Lets LπK at the tokenomics & catalysts of @GMX_IO.
$GMX is low float & generates #RealYield w/fees paid to stakers in $ETH.
Max supply is 13.25M $GMX
Current inflation occurs mostly from:
π«250k $GMX distributed linearly to team over 2yrs
π«750k $esGMX left in 2022
ππ§΅
$GMX is low float & generates #RealYield w/fees paid to stakers in $ETH.
Max supply is 13.25M $GMX
Current inflation occurs mostly from:
π«250k $GMX distributed linearly to team over 2yrs
π«750k $esGMX left in 2022
ππ§΅
Its important to recognize the supply of $GMX is very low. There is a total circulation of:
7,750,104 $GMX & 2,187,232 $esGMX = 9,937,336
This means, only 3.3M $GMX are left to POTENTIALLY enter circulation (24.9%). I say potentially bc most (only 37k) $esGMX is not vested.
π
7,750,104 $GMX & 2,187,232 $esGMX = 9,937,336
This means, only 3.3M $GMX are left to POTENTIALLY enter circulation (24.9%). I say potentially bc most (only 37k) $esGMX is not vested.
π
The $esGMX emissions schedule was revised to permit dynamic APR to $GLP w/a target APR of 35% for June 2022 & 25% starting August 2022.
Only 750k $esGMX remain for distribution: 400k to $GMX & 300k to $GLP (#Arbi & $AVAX).
Notably, $esGMX β¬οΈ sharply in Sept 2022 for $GMX.
π
Only 750k $esGMX remain for distribution: 400k to $GMX & 300k to $GLP (#Arbi & $AVAX).
Notably, $esGMX β¬οΈ sharply in Sept 2022 for $GMX.
π
A total of 86% of the $GMX supply is currently staked & earning #RealYield on @GMX_IO.
A look at @nansen_ai shows that most $GMX hodlers have owned $GMX for >90 days (low turnover).
Even examining long term token holder balances, a clear trend to hodling is noted.
π
A look at @nansen_ai shows that most $GMX hodlers have owned $GMX for >90 days (low turnover).
Even examining long term token holder balances, a clear trend to hodling is noted.
π
Hodling of $GMX is encouraged by the concept of Multiplier Points. The longer you are staked, the more MPs you earn at 100% APR. MP's β¬οΈ the amount of protocol fees π° that stakers earn in $ETH.
In the future, MP APR may β¬οΈ...as such, stakers are incentivized to hodl.
π
In the future, MP APR may β¬οΈ...as such, stakers are incentivized to hodl.
π
The amount of $GMX is dwindling on DEXs. Only 393k liquidity exists on @uniswap. Outflow has β¬οΈ in recent weeks as long term holders like @CryptoHayes continue to add to large investments in @GMX_IO.
@nansen_ai also notes an β¬οΈ in the amount of smart money holdings of $GMX.
π
@nansen_ai also notes an β¬οΈ in the amount of smart money holdings of $GMX.
π
I believe that $GMX has 4 near term catalysts that are bullish for continued accumulation & appreciation:
1β£ Transition to synthetics in 2 weeks - this means you can trade equities, commodities, FOREX & crypto (great thread on this from @cryp_growth:
π
1β£ Transition to synthetics in 2 weeks - this means you can trade equities, commodities, FOREX & crypto (great thread on this from @cryp_growth:
https://twitter.com/cryp_growth/status/1544980188580270080?s=20&t=nuoXo8ZbaoXtiATU01vJtg)
π
2β£ @UmamiFinance's 20% APR $USDC vault launches soon ontop of $GLP to β¬οΈ TVL for greater OI & support of a planned 50x leverage increase
3β£ X4 is expected to launch in 2-3months
4β£ Expected β¬οΈ $ETH-maxi volume from @dYdX betrayal
π
3β£ X4 is expected to launch in 2-3months
4β£ Expected β¬οΈ $ETH-maxi volume from @dYdX betrayal
π
TLDR: I am π on @GMX_IO because The House usually wins. Owning a piece of the $GMX platform is like ownership in a casino.
Low fees & fast txns on #Arbitrum will continue to help grow swap volume, MEV revenue & OI generated fees for $GMX/ $GLP. π€π«
Low fees & fast txns on #Arbitrum will continue to help grow swap volume, MEV revenue & OI generated fees for $GMX/ $GLP. π€π«
Disclaimer: I am a long term staker of $GMX. I believe that @GMX_IO will outperform in the near & long term.
As always, DYOR & dont trust an anon. Opinions are my own & this is NFA. I do have a referral link & I do not receive compensation in any form for my research or posts.π
As always, DYOR & dont trust an anon. Opinions are my own & this is NFA. I do have a referral link & I do not receive compensation in any form for my research or posts.π
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