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David Profile picture
David
@0x_dav
@Arbitrum Foundation || Prev. @NEARFoundation || Own views and NFA
Oct 20, 2021 • 6 tweets • 4 min read
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