The trading landscape is buzzing with excitement as the GMX #EIP4844 Trading Competition kicks off, promising participants a chance to win a portion of the substantial 280,000 ARB prize pot, an equivalent of approximately $550,000. The competition is set to invigorate the trading community as it requires no formal sign-up; all trades executed on GMX V2 on Arbitrum within the contest period are eligible.
Automatic Qualification and Dual Winning Criteria
Traders looking to participate can simply engage in either long or short positions on any tokens available on GMX V2. By automatically qualifying through their trading activity during the competition window, participants are entered into a race for the top spots on the dApp's newly introduced Leaderboard. The competition is structured with two distinct categories for victory: achieving the highest percentage in return on investment (% ROI) or securing the largest notional profit.
How to Join the Fierce Competition
For those eager to throw their hats in the ring, an official announcement and additional details about the competition can be found via a link provided by GMX on X Corp's platform. The specifics of the over $500,000 USD prize pot and contest regulations are outlined in a document accessible through GMX's Substack page. Moreover, potential competitors and spectators alike can view rankings and progress on the new GMX leaderboard by visiting their competitions page.
Expanding Markets and Trading Opportunities
In related news, GMX has also expanded its market offerings. Optimism (OP) has been incorporated into the Arbitrum GM Markets, allowing for fresh liquidity provisions and trading opportunities. This move signifies GMX's commitment to enhancing its platform and catering to a broader range of trading preferences.
Support for Participants
Traders who may need assistance in navigating the platform or initiating trades can refer to a comprehensive guide provided by GMX. The guide is designed to facilitate users' trading experience on GMX V2. As the competition heats up and traders vie for top honors, the market watches with anticipation to see who will emerge victorious in this high-stakes trading event.