GMX is now live on Avalanche!
Details of the second blockchain deployment
Swaps and leverage trading are now live on Avalanche!
To incentivize liquidity, 50,000 esGMX tokens per month will be distributed to GLP holders on Avalanche from Jan 2022 to Mar 2022. This will be updated to 25,000 esGMX per month from Apr 2022 to Dec 2022.
FAQ
To clarify some frequently asked questions:
GMX staked on Arbitrum will receive fees from both Avalanche and Arbitrum
Bridging of GMX from Arbitrum to Avalanche is not live yet, but will be available in the coming weeks together with GMX-AVAX liquidity on Avalanche
GMX staked on Arbitrum will receive rewards as ETH, while GMX staked on Avalanche will receive rewards as AVAX
If you unstake GMX to bridge it to Avalanche, you will lose multiplier points. We might support bridging multiplier points later on, but it will take some time to implement
GLP on Avalanche is a separate token from the GLP on Arbitrum; the price and rewards will differ between the two networks
If you received esGMX rewards from GLP, you would need GLP on the chain you received the rewards from to vest the esGMX into GMX
Vesting for Avalanche is not yet available, but will be available in the coming weeks
For more information: https://gmxio.gitbook.io/gmx/
To check out the Avalanche integration: https://app.gmx.io/#/trade
Connect with us
Website: https://gmx.io/
Twitter: https://twitter.com/GMX_IO
Telegram: https://t.me/GMX_IO
Announcements: https://t.me/GMX_Announcements
Discord: https://discord.gg/H5PeQru3Aa
Github: https://github.com/gmx-io
Disclaimer
The information, content, and materials provided here are for general informational purposes only and do not constitute financial or investment advice, nor a legally binding agreement.
Note that discussions and voting involving contributors may occur on GMX DAO social media platforms, but contributors are independent actors, and nothing discussed or proposed should be understood as an obligation for an individual contributor to act.
Please conduct your own research and consult with appropriate professionals before making any decisions based on the information provided on this website.