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Have you ever heard about Forward DeFi Protocol ?

Perpetuals-Focused Decentralized Exchange GMX Surpasses Uniswap in Daily Fees Earned

r/BitcoinSee Post

Satoshi P2P Wagner Post

r/CryptoMoonShotsSee Post

Metavault trade: gmx fork with 100x potential

r/CryptoCurrencySee Post

L1 coins - a race to the bottom? Explain to me why I am wrong.

r/CryptoCurrencySee Post

There already some 100x here and there.

r/CryptoCurrencySee Post

Deep Dive into GMX: In the wake of FTX's spectacular collapse, I look at this decentralized alternative that has generated $5 million of fees this past week alone!

r/CryptoCurrencySee Post

Why I am strongly against crypto regulation.

r/CryptoCurrencySee Post

What you need to know to make it and dont learn on this subreddit.

r/CryptoCurrencySee Post

UNI vs AAVE vs GMX

r/CryptoCurrencySee Post

When a big tree falls in the forest…

r/CryptoCurrencySee Post

Our "meme" one-liners exist for a reason, stop thinking you're over that if you're a newbie

r/CryptoCurrencySee Post

Decentralized trading platform GMX launches $4 million in trading rewards for liquidity pools and perpetual trading

r/CryptoMarketsSee Post

GMX, a leading perpetuals DEX, launches a $4 million rewards program for traders

GMX, a perpetuals DEX with deep liquidity, near-instant settlement, is providing $4 million in trading rewards

r/CryptoCurrencySee Post

TVL update: Mass capital leaving Solana/Avalanche for Ethereum and L2s.

r/CryptoCurrencySee Post

[Serious] What are the best quality yield-bearing projects?

r/CryptoCurrencySee Post

Best altcoins to accumulate in this bear

r/CryptoMoonShotsSee Post

GMD - Building delta-neutral single side vaults on GMX with Real Yield - $400k marketcap on Arbitrum

r/CryptoMoonShotsSee Post

DXP - Upcoming Project riding the Perp Dex narrative (>$3mil mc GMX competitor)

r/CryptoMoonShotsSee Post

DXP - An upcoming leverage trading platform launching on Arbitrum.

r/CryptoCurrencySee Post

No horse is safe

r/CryptoCurrencySee Post

Traditional companies are valued based on revenue. Do you know how much fees your favorite protocol or chain generates?

r/CryptoCurrencySee Post

CFTC drama: Agency has charged a DeFi project for offering Decentralized Perps/Futures, says it is illegal to offer DeFi perps. They have charged all token holders. Meanwhile one of CFTC's own Commissioner has already dissented

r/CryptoCurrencySee Post

NFT Marketplace OpenSea to Integrate Ethereum Scaling Solution Arbitrum

r/CryptoCurrencySee Post

DeFi Trader Nets Over $500K by Using DEX GMX to Manipulate Avalanche Token

r/CryptoCurrencySee Post

GMX DEX Falls Victim to $400k Price Manipulation That Made Use of its No Slippage Feature

r/CryptoCurrencySee Post

Gmx suffers 565k price manipulation

r/CryptoCurrencySee Post

DeFi Trader Nets Over $500K by Using DEX GMX to Manipulate Avalanche Token

r/CryptoCurrencySee Post

GMX Plummets 20% on Worries of Price Manipulation of AVAX/USD on Reference Exchanges

r/SatoshiStreetBetsSee Post

Decentralized exchange GMX suffers $565K price manipulation 'exploit'

r/CryptoCurrencySee Post

Decentralized exchange GMX suffers $565K price manipulation 'exploit'

r/CryptoCurrencySee Post

GMX Allegedly Exploited For Over $565,000 On Avalanche (AVAX)

r/CryptoCurrencySee Post

GMX DEX Reportedly Suffers $565,000 Exploit - BeInCrypto

r/BitcoinSee Post

Why did Satoshi use GMX?

r/CryptoCurrencySee Post

Play at the casino that regulates it's own slots - you get burnt

r/CryptoMarketsSee Post

Trade SpaceX, Opensea, Metamask with DeFi ?

r/CryptoCurrencySee Post

Trade synthetic SpaceX, Opensea and Metamask with DeFi?

r/CryptoCurrencySee Post

Moons

r/CryptoCurrencySee Post

Stopping by to say hi 🤘🏽(moons)

r/CryptoCurrencySee Post

Arbitrum could airdrop a token to its users, just like Optimism did! Here is how you can position yourself and become eligible

r/CryptoCurrencySee Post

What impact do derivatives have on the overall market?

r/CryptoCurrencySee Post

Finding Truly Valuable Protocols: It’s All About Revenues and Cashflows

r/CryptoCurrencySee Post

Trading tips for beginners?

r/CryptoCurrencySee Post

Decentralized Alternatives to Centralized Exchange Trading, Lending, Staking & More

r/CryptoCurrencySee Post

Decentralized Alternatives to Centralized Exchange Trading, Lending, Staking & More

r/CryptoCurrencySee Post

Tax and locked or vested crypto tokens

r/CryptoCurrencySee Post

A Coherent investment thesis looking forward to "bear market" and ETH merge

r/CryptoCurrencySee Post

Can you suggest a DEX token to invest?

r/CryptoCurrencySee Post

What do you think about my portfolio and strategy?

r/CryptoMoonShotsSee Post

Gains Network, possibly the best Decentralized Leverage platform, direct competition to dYdX, PERP and GMX

r/CryptoCurrencySee Post

Craig S Wright's email to Dave Kleiman is provably false

r/CryptoCurrencySee Post

Craig S Wright's email to Dave Kleiman is provably false

r/CryptoCurrencySee Post

GMX: The Trading Platform of the People, by the People, for the People - by Vikram Arun from Blocktower Capital

r/CryptoCurrencySee Post

Look at what open platforms have achieved in just a few months vs single app L2s

Mentions

One can earn interest on defi loans (AAvee, rocketpool, etc.). So staking on CEX is not necessary. Also the staked crypto can be hedged with perpetuals\* so the investment is not exposed to wild fluctuation. Of course, this is not entirely passive income. But one doesn't have to be exposed to wild fluctuations or mismanaged CEXs. \*perpetuals trade on dydx or GMX and these are not CEXs

Mentions:#CEX#GMX

Since the downfall of FTX, derivatives projects like GMX, DYDX, INJ and PERP have all seen volume almost double. I think the being able to trade while still controlling your keys is gonna be very attractive to a lot of people. INJ has the best tokenomics imo. DYDX is going to almost double in circulating supply in Feb and GMX has a very high FDV. Also, I really like how active and productive the INJ team is.

There is a lot of talk about GMX atm

Mentions:#GMX

I haven't heard of this DEX before. Maybe I'll check it out. TLDR: *Decentralized exchange GMX has evolved as a serious competitor to established industry players like Uniswap in the wake of FTX's collapse.* *On Monday, GMX earned $1.15 million in trading fees, surpassing Uniswap's $1.06 million for the first time on record, according to data tracked by Delphi Digital.*

Mentions:#DEX#GMX#FTX

I am focused on real yield projects, the success of GMX and GNS has made me bullish on the ecosystem. Keeping an eye on Spool as the next big deal over there.

Mentions:#GMX#GNS

I think in the DEX coin GMX is real one that have my eyes.

Mentions:#DEX#GMX

what dex perp projects you guys looking at? GMX,GNS are killing it as of late I bought a microcap one.

Mentions:#GMX#GNS

GMX is pretty solid choice, even i am adding that in my list.

Mentions:#GMX

DEX coins like GNS and GMX?

Mentions:#DEX#GNS#GMX

no idea why people are linking the most absolute terrible competitors Arbitrum- GMX- Cap Polygon- Gains trade Optimism- UniDex

Mentions:#GMX

GMX is a good option

Mentions:#GMX

GMX, GNS are the only real competitors

Mentions:#GMX#GNS

As much as I like cosmos I don't think many people will go that route. Big money will stay in centralized exchanges due to liquidity. If anything sees a good amount of new volume I would put my money on decentralized derivatives like INJ, GMX and DYDX.

Mentions:#INJ#GMX#DYDX

Loading up on: \- OMI \- GMX \- UNI

Mentions:#OMI#GMX#UNI

Ocean, data economy is a go Atom, interoperability but considering pausing with the whole 2.0 hullabaloo GMX, dex perp trading METIS OP, L2s will have a great run e-Money, stablecoins that are actually are bullish

Mentions:#GMX#METIS#OP

Polygon and GMX

Mentions:#GMX

Trust wallet token did well. GMX too

Mentions:#GMX

I've been buying avax. It's less appealing now that Eth fees are manageable in a bear, but ETH's fee problem still remains if/when we go back up. L2's still had higher fees than Avax at points last year and they weren't that popular yet. I usually swap my avax in to GMX though and collect those sweet trading fees while we crab. Arbritrum's growth could be the alt-l1 trade killer though.

Mentions:#ETH#GMX

tldr; GMX is preparing to celebrate its one-year anniversary on the Avalanche network. Four million worth of AVAX will be allocated over a multi-month time period to support GMX from Avalanches’s liquidity mining incentive program, Avalanche Rush. Binance published a new page titled “Proof of Assets” on which all details are available of its on-chain activity. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Do you think I am FUD'ing GMX? Why would you think that? Are you a bot?

Mentions:#FUD#GMX

GMX runs on a L1 mang if you don’t understand the value, then you don’t understand the value. GMX is also the shit without lower tx cost you don’t have a gmx nor would gmx be able to charge the fee structure they do.

Mentions:#GMX

I haven't seen anyone say GMX is great. It was a sensible buy 6 months ago.

Mentions:#GMX

Exactly, so if 5 different people in 2 days say that GMX is great, maybe it’s a bad sign. Always do the opposite of this sub lol

Mentions:#GMX

I keep seeing GMX mentioned here these days when in never heard of it before that, that’s a sell signal

Mentions:#GMX

Considering I have a lot of those (except ADA), I believe the rest of my bags will fly highest too: SCRT, OCEAN, GMX, METIS.

The best option is, buy cols storage, I will suggest safepal, move your assets and take 100% responsibility of your funds, leave a part of your daily trading funds on exchange, in fact, you can use perpetual dex instead of CEX, the likes of DYDX, Takepile & GMX are better options.

Mentions:#CEX#DYDX#GMX

Gud arbi bags = GMX, PLS, DPX, Vesta Tokenless protocols you should give a spin - shell, timeless, Vovo

Mentions:#GMX#PLS#DPX

“Not Your Keys, Not Your Funds” always remember that. For passive investment you can always store your Bitcoin in your private wallet and use Perp Dex like GMX or TakePile for leverage trading. They also offer RealYield passive income system.

Mentions:#GMX

PancakeSwap and QuickSwap are one of the ones I know and I never had any problems with. Also GMX is good.

Mentions:#GMX

Buying GMX, GNS and Unidex. All dex perp plays and all pay revenue earned from the dex exchange in the form of ETH, DAI or USDC. This is sustainable business unlike 99% of crypto ponzi and GMX just showed that the potential is through the roof as they distributed close to $2M to token holders last week from the fees earned due to the extreme market volatility. CEX perps do 100B daily in volume. DEX perps do maybe 1% of that. CEX perps have been growing and over the next 5 years that 100B daily could 10x. DEX will become easier to use, users will want to hold their own keys so marketshare should increase from 1% to say 5%, 10% Potential for 100x volume growth across DEX perps. I want to sell shovels during the gold rush and these tokens are a perfect way to do so.

**Top gainers in the last 7 days (from top 100 coins):** 1. Trust Wallet (+89%) 2. Chiliz (+18.4%) 3. GMX (+17.1%) 4. Chain (16.3%) 5. The Open Network (+13.4%) 6. LEO Token (+4.9%) 7. Lido DAO (+4.6%) 8. Litecoin (+4.1%) 9. Uniswap (+2.8%) 10. Bitcoin Cash (+1.9%)

Mentions:#GMX#LEO#DAO

Yeah I tend to go against the mood on here If it’s getting shilled a lot then it’s usually too late but GMX does seem to have potential

Mentions:#GMX

Second post about GMX today already. Shills detected.

Mentions:#GMX

All these GMX shills are making me nervous about GMX.

Mentions:#GMX

tldr; GMX is a decentralized perpetual exchange running on both Avalanche and Arbitrum. GMX generates fees from users who swap on the platform, get liquidated, or margin trade. Fees also come from the burning and minting of GLP, the platform's counter party token. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#GMX#DYOR

If CeX are getting regulated (which they should in my opinion), DeX coins are going to be a great investment for the next bull. Coins like Sushi, uni, GMX and new Dexes are going to give a good return looking at the high rate of increase in DeX volumes. More people using DeXes is actually better for the entire crypto economy.

Mentions:#GMX

Tldr - "First off, I would like to disclose that I have a vested interest in the success of GMX (www.gmx.io) as I hold both the GMX and GLP token."

Mentions:#GMX

Yeah true. But having said that the article clearly is looking at defi platforms rather than projects. Id put it down to using the wrong term rather than lying. They call themselves a technical analyst... Not a journalist :p and I believe them. Ps that link of yours I go to myself now and then too but some of the data just doesnt make sense. GMX says its majority of use is on Arbitrum but Arbitrum ranks lower than it somehow. There are a few other inconsistencies too :/ still good project....

Mentions:#GMX

Some tokens entitle you to a share of the proceeds, e.g. trading fees generated by GMX - not quite the same but closer to a dividend giving stock

Mentions:#GMX

Well speaking of facts at the moment I think the chances of getting your funds back is just 5% out of 100%. I will advise you get your remaining funds on any CEX out and keep them in your private wallet. There are lots of reputable #PerpDexes that offer Passive investment like you mentioned. GMX, TakePile, dYdX and other reputable protocols.

Mentions:#CEX#GMX

My current portfolio looks like this: 25% BTC, 50% ETH, 15% MATIC, the rest is various smaller projects like GNS, GMX and RPL What do you think? Anything you would change? (considering I'm rather risk averse)

You seems more experienced in Defi than me. May I ask a question? What do you think of GMX? Is it reliable enough? Because I am plannng to put some parts of my saving in its GLP index.

Mentions:#GMX

Can you say GMX is less decentralized than those CEXs?

Mentions:#GMX

I want to cash out all of half of my BTC and ETH and then buy back GLP (from GMX protocol) that holds the same amount of BTC and ETH I'm selling. Is it a bad idea or good idea?

Mentions:#BTC#ETH#GMX

That’s a whole lot and I wouldn’t just put it in any Coin right now due to the high volatility in the market. If you are looking to DCA into Bitcoin or any Altcoin it’ll be advisable to go into RealYield earning system. This will enable you maintain your capital in a good I believe capital preservation should be your focus in this current market trend. My top platform for yield earning are currently are: Binance, TakePile, Pancakeswap and GMX.

Mentions:#GMX

25% stablecoins (for future DCA), 25% BTC, 25% ETH, 25% Alts: MATIC, OCEAN, GMX, NGM, CHZ (World Cup around the corner).

You have to prioritize privacy as a DEX will prioritize trading. If you (atomic) swap from anything into XMR, and back, your coins are now private. There's also Aztec and Zkmoney on Ethereum that shields your history using ZK (might be beta still) afterwards you can take your private ETH to any of its DEXs. If you want control in the market you have Aave, Compound, and MakerDAO, that enables you to essentially hedge yourself from any risk or go long/short on any asset. If you want a basic CEX replacement I'd recommend GMX on Arbitrum (and the hop.exchange or orbiter.finance bridge to get there) for leverage and perpetuals, and DopeX for options trading and synthetics. If you only need to swap one token for another there's the Uniswap and Sushiswap AMM's. GMX is my favourite because it's absolutely polished. Allows me to set 30x leverage and a stop loss $0.01 from the market price for around 5c in gas in 3 seconds of time, which is my favourite way to trade lately. They pull market prices by averaging every Oracle, then process transactions via timestamps to disable frontrunning. No DEX will have KYC. If you see that, it's a scam, because you can interact with a DEX via code at the blockchain level (so will exist another frontend without KYC). My cold storage is an old computer that I've disconnected from the internet on an Exodus wallet, backed up on an old mobile also disconnected from the internet. I use Zerion on my phone and MetaMask on my computer, but likely to add Zerion to my computer as they've been killing it in features lately, both tied to a physical wallet so I have to click a real button any time I sign my transactions.

All $100k into GLP on GMX.io. it's 50% stable coins and other half basket of crypto. Also earns good APR.

Mentions:#GMX

DeFi is going to be my play this bearmarket. Maker, Aave, Curve. GMX might be worth checking out. Not too sure about Uniswap. Fees might still be a problem next bullrun. Compound fell out of favor thanks to the CEO, it might make a return, you never know.

Mentions:#GMX

Let me introduce to you - $GMX Youre welcome

Mentions:#GMX

What is the specific reason as to why $SNX hasn’t received the same influx of users post-FTX debacle like $DYDX, $GMX, and $GNS?

Matic, ADA, dot, ATOM, MKR, GMX Look into these

I’m in a similar boat as your experience, as I was just learning defi last year too and have really spent a ton of time researching since I started, learned a lot from my mistakes too. I’m currently debating whether it makes sense to mostly dca into the BTC/ETH or avg down on certain L1 alts like AVAX/FTM/pick your poison, or to spend some investing at the protocol layer, think AAVE, UNI, GMX etc..

GMX has limit orders

Mentions:#GMX

> How do I make sure it’s legit? Buy directly from their site. Two main ones are [ledger](https://ledger.com) and [trezor](trezor.io). Which i've provided links for. Check the sites on trustpilot rather than trusting me. > Can I use a completely original key phrase, like the lyrics from a song, or sentence from a book, or am I limited to a selection of pseudo random words on the device? lyrics from a song would be a bad idea but you can construct your own yes but I'm going to say this is perhaps for someone advanced rather than a newbie. > Once I get it off the exchange and onto said device how do I send/receive without exposing my keys? You connect your hardware wallet and verify the transaction on the device, it will show the amount, what crypto you're sending and the destination. Always read the details on the device itself. > If centralized exchanges are all potentially going to trap my funds is it possible to completely self custody and transact decentralized avoiding middlemen? Yes > How do transaction fees compare between centralized exchange traded and decentralized? Depends on the blockchain you're using but the fees on GMX, GNS for example are very competitive. If however you're using Ethereum smartcontracts to swap then the fees can get high there. > What are the obvious risks of self custody? Doing something silly like not writing down your seed or storing your seed in a place where people will find it. Also please don't buy it from ebay. Buy directly and send it to an address which WONT be the destination in which it is stored. Also use a temporary email. These hardware wallet companies don't need to know your real name or email which is probably tied with a lot of other accounts. > What are the hidden risks? The risks are that you need to be sensible and store your hardware wallet and seed in a secure place. If you intend to interact with defi smart contracts then you need to understand the risks around that. You also need to understand that the seed IS YOUR CRYPTO don't EVER input it into any software asking for it.

Mentions:#GMX#GNS#EVER

The market cap of Greggs, a shitty bakery chain in the UK, is $2.7 billion. Uniswap, a probable cornerstone of global blockchain finance is $4 billion. Sushiswap, their multi-chain compatible competitor is $227 million. GMX, a decentralised futures exchange is $318 million. Chainlink, an oracle system that ties the clockwork of all decentralised finance together is $3 billion. Looking at stuff like the SUSHI chart, I note that despite all of the absolute fuckery that we have seen in the past week, it hasn't even put in a new low. I'm calling this the **DEEP FUCKING VALUE** zone. We're already here. A 60% drop that many are calling for seems unlikely at least for those cryptos that have revenue and actual use. The dip may come true for some of the less used crypto platforms, but I am completely sure that all of the above should be worth vastly more than Greggs fucking bakery. I feel pretty fucking confident than anybody buying for the long term here is going to be doing well in 10 years.

Uniswap and 1inch *don’t* GMX and DYDX *do*

Mentions:#GMX#DYDX

Uniswap and 1inch for swaps. For leveraged trading, GMX and DYDX

Mentions:#GMX#DYDX

The only problem I always saw with defi exchanges is the low liquidity + fees being pretty high. That would worry me executing larger trades and also cost me more. Most exchanges maker fee is nearly half of what it is for example on GMX. After some time that really stacks up to a sum. Additionally, I get some of the fees I pay back as reward from dex while on GMX it entirely goes into the coin holder. It just doesn’t feel like it’s worth it to do for now. Hopefully in the future for a more decentralized way to trade.

Mentions:#GMX

Avoid any Centralized based protocols for the time being. I will advise moving your funds to a non-custodial wallet where you’ll have full control over your funds. Also for futures, there are reputable Perp Dexes like GMX, TakePile or dYdX to use for all your leverage trading.

Mentions:#GMX

Arbitrum, I guess. Who uses it to pay for Ethereum's security model. If you borrow on leverage you'd pay 0.001%/hr to GMX token holders. Didn't read as far as you want BTC lol, my bad.. No trustless DEX for Bitcoin unfortunately, by its own design. I recommend finding a local to buy from on Localbitcoin before they close down, then atomic swap (P2P) for something easier to trade afterwards. I'm surprised no DEXes have come out of LN tbh, large hubs are perfect for one.

GMX? Or any DEX on an L2.. 20-30 trades shouldn't cost more than $1

Mentions:#GMX#DEX

You're Canadian? I'd recommend Newton, they pay up to $5 toward blockchain fees *per withdraw* - have no trading fees - and a ~0.05% spread. Their etransfer setup is pretty quick too. Regulated, and working with the OSC, to remain compliant. They don't do or take loans, they only facilitate trades, so funds *should be* safe. For trading or leverage I'd recommend GMX (DEX), to retain custody along the way. It's on Arbitrum, but you can withdraw to Arbitrum(ETH L2) from Newton - fees are around $0.05 - up to 30x leverage (careful) - stop losses, shorts, all normal trading features. Trades execute every second and they use timestamps to prevent shenanigans. Their site has a very slick UX, and I can't recommend them enough. I've been able to completely stop using CEXs because of GMX. Other than using them for a fiat on/off ramp, which imo is all an exchange should be.

Mentions:#GMX#DEX#ETH

Try a dex like GMX

Mentions:#GMX

Look into the tokenomics of whatever you're staking. $Cake is massively inflationary, which is how they're able to pay out a massive APR - but when everyone gets 'paid' they sell so the price is forever in a downward spiral, which you have to subtract from the nominal APR to reveal the real APR. GMX is my favourite DEX right now. It's on Arbitrum so fees are only a few cents. You can use Orbiter.finance to bridge to and from Arbitrum for a few cents too, and to avoid Arbitrum's *optimistic* (rollup) 7day withdraw period. (You can use chainlist.xyz to add Arbitrum to your wallet if you need to.) GMX has phenomenal growth (TVL) and an absolutely brilliant UX. Their GMX token, when staked, gets converted into liquidity for all coins so you earn LP rewards from every trade, not just one token's trades. Their DEX runs on timestamps, and trades execute every 1-2 seconds, so no shady business. GMX will be the first entry to Arbitrum Odyssey, an event Arb is running, *when* they get around to it, which will bring even more liquidity and traders in. You can up to 30x leverage, set stop losses, and short or long trade on GMX. It's a good entry point if you're trying to get away from CEXs imo, as they're very similiar. GMX has been a very good speculative play for me too, it's already 2x since I bought a few months ago. *Way* more profit than I received by staking, but the staking rewards have still been killer. It functions as a CEX replacement so I expect it to really grow over time, considering just how shady these centralized exchanges all are. It's worth checking out!

Mentions:#GMX#DEX#CEX

I've seen some platforms like GMX, MVX, ZKEX that are trying to build CEX trading features on a DEX. They allow you to trade your funds while still keeping custody. I expect that they'll become more popular going forward.

I know GMX and Kuji rewards are based on revenue/fees while majority of other dex tokens are just used for farming. But even then, if there’s no users on the platform then staking GMX/Kuji isn’t worth it.

Mentions:#GMX

Don't the likes of GNS and GMX pay out mostly in other coins?

Mentions:#GNS#GMX

Some coins on my list that were the least affected % wise: BNB, AZERO, GMX

Use a better exchange if fees are eating too much into it. CDC has the highest fees of any exchange, and highest spread too I believe, second is Coinbase. Binance has 0% spread or fees on BTC and I think for ETH too, and low fees for everything else - pretty sure you can buy BTC to trade to other things for free. My exchange (Newton) offers a ~0.05% spread and no fees, then covers $5 per each withdraw. I withdraw to use a DEX (GMX) where each of my trades is around $0.05 - since I really don't like not having self custody. For every $100 I buy I end up with maybe $99.90, compared to Coinbase's *$4* fee and $2 spread. I mean, it really is worth shopping around. There are sites that compare fees across all exchanges. But make sure to verify the spread too, that's usually where they get you. Like for every $100 of BTC how much can you buy/sell.. Some exchanges you'll only get $96 of BTC for $100, then you'll sell it back for $92 so immediately lose 8% by changing your mind, vs losing 5c someplace else. Most people don't notice $1-2 but by looking at it as a percentage is very smart. It definitely adds up, *especially* if you expect crypto to rally in the future then being down 5-20% really is a lot.

Actually I do have exposure to BTC, in wrapped form on GMX. The yields are too good to pass up.

Mentions:#BTC#GMX

GMX is an extremely smooth dApp, I love it. I've been investing in it too. Very natural growth, immense TVL, and they're far in profit. The team behind it are very smart and the backend tech is as polished as their frontend.. It's Arbitrum's best app. Arbitrum is running an event - eventually - Arbitrum Odyssey, where you do tasks for NFTs, and the first week that goes live Arb is getting everyone try GMX for that week's NFTs. I seen a couple comments in this thread that don't know the beauty that is GMX - validation I'm still early. It's a great DEX, try it out if you haven't before. I think RPL has a good shot personally. Very sustainable tokenomics. To validate on Ethereum you need 32 ETH, **or** you can create a 'mini pool' on Rocketpool for 16 ETH - using 1.6 RPL as collateral for in case you're slashed then 16 other ETH from a 'rETH' pool.. Then regular people can buy 'rETH', a liquid staked ETH derivitive *that bears interest* in any denomination, and they don't have to worry about slashing because it's backed by RPL. Rocketpool is developing on making *8 ETH* mini pools, with plans on reducing that down to 4 ETH later on and maybe even 1-2 if possible, down from 32 regularly or 16 using Rocketpool today. The incentives to run a 'Minipool' are that smaller fish can run their own validators, allowing even smaller fish to hold staking derivites and earn yield on their $50 of ETH. But my thesis is based on those with <32 ETH already - instead of running 1 validator they're now able to run 2 - maybe up to 16 validators in the future, using the same amount of ETH. To those would-be solo validators, they're able to earn greater yield in Rocketpool using the RETH pool to make up multiple validators than going solo, mostly because of RPL's own token incentives. If you're to run 2 mini pools, (16+16) instead of 1 solo pool you're required to put up 1.6+1.6 RPL as collateral, and if you ran 4 mini pools you'd need twice as much collateral than that. This gives RPL demand, since it's the only way to 'leverage your validator yield' which tbh sounds exactly like something people would do. When most validators locked up, Rocketpool wasn't available. No decentralized staking was at all, actually. Rocketpool is completely decentralized, and even uses the same ETH clients to validate allowing for ease of migration. When unstaking is enabled, probably in the Spring/Summer, I expect a lot more people will use Rocketpool than today, assuming people do care about decentralization. Rocketpool did an interview on Bankless before and threw out the most wild numbers - but I double checked the math after and it backs up. Even if 1/10th of *their* thesis comes true it should be a very strong token next bull market. Their whitepaper is very good also, explains it a lot more clearly than I just did. Aside from that L2's themselves are profit machines. Their security costs are >1/100 of an L1 yet they process practically 100x as much activity. In other words they aren't inflationary. Arbitrum individually has more activity than Solana now, so does Optimism iirc. Each are only just coming out with their tokens *now* so there should be lots of opportunities to get in on distribution (such as Arbitrum Odyssey, Optimism Quest, Zksync validation, etc.) otherwise it may be a good opportunity to DCA (to mitigate from the initial inflation, speculative dumps, etc.). These are the next cycle's *L1-killers* imo. Zksync wants to be maximally decentralized, their token will likely act the same as ETH, whereas I believe the Optimism token is used for governance (to decide where the all the profit goes), so each are different and require their own research. No cost + high profit - if they can't make *that* work there's no hope looking at fundamentals anywhere lol.

The yield on sJOE is only about 4 or 5%. GMX is 6 or 7%.

Mentions:#GMX

Since you don't have access to ID verification, I think using DEX will be a good option, you can try Dex like GMX or Takepile, these are the Dexs I use abroad.

Mentions:#DEX#GMX

DEX’es are imo one of the best plays next bullrun, INJ(Injective Protocol) and GMX having the biggest potential imo

Mentions:#DEX#INJ#GMX

tldr; Bitcoin reached a daily candle above $20,000 for the first time since September 17. This is the highest daily close for BTC in almost 24 days. GMX, the native token of GMX cryptocurrency, proved to be the top performer among the altcoins over the past 24 hours. EVMOS emerged as the top loser, losing over 4%. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Looking at it from the different category of crypto assets, I will say that for: High cap, BTC, ETH are good bet, for medium cap, I will say AVA & EGLD, and for low cap, I will say EVMOS, TAKE, GMX & SCRT.

Get into Defi. Find a platform that offers yield. I like earning yield through GMX’s GLP token.

Mentions:#GMX

Getting transactions on Arbitrum. Use GMX, Uniswap, Plutus, Rage Trade, etc. Bridge to and from Arbitrum. Provide liquidity in Hop Protocol. Honestly once you start using Arbitrum, you’ll start using it organically rather than to farm and airdrop because it’s so cheap and fast.

Mentions:#GMX

Arbitrum? You mean GMX has done it. Literally most of the money in this whole post is represented by GMX.

Mentions:#GMX

You wouldn’t have said it much better. I stopped drawing my conclusion on token marketcap since the day I invested in some projects with a tangling MC. The manipulation was so high that investors were coming in but token kept on dumping. It’s best to look out for key areas like the utilities that’s what has helped me to get into GMX and TAKE currently.

Mentions:#GMX

Imo, anything that is paying yield in hard currency from on-chain revenue (not emissions). GNS, DPX, BFR, GMX, etc.

Probably inspired by it but GMX is a decentralized perpetuals protocol

Mentions:#GMX

With so much to offer, NEXO Pro recently welcomed $GMX to their platform. https://twitter.com/Nexo/status/1578364675955122178

Mentions:#NEXO#GMX

GMX has a problem until they fix their price feeds. I’m a big proponent of them and Kwenta but there are lingering blind spots for holders at the moment.

Mentions:#GMX

Low/ micro caps= GMX, GNS, moons

Mentions:#GMX#GNS

Staking GMX and buying the lows on Btc and ETH AKA now !

Mentions:#GMX#ETH#AKA

>Any place that follows KYC rules is out of the question. You'll be left with shady places or low minimums. Not necessarily. There are large, reputable DEX's which are non-KYC like dydx, GMX, or Perpetual Protocol. But they still IP-block those in the US from some or all actions, and claim to ban VPN use. Do they actually go out of their way to find VPN users who might be located in the US? No idea. >and correctly yoinked. It's not correct to steal money from someone braking no laws. Why any DEXs are complying with US laws when they aren't based here and aren't licensed here makes no sense to me.

Mentions:#DEX#GMX

Honestly, it is a very crowded market. I don’t think it is better than many of the other dapps out there that so the same/similar thing. > outside of the top 100 As most defi protocols that aren’t OG aren’t. It would be a red flag if GMX was at its current state.

Mentions:#GMX

GMX is being shilled by a ton of people on Twitter. I don’t view it as a long term investment.

Mentions:#GMX

>That makes a lot of sense thank you. > >One question what in your opinion are the best assets to be holding onto that can’t inflate to much on demand? In my opinion, *right now* - crypto. BTC/ETH specifically. BTC because of its halvings (half rate of new supply every 4 years), and ETH because of its merge which was equivalent to nearly three halvings, and POS making it environmentally (investment) friendly. Both are historically underpriced right now, and I have good faith they'll pop off again in the right conditions - then it'll be as if the *gravity* was turned off on ETH. I used to be extremely diversified in any stock that piqued my interest but for the last 4 years, maybe 6, none of their earnings have reflected the price at all - *finally* that's lead to a bloodbath. It took up all my time researching everything, and I lost a lot of faith in the trad markets as they became memeified (detached from reality, no research matters) also just how entangled with AI it is. My employer matches 25% when I buy their stock, so I've been selling those into typical index funds to fund a basic retirement account with, and using all my spare income on crypto instead (since 2018-19). I went from maybe 60 assets to 6 in the last two years, unsure if that'll work out best but it's a load off my mind. Ibonds are king right now. If you're in a legal relationship you can 'gift' your other an ibond, and they can gift you one too, doubling the $10K max cap for both of you. My bank even offered me a promo 10% savings account for the next year, things have really changed. I'm trying to max all those out so I have dry powder left in case of a 'final capitulation' in BTC, or any real capitulation in the stock market - which seems everyone and their dog is waiting for, so it might not even play out, especially with so many *trillions* of new dollars floating around. I love the idea of PAX but it's one of those things that can be printed from nothing. The ratio of paper gold to physical gold is something like 250 to 1. Actually BTC is experiencing this issue lately too, so many exchanges are caught running fractional reserve systems - but a lot more people self custody crypto than bullion so supply shocks (price discovery) are more likely to occur. Similarly I love Monero. It's probably the only crypto activity being used as a currency right now, and it's not inflationary. Only it's being used as a currency in drug markets, and by sanctioned entities, and exchanges absolutely run a fractional reserve system on it. Jan 3 everyone withdraws their XMR to test that theory, and the price rallies like nuts each time as an exchange frantically buys from all other exchanges. It's the best on paper, but the regulatory risks overhang its investment prospects, and regulation is surely coming soon. There's also no way to audit if there was ever an infinite XMR exploit, like the one time someone made 184*B* BTC, which could be surpressing the price too. Best tech, best asset to hold, yet one of the worst long term investments in crypto. You can have privacy coins on Ethereum as well now, sort of eating into Monero's only use case. Aztec and ZK.money come to mind, I think they call it 'Shielded ETH'. The way ('ZK' aka zero knowledge) tech is progressing we'll have entirely anonymous *layers* on ETH in no time. In theory you can run a ZK smart contract/program from your desktop PC or smartphone, using your cheap CPU instead of the costly EVM/ETH computer, then you'd upload your encrypted (zero knowledge) proof of successfully running the program to Ethereum where your account would update - in that no one knows what you did, just that the proof was accurate to update your balances. That also means it won't matter if your program was 30kb or 300mb since the proof you upload and pay for will be around the same size. Before that will come ZK*rollups* like Aztec or Zksync, where you use *someone else's* cheap CPU to verify and create a proof of your (along with hundreds of other's) transaction, which is uploaded to ETH as a single *temporary* (www.eip4844.com) transaction (long enough for a validator to see it and update your balance), that can all optionally be encrypted for the same trustless outcome as Monero. The tech is in pieces right now, but it'll be put together and abstracted away from the end user surely. Regulators will hate ZK, but it's being developed faster than anyone can keep up and is an important part on ETH's roadmap to scale. Vitalik said something like ZKTech is as important of an invention as blockchains themself - and they've only *just* been developed. Vitalik, everyone, thought they'd be ready in ~5 years a year ago, but now Zksync already has a ZK-EVM live (in devnet) so scale+privacy will likely be ready before anyone expects. Commodities especially oil/ gas are the worst offender. OPEC+ (namely Saudi/Russia) treat it as a money printer, then you're beholden to what they want to do with the supply. I regret not buying some futures when oil was >$1bbl, but otherwise commodities are too volitile for me (the guy who's main investment right now is crypto). Besides that they typically orient themselves around geopolitical issues, which I don't have the time or mind to study. How does a gold mine producing record numbers still lose money? It's a different game. >What’s your two sense ? > >It’s tough to know what to go for in these strange economic times. I'm not a financial advisor, and none of this is advice lol. You know what's best for you. I just don't have the mind to care about corporations lately, I understand tech more than people and 'tech' means what Musk or Zuck want to do lately. Crypto may go to $0 at any time so I still maintain a base retirement account in case. I'm just so pessimistic about the economy and that keeps me in crypto. Ideally crypto would look like a terrible investment, BTC prints $20-30M a day to pay for its security and earns $200-300K back, with no real roadmap or desire to become profitable. But *so many* (growth) companies are literal shells that relied or even planned on being able to borrow at 0% indefinitely *to exist*, so crypto doesn't look too bad relative to that. BTC may go down but it can't file for bankruptcy.. Half our economy *needs* low interest rates - which so many utilize for crypto (along with stock buybacks) - so it's only a matter of time imo even if we go down some more first. That said, since the merge ETH looks the most desirable to me. Now it prints around $2M a day for security, makes around $2.5M back selling blockspace (in these market conditions), of which $2M is burned (EIP1559), and it's likely to make/burn 3-10x that in a bull market when demand builds. In the past ~45 days of POS it's added under $2M total to the supply while offering ~5% APR to stake, contrast with POW where it would've added a hair under $900M to markets while miners made off with 50-100% APR. It's the first crypto *in profit* now, so whatever made me buy it as an entirely speculative asset I feel I should ride this one out. My favourite toy: www.ultrasound.money In other words for ETH's price to remain flat at $2000 in POW for 50 days, the market would've had to eat up 650,000 ETH from miners by buying $1.3B, only to *maintain* the price at $2000, but we went well over that so there was *more* demand than $1.3B last run. Stakers have no costs so don't *have to* sell, but assuming they sell all of their new issuance, in 50 days they'll add about 80K ETH to the market, or about $160M at $2000, while (in the right conditions) there's demand for over $1.3B. I think it's completely undervalued right now (everyone is looking at past historical markers, imo it's practically a new coin without price history) so that's where I've put all my attention. Even if demand drops by 80% there's still more demand than supply than before, but it'll take a while for it to play out-like BTC halvings. For my power plays (high risk high reward) I'm investing in ETH's L2 ecosystem, where new users will find themselves if they want to use ETH with sub 5c fees (free in some cases, some will take 1% off NFT sales and use that to subsidize all other transactions). No one can afford to pay $50-250+ fees per transaction except rollups(layer 2's), which are essentially whole blockchains that exist inside Ethereum and since the roadmap was renamed from ETH2 to '[A Rollup Centric Ethereum](https://ethereum-magicians.org/t/a-rollup-centric-ethereum-roadmap/4698)' it seems like a safe bet. Reddit is even using an ETH rollup for their new cryptocurrencies. Have to watch out for inflation on L2 tokens since they're all new in their initial distribution phases - some look better than others - but since they don't have to *obscenely inflate* to pay for security (they just need to afford ETH's or their L2's gas fee) most should find themselves well in profit too - and there's a good opportunity to get in on the distribution phase by being an active user (check out Optimism Quest, and Arbitrum Oddysey, maybe starts Q4, probably easy to frontrun the dApps required to participate in those events if that's your game, keep an eye on Zksync for future opportunities too) exchanging spare time/curiosity for undervalued assets, *sort of* like posting here for Reddit's crypto. It'll probably take a year or two for L2 to make sense to everyone else, but the cheap fees we're experiencing now are temporary so scaling via L2 is still necessary. GMX is my favourite L2 dApp right now, on Arbitrum. It's a perfect replacement to my CEX and has >5c fees, plus their GMX token has 2-3x since I bought in June back when Odyssey began. Odyssey was paused so Arbitrum could scale, they scaled 7x but haven't restarted the event yet, and the next week of Oddysey we're supposed to use GMX so I've just been holding on ever since. I'm trying so hard not to buy *60* L2 assets but I'm watching a lot very close.

r/BitcoinSee Comment

No one will ever attempt keeping all his earnings in BTC, it's never a good idea, although the future is bright, but diversification is necessary, only 20% of my worth are on BTC, 30% on Alts like EVMOS, TAKE, & GMX, 30% on real estate, and 10% on stable coins should in case of emergency, and I'm staking the stable (USDB) on Takepile for a whopping 30% APY.

I agree with you this space is 70% hype that why you need to get in on the gype before its too late, I think the recent hype currently is real yield project the likes of GMX, SNX and gains are leading the charts there another one that deserves honourable mention is projects building infrastructure to soften the effect of regulation on the privacy we enjoy from DeFi e.g Alliance Block with their TIDV product.

Mentions:#GMX#SNX

Question has been asked many times >Also, what constitutes “surviving?” If it has enough runway to continue building, most projects run out of funding and at some point, they stop developing, or even remain inactive. That runway imo gives room for many things like marketing, partnerships, constant innovation, improving the tech & everything else required to stay actively in building. >How do you guys research/decide on which projects you think will survive this bear market? Check metrics like available funding, revenue, number of active users, trading volume, price action against BTC, community sentiment, etc. I've seen that in Uniswap, Cosmos, GMX, Cartesi, Polygon to mention a few.

Mentions:#BTC#GMX

Lol, I have not seen anything about the new Luna in a while, I do keep seeing LUNC but no one that lost money cares to pump it up again, it is new people thinking it would rebound or something who use it for trading like fucking apes, I do not understand those type of people, they always lose money, they get a win every 10 losses and get a pump in their heart the go lose more, as if there are not enough good projects or other investments, You do not like Kaddex for some passive income? or lately I have been seeing GMX too, or even ETH rocketpool, then go invest in stocks and get dividends, you got all the choices and you choose the worst one

Mentions:#LUNC#GMX#ETH
r/BitcoinSee Comment

One of the top platforms is NEXO, and they recently introduced $GMX! https://twitter.com/Nexo/status/1578364675955122178

Mentions:#NEXO#GMX