GMX

GMX

GMX is the governance and revenue-share token for the GMX protocol.

Risk Rating
Best
$32.97
3.75%
Summary
What we like
GMX has strong value accrual mechanisms that benefit from zero slippage spot and decentralized leverage trading.
What we like less
The team is anonymous and still has control over GMX smart contracts through a limited multisig consisting of only three signers
What it means for you
Staking GMX enables you to earn 30% of all fees generated by the platform.

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Information
Blockchain
  • Arbitrum
Key Metrics
  • Market Cap: $314.3M
  • Fully Diluted Valluation: $314.3M
  • FDV / MC: 1
  • Ranking inside Exponential (excluding stables): #46
  • Circulating Supply: 9,533,434
  • Total Supply: 9,533,434
  • Total Supply: 13,250,000
  • Volume (24H): $13.4M
  • ATH: $91.07 (04/18/2023)
  • ATL: $11.53 (06/15/2022)
Risk Assessment
Best
Asset Strength

GMX is a low-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of GMX, a protocol rated as Watch out.

Asset Tokenomics

GMX has a fixed supply. GMX stakers receives 30% of platform fees paid in ETH.

Asset Volatility

GMX is highly correlated to the overall market.

Dependencies

GMX

Things to know about GMX

What is GMX used for?

GMX is the governance and revenue-sharing token. Stakers receive a portion of platform fees in ETH and escrowed GMX (esGMX), as well as multiplier points. Users can vote on protocol parameters around leverage settings, exchange listings, and liquidity mining rewards.

GMX tokenomics

The forecasted max supply of GMX is around 13.25M tokens. Minting beyond the max supply is controlled by a 28-day timelock; this option will only be used if more products are launched or liquidity mining is required. The proposed distribution of the total supply includes 6M tokens for prior token migrations, 2M GMX paired with ETH on Uniswap, 2M reserved for vesting from esGMX, 2M to be managed by the price floor fund, 1M for marketing, partnerships and community developers, and 250K tokens distributed to the team (vesting linearly over two years).

How does GMX accrue value?

GMX collects 30% of all platform fees and distributes to stakers paid in ETH and esGMX. GMX charges a 0.1% fee for opening and closing positions plus a dynamic borrowing fee based on utilization rates and the underlying asset you choose to profit in. Swap fees are also dynamic and based on whether a swap improves the weights of assets in the GLP (GMX liquidity provider token) pool towards or away from the target allocations. Minting and redeeming of GLP similarly incurs a dynamic fee based on whether the selected asset is currently over or under-weight.

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GMX Pools
GMX Fee Sharing
4.5%
Yield
$178M
TVL
Risk
B
Protocol
GMX
Chain
Arbitrum

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