Thread by @FactorDAO

📣 Excited to announce an integration and vault collaboration with @GMX_IO.

Factor = the infrastructure and liquidity layer for on-chain asset management!

GMX = a decentralized spot and perpetual exchange supported by a multi asset LP that earns platform fees.

Details 👇

/1

📈 GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.

Trading is supported by a unique multi-asset LP that earns a share of trading fees.

They have blazed a trail for DeFi innovation and real yield on Arbitrum

/2

🏭 Factor offers the building blocks for modular asset management vaults.

We integrate multiple DeFi assets to enable these protocols to optimize their products.

We enable vault creators to utilize these products to create innovative strategies.

The mutual benefits?

/3

🔀 Firstly, integrations:

* Enables Factor strategists to utilize $GLP in strategies
* In due course enables use of GMX perps in strategy creation
* This creates new strategy options on Factor
* And new use cases for GMX products
* TVL and revenue to both Factor and GMX

/4

🏦 Secondly, partner vaults:

* One click access to unique $GLP vaults
* Ability to add $GLP to DEX perps indices
* Potential for GMX v2 and NFT integrations 👀
* Drives additional TVL to GMX via the partner vaults
* Factor and GMX earn vault fees as a revenue stream

/5

🤝 We will begin by integrating $GLP and developing innovative $GLP strategies under the supervision of GMX.

We will then work closely with the GMX contributors over the long term to create new vaults featuring additional products/use cases that GMX will be rolling out.

/6

🧑‍🤝‍🧑 We're integrating with leading protocols to build the infrastructure and liquidity layer for DeFi.

GMX has led innovation and kicked off big interest in Arbitrum DeFi and we are delighted to be working with them.

We're looking forward to growing DeFi together.

/7

🎙️ We will be hosting GMX on #TheKeyFactor on Thursday, 30 March at 17:00 UTC.

If you'd like to learn more about both projects and how we will work together, then make sure to tune in.

Check out our future line up of guests below.

/8

📊 If somehow you're not familiar with GMX and would like to try out their exchange you can do that here: app.gmx.io/#/trade

Or take the time to dive into their docs to learn about how they've revolutionized on-chain perps: gmxio.gitbook.io/gmx/

/9

🧑‍🏫 Learn more about @FactorDAO and $FCTR using the links below:

🌐 Web: factor.fi
📚 Notion: factorlaunch.notion.site/Factor-DAO
📣 Docs: docs.factor.fi
📝 Medium: medium.com/@FactorDAO/
🐦 Twitter: @FactorDAO
👾 Discord: discord.gg/factor

/10