’. Or, select GLV to provide liquidity to GMX’s new auto-optimising liquidity vault, which offers balanced exposure to a mix of GM pools.
Click the Buy button
Input the amount you would like to supply to support trading on GMX and earn rewards on
Click the blue Buy button, and confirm the token allowance and onchain transaction
Please note: As a liquidity provider in any of GMX’s single-asset or dual-asset GM liquidity pools, you are:
exposed to the price movements of the underlying asset(s)
exposed to trader PnL, as long as the pool isn't precisely 50:50 balanced between Longs:Shorts. Funding rates generally bring the pool back to balanced Open Interest, resulting in only a small (and generally positive) effect on LPs from trader PnL in the long term.
earning fees from market making and trading activity at the pool’s listed rate (estimates are based on the past seven days’ performance). These fees are auto-compounded into the pool, automatically increasing the price of your GM tokens.
To compare the strong performance of the GM pools with other benchmark LP positions, please visit the GMX Dune Dashboard.
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Documentation: https:>//docs.gmx.io/
Disclaimer
This announcement is for informational purposes only and does not constitute legal, financial, or investment advice. GMX or any other parties make no warranties or representations regarding the accuracy, completeness, or suitability of the information presented and will not be liable for any losses, damages, or adverse consequences that may arise in relation to this announcement.
It is strongly advised to undertake your own due diligence and seek advice from relevant professionals before making decisions based on this announcement.