Thread by @0x_dav

1. My first thread is about the team I am most excited about: $GMX. Uniqueness and potential is INSANE!

GMX is a combination of a DEX (like $UNI or $SUSHI) and a PERP (like $DYDX or $PERP). Wondering how this is possible? Thread below:

#innovation #capitalefficiency #gmx

2. In TradFi and mostly in Defi, liquidity is provided via pairs, e.g. ETH-USDC. This pair would give circa 15% annual return (excluding Impermanent Loss).

$GMX is the first of its kind to invent a new type of LP (Liquidity Provider) called GLP.

#GLP #GMX #innovation #Crypto

3. GLP is an index tracking the combined price of the underlying crypto holdings. Currently, GLP is formed of $BTC, $ETH, $LINK, $UNI, $USDC and $USDT.
Users can trade the underlying assets in spot or leveraged markets following LINK oracle. This is genious!!

4. Given that capital is used more efficiently in GLP than typical LP (e.g. Uniswap), GMX is able to offer better rates for swaps & leveraged trades while it distributes the earned fees to liquidity providers of GLP.
Plain and simple anon, GLP is a higher product in the LP world

5. Besides $GLP, the GMX team has released their governance token, $GMX. GMX holders receive 30% of the fees generated by the protocol.
The team released their platform in ETH L2 Arbitrum layer which will be a main volume driver in the following months (which gmx will profit)

6. This gives me the vibes of $UNI in 2018 while now all the DEX environment is much more advanced. I expect $GMX to grow massively in the coming months.

This is a generational wealth opportunity, don't miss it out ANON: gmx.io & stats.gmx.io

#WAGMI