GMX, a prominent player in the decentralized finance sector, has recently broadened its offerings with the introduction of a new BNB GM Market. This development allows users to provide liquidity and trade BNB through GMX's platform. According to information available on GMX's official social media, liquidity providers for the BNB GM Market will be eligible for a share of 100k in S.T.I.P Arb rewards over the program's duration.
Weekly Rewards and Analytics Update
GMX has made all fee data accessible via their dashboard, with detailed statistics available for both V1 and V2 data on Dune Analytics. Those interested in annual percentage returns (APRs) can find the relevant information on GMX's earn page. The company has also confirmed that incentives for week 11 have been distributed, marking the beginning of week 12's incentive program.
Incentives and Fee Rebates
In a move to encourage trading activity, GMX has announced reduced trading fees, now approximately 0.015%, for all traders participating in the incentive program. Additionally, GMX has noted that the popular GMX Grants Program is no longer accepting new applications. As part of their S.T.I.P. incentives, GMX has extended its campaign until the end of March following a decision by Arbitrum to continue their Short-Term Incentive Program. Furthermore, incentives for migrating GLP to GM liquidity are available until January 30th, with users also eligible for fee rebates when manually redeeming GLP.
Social Media Buzz
The latest updates and developments from GMX have been actively shared across social media platforms. Interested parties can follow real-time updates on various Twitter accounts linked to GMX activities, including GMX_IO, SolvProtocol, steadefi, 0xrelied, and SniperMonke01. These accounts provide insights into user experiences and additional information regarding the ongoing incentives and rewards programs.