How GMX will utilise the 12 million $ARB reward incentives from the Arbitrum Grants Program
GMX’s proposal under the S.T.I.P. program was accepted by the Arbitrum DAO. As a result, 12 million $ARB tokens will be used as incentives to support the joint growth of GMX V2 and the Arbitrum DeFi ecosystem. On Wednesday, 8 November, the incentive program kicks off.
The 12 million allocated ARB tokens will be used towards liquidity and trading incentives over a 12-week period. Of the 12 million, up to 2 million tokens can be used as grant incentives for other developers and protocols that advance Arbitrum’s growth by building on GMX V2.
Distribution of the incentives takes place per week, with each week representing one epoch. At the end of each weekly epoch, users will be airdropped their earned ARB rewards.
Liquidity incentives
The GM Liquidity Incentives are divided into two types:
Incentives for GM Liquidity Providers
Incentives for migrating GLP liquidity to the GM pools
Trading incentives
While trading on GMX, you’ll earn trading fee rebates in ARB tokens. These fee rebates can add up to cover the total cost of GMX’s base trading fees (though never more than that).
Trading incentives will be paid out against all qualified trades during every weekly epoch.
Grant incentives
Three categories of grant incentives are recognised:
Micro Grants, with a budget of up to $10K.
Open Grants, with a budget of up to $100k.
Requests For Proposal; more extensive grants, requested by GMX to address specific needs.
Track the GMX Incentives on Notion
For a complete overview of the GMX S.T.I.P. Incentives program, and details of the first weeks’ incentives, visit the dedicated Notion page here:
This living document tracks how the ARB incentives from the Arbitrum DAO are utilised and distributed over time.
Connect with GMX
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
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.