In a recent development within the decentralized finance (DeFi) sector, GMX has been actively engaging the community and rolling out new incentives. According to external sources, GMX is set to collaborate with Chainlink and Umami in a Twitter Space discussion about the evolution of DeFi on the Arbitrum network. The virtual event is scheduled for January 15 at 5 PM UTC, promising to offer insights into the future of trading on the platform.
Extended STIP Incentives
GMX has extended its Arbitrum STIP campaign until the end of March, as reported by external sources. The extension includes various incentives aimed at enhancing user experience and participation. Trading Incentives are now live, offering on-chain trading with fees comparable to VIP tiers on leading centralized exchanges (CEXs), while allowing traders to retain custody of their funds. Additionally, Liquidity Incentives have been introduced to boost the Annual Percentage Rates (APRs) on GM pools of GMX V2 with ARB airdrop rewards. Furthermore, GLP Migration Incentives have been announced to encourage liquidity migration to GM pools, with these incentives being available until January 30. More details on these incentives can be found through their official communication channels.
Growing Trader Base
Another notable milestone for GMX is the surpassing of 500,000 traders on its platform. This achievement highlights the growing adoption and trust in GMX's services within the DeFi community. The information regarding this milestone has been disseminated through GMX's official social media outlets.
Social Media Presence
GMX's active presence on social media platforms such as Twitter continues to keep its users and stakeholders informed about developments and updates. Users can follow a variety of accounts for real-time information about GMX's activities and offerings. Despite some technical issues like disabled JavaScript preventing access to certain content, alternative supported browsers are recommended for uninterrupted access.
As the DeFi landscape continues to evolve, platforms like GMX are striving to innovate and provide valuable services to their users. The extension of incentives and collaborative discussions signal GMX's commitment to growth and adaptation in an ever-changing market.