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GMX Paid A Hefty Prize Because Of This Flaw

With Daniele Sesta returning and launching his project on Kava - Kinetix (KFI) is a coin to look into

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GMX trader, who made almost $500K in realized PnL across just 5 trades now holds a $1.46M long position, entered at an ETH price of 1,629. [Address in the comment]

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Curious about Avax

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Big crypto trends we could observe in the future

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Top 30 cryptos in 2024-2025 on Coinmarketcap!

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GMX Trader Makes Over $1 Million Shorting and Then Longing Ethereum During Crypto Market Crash

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Short with leverage on GMX: how liquidation prices are calculated?

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Short with leverage on GMX: how liquidation prices are calculated?

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Quickswap Team is developing the first decentralized Perps Exchange on Kava.

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DOGE! Is the original meme/dog coin ready to take off?

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$8 Million in Crypto & NFTs Mysteriously Burned. "The anonymous trader destroyed $3.3 million worth of the crypto tokens GMX and GNS, including several and very expensive NFTs, which comes just a few days after he also, without explanation, burned approximately $4.5 million in assets"

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GMX Crypto: This Crypto can make you RICH!

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ND4.ETH burnt more millions worth of crypto

r/CryptoCurrencySee Post

Mysterious ETH destroyer nd4.eth burns nearly $4 million worth tokens and NFTs again

r/CryptoMoonShotsSee Post

Quickswap is developing the first decentralized Perps Exchange on Kava. It's launching soon and it will have a token ($KFI)

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GMX Launches v2 Beta & Introduces New Assets For Trading

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A look at the og dog coin's chart

r/SatoshiStreetBetsSee Post

SpoolFi V2: The new face of institutional-grade Defi

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Perp trading in the US, best platform?

r/CryptoMoonShotsSee Post

Alpaca Protocol - Decentralized Meta Aggregator

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Alpaca Protocol Presale

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GMX: one of Avalanche’s most active DEXs

r/CryptoCurrencySee Post

A single trader short sold $13M in ETH, aggressively shorting since the rise from just above $1700. They just got liquidated on $12M of the position today after ETH passed $1953. After getting rekt, they actually increased leverage from 7x to 30x on remaining $1M, which will be liquidated at $1999

r/CryptoCurrencySee Post

Are CEX's Actually Less Risky? DEX's still have no options to manage risk on your holdings (aka stop orders on swaps)

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Alpaca Protocol | Meta Aggregator

r/CryptoMoonShotsSee Post

Low-cap Projects on Arbitrum that I'm in the Lookout for

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Low-cap Projects on Arbitrum that I'm in the Lookout for

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Low-cap Projects on Arbitrum that I'm in the Lookout for

r/CryptoCurrencySee Post

Low-cap Projects on Arbitrum that I'm in the Lookout for

r/CryptoCurrencySee Post

Synthetix trading volume overtakes GMX, but is the DEX token rally sustainable?

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Don't come near Future if you haven't touched it. Future could mess you up badly...

r/CryptoCurrencySee Post

PulseChain is launching within 7 days. Here's how you get your tokens and bridge back value

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PulseChain is launching within 7 days. Here's how you can claim your free airdrop, and bridge value back

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Help Picking/Comparing/Evaluating DEX Risks vs Benefits Compared to Kucoin

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Which DEX do you think will be more successful in the next bull run?

r/BitcoinSee Post

Satoshi Nakamoto Identity GMX Email Account

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A Bullish Case for GMX, the Largest Decentralized Derivatives Exchange That You Can Own And Pays You Dividends in Ethereum. [DEEP DIVE]

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Portfolio Showcase and Suggestions Thread

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Morphex perp dex hits fantom!

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Whale just opened a 53x long ($13M) on Btc and 34x long on Eth ($1.2M) on chain

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Explained: What is Bridging and How Does it Work? (Bridge ETH to Arbitrum, zkSync, etc.)

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After nfts and meme coins, decentralized on-chain perpetual trading exchanges token are new hype

r/CryptoMoonShotsSee Post

Flashstake - Earn a year’s worth of yield upfront, immediately, today. ($GLP strategy launched today with initial 60% APY!)

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USDT-Margined ARB, MAGIC, GMX, PERP and LRC are now up on Kucoin for a competition!

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UPDATE: A Week After Getting Hacked for 300k - Cashing Out at a KYC Exchange

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Crypto Exchange GMX Proposes Deployment on Coinbase's Base Blockchain

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Crypto Exchange GMX Proposes Deployment on Coinbase's Base Blockchain

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Arbitrums Governance token is scheduled to be airdropped on march 23rd, here is what you need to do if you're planning on selling yours.

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Ditch the CEX: Four Promising Decentralized Exchanges (With pretty UI screenshots)

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This trader is single-handedly destroying GMX stakers

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Unlock the Benefits of Arbitrum's Airdrop: Your Step-by-Step Guide

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GMX Price Gets Second Wind and Targets New All-Time High

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Understanding leverage trading

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The Danger of Trading with Leverage Trading, March 2023 Edition

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Looking for research targets in coin data

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UPDATE: Platform for shorting tokens - if bear market continues, why not embrace it?

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Arbitrum one

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UPDATE: Platform for shorting tokens - vote on your rugs and shill your bags!

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Decentralized derivatives platform Perpetual Protocol slashes trading fees to zero, and increases maximum leverage to 75:1, in bid to reclaim market share from rivals DYDX and GMX

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Platform for shorting tokens?

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Platform for Shorting Tokens?

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SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price By Cointelegraph

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A simple layer-2 app is earning more in fees than every blockchain

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GMX feasting on volatility today tops Ethereum in fees

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What do you do?

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GMX Generates More Fees than BNB Smart Chain and Bitcoin

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Hackers steal $3.5M worth of digital assets from GMX whale

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DeFi user loses $3.4 million of GMX tokens in phishing attack

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2023 Blockchains: The Top Trends to Watch

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Hey you bear market degens. Need some help finding strong projects from these ashes? Here's some tips on how to determine value within this industry.

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Wallet enhancements for the next generation of decentralized power users

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Adventures in Borrowing to Invest - Part 1

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Top 100 Crypto Gainers [One Year]

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Perpetual Protocol and Perpetual DeX 101

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Have you ever heard about Forward DeFi Protocol ?

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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

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

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There already some 100x here and there.

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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!

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Why I am strongly against crypto regulation.

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

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UNI vs AAVE vs GMX

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When a big tree falls in the forest…

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

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

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

r/SatoshiStreetBetsSee Post

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

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

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

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Best altcoins to accumulate in this bear

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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.

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No horse is safe

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

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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

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tldr; GMX, a decentralized exchange, awarded Collider Research a $1 million bug bounty in 2022 for discovering a critical bug in GMX's smart contracts. The bug affected how the protocol tracks outstanding debt and led to inaccuracies in quotes related to the fair value of tokens. The bug specifically impacted the Global Liquidity Pool (GLP) and caused it to deviate from its fair value. This bug could severely affect GMX's revenue and disincentivize liquidity providers from engaging. The bug has been patched, but GMX has not provided further details on how or when. The bug bounty program at GMX aims to prevent theft of user funds and rewards developers who identify critical code flaws, with a maximum bounty of $5 million. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#GMX#DYOR

I just learned how to do leverage trade through GMX and I didn't know it would cost that much gas for an experiment (yes I'm kind of cheap) now bout to get high as fck and fly to the moon, I'm gonna need to close this leverage before any bad decision happens where do you all play your leverages for future reference?

Mentions:#GMX

For reference: No. 45 - Aave is $900 million No.48 - Algo is $700 million No. 98 - GMX is $300 million

Mentions:#GMX

Top 10 decentralized perp dexes by trading volume over the last 30 days. #dYdX $DYDX - $17.3B #HMX $HMX - $2.16B #Kwenta $KWENTA - $1.84B #Vertex - $1.79B #ApolloX $APX - $1.51B #GMX $GMX - $1.49B #GainsNetwork $GNX - $1.2B #Polynomial - $971M #PerpetualProtocol $PERP - $606M #MUXProtocol $MUX - $596M https://twitter.com/CryptoRank_io/status/1707020686835736905

Its true and a lot of CEX-based leverage trading is fairly predatory (and likely trading against their customers). I'd look into Gains Network (GNS), GMX, Meridian Finance, QuickSwap, Buffer, Mummy Finance, etc. if you want to do leveraged trades transparently on-chain. Many are cheaper overall on fees.

Mentions:#CEX#GNS#GMX

I’ve never seen a single GMX shill here. No fans?

Mentions:#GMX

On Perp DEXes like GMX and VELA

Mentions:#GMX#VELA

Waiting for INJ and GMX to dump properly

Mentions:#INJ#GMX

In thinking of something like GMX.

Mentions:#GMX

So Arbitrum Odyssey is back. For those who dont know, it is a 7-week-long on-chain campaign that involves users exploring the Arbitrum One ecosystem. Week 0 - Bridge Week Week 1 - GMX Week 2 - Aboard Exchange and TofuNFT Week 3 - Premia and Apex Week 4 - 1inch and Uniswap Week 5 - Dodo and Swapr Week 6 - TreasureDAO and Battlefly Week 7 - Handlefi and Sushi [Source](https://x.com/arbitrum/status/1704173003825615353?s=20)

Mentions:#GMX

I trade on Kwenta, GMX and Mux. Defi perps.

Mentions:#GMX

ARB and GMX for sure.

Mentions:#ARB#GMX

2014 - You missed $DOGE 2015 - You missed $XRP 2016 - You missed $ETH 2017 - You missed $ADA 2018 - You missed $BNB 2019 - You missed $LINK 2020 - You missed $DOT 2021 - You missed $SHIB 2022 - You missed $GMX In 2023, don't miss $____

Lol, I've had this before. They hacked my Insta some months back, which was silly and I had registered for and set my Insta password similar to my GMX email password ( though it wasn't my main email account, that I used in banking) It's after a week, that I noticed that I had been locked out of my Instagram and my GMX email. It's only upon resetting my email password to gain access to it that, I saw the some silly email at the top in broken English saying in short, "I hackd your password, don't attemt to contact police. I will send the videos of you masturbating to your family and co-workers, if you don't send $800 in Bitcoin to this address. do not attempt to contact me, you can't". When I read the email at first I was surprised and alarmed that I could be hacked, then gradually became amused and wished he would send them an email to be quick with it already. It's only after a few days that it dawned on me, that it's just some silly conmen, trying to trick me, who live in a country where English isn't their first language. They just used some password generator, since my social media password was so simple and gained access to my emails using the same password. They then wrote their scam copy pasted email, since it might have worked before with many other people beforehand. They must have sent the same email a thousand times during the same month and they must have had a decent success rate with their scam (maybe 5%) to continue to do it. A success rate 5% from 1000 emails is a nice chunk of Bitcoin for some simple Instagram hack, that can be learned in an afternoon.

Mentions:#GMX

The most likely chance is that Twitter's account recovery system was tricked into sending the hackers a new password, this is usually the case in the vast majority of these hacks *(that's also how they hacked Satoshi's email back in the day, they tricked GMX's password retrieval system)*.

Mentions:#GMX

All platforms need to have mev protection by design! Several do already like GMX, 1inch, Pancakeswap, etc. There’s literally no excuse for this shit at this point.

Mentions:#GMX

Another option would be to trade on platforms that are anti-mev by design, like GMX on Arbitrum

Mentions:#GMX

GMX before its major pump in springtime this year

Mentions:#GMX

I trade perps on GMX/mux on arbitrum and Kwenta on optimism.

Mentions:#GMX

In general, you're right. So far, the most user-friendly dex I've found is probably GMX on arbitrum. They have on and off ramps available (direct to and from L2), guides for beginners and advanced users, solid liquidity, a very clean UI and the team is helpful in their discord, it's fairly active too. I think as time goes by, more and more users will quit using CEXs, there is just too much risk involved.

Mentions:#GMX

My favourite sectors are AI & Big data, DeFi and Layer 2. \- For AI & Big data, Ocean Protocol (decentralized data exchange unlocking data for AI) and The Graph (a data indexing platform) are my favourites. \- For Layer 2s, I'm banking on Polygon (MATIC), Optimism (OP) and Arbitrum (ARB). \- Uniswap (UNI), Gmx (GMX), Maker (MKR), Aave (AAVE) are my top DeFi platforms.

$GMX - derivative platform on ARB, I believe the derivative DEX narrative will gain popularity, especially when people are forced out of CEXs for derivatives. $GNS - see above. $ICP - best team in the game, decentralized cloud computing, it's never really had a bull run and it was short squeezed by the FTX cartel, I believe it's undervalued. $ARB - L2s will be a big narrative, I am hedging my bets with all of them. $ZKS - see above. $ZRO - see above. $LINEA - see above. $BASE - see above. The only old crypto from last cycle is icp. A lot of these are potentially airdrops I am trying to farm as well.

This is clearly why it's good to buy when people are scared of solid tokens. This doesn't apply to shitcoins; I remember buying SOL at $150 and feeling good that I caught the bottom. Well, you know, the rest is history. Now, I consciously bank on doing my research on tokens, and my narratives cut across perp DEXs, metaverse-in-car, finance, and the rest, i.e., GMX, RIDE, INJ, and QWT, which is a catch for me.

Great picks. The deFi category is my major interest for the next bull, and I'm bullish on Lido (liquid staking), GMX (derivatives), and Bumper (Options)- better yields here & also cost-efficient. I had DexCheck on my watchlist some weeks back, being an AI-focused project. FluidAI is my recent addition. Working on delivering the best execution & giving access to deep liquidity.

Mentions:#GMX

I’m pretty simple. I typically bridge my ETH to Arbitrum so I can either take out a loan on Aave using DefiSaver for real world expenses if I don’t feel like selling crypto or any other asset at that moment. I’ll also use GMX if I’m feeling frisky

Mentions:#ETH#GMX

>"What criteria matter most to you when considering blockchain token investments?" I'm not like, a tech guru or anything, but my tech squad always peeps the developer hustle and the mad liquidity levels first. Then they peep the network vibes, followed by the lit community activity all across the channels. From the general user perspective or a seasoned investors like me, I'm all about peeping the team (are they doxxed or not?), what they're bringing to the table, how they communicate, and their marketing game, ya know? It's all about those key factors, fam!, like Uniswap and GMX have been my absolute faves when it comes to investments! The ROI has been legit 2x-3x, no cap! I'm currently doing some research on active strategies/protocol for hedging to, like, protect against the downside risk. Bumper has totally slayed the branding game and the prototype is straight fire. Since you are a data engineer, there is a sub for it r/dataisbeautiful

Mentions:#GMX

If you want a clone of GMX but on Pulsechain it is called GPLX and launched about a week ago. It currently has just a $1M marketcap so there is a lot of room to grow and good staking opportunities since it is new.

Mentions:#GMX

No way I'm touching any of those as an investment. I'd rather go with ATOM, GMX, and OCEAN, these are what I call truly undervalued. Not only are they actually being used, but there will be significant demand for their services in the future.

Satoshi had a GMX address? Could that hint at him being from a certain nation such as Germany where GMX was popular during that time?

Mentions:#GMX

I'm also a believer in learning from the past. The cryptocurrency market is still young, and there is a lot that we can learn from the experiences of others. Besides eth, link, and litecoin, L2 chain tokens like arb and op have potential. Due to decreasing transaction costs, GMX and Dydx will succeed in new chains. AI-based prediction models from FuidAI are promising. I'm bullish on the future of cryptocurrency, but I know that there will be challenges along the way. By learning from the past, we can make better investment decisions and help to ensure the long-term success of this new asset class

Mentions:#GMX

Anyone know why my GLP tokens won't display in MetaMask? The GMX "Buy" page shows my token balance after purchasing with ETH, but MetaMask says 0 GLP tokens.

Mentions:#GMX#ETH

I'm sorry, but Gravix? Gravix, really? WTF is Gravix? I am well connected in crypto for many years now and this is the first time I've heard Gravix. No. Just no. **Uniswap**. That is a dex you should be using. Trading perps or spot: DYDX. GMX, etc. Wtf trades on Gravix?

Mentions:#WTF#DYDX#GMX

Well played, GMX trader.

Mentions:#GMX

Better off keeping it that way. I started playing with about 500 USD on GMX that turned into a couple thousand then turned into 0.

Mentions:#GMX

tldr; A trader using the decentralized exchange GMX made over $1 million by accurately predicting Ethereum's price action. The trader shorted ETH when it was trading near $2,000 and closed the position after the market crashed, making nearly $1 million. They then went long on Ethereum and are currently making a profit of $145,721. GMX specializes in perpetual futures and aims to provide low swap fees and low-price impact trades. However, not all GMX traders were successful, as another trader lost around $1.07 million by going long on Bitcoin before the market crash. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

Mentions:#GMX#ETH#DYOR

The problem is.... 4 months ago it was trading at 75c... now it's trading at 37c... Anyone who invested and held the day you made this post has now lost half of their money. You could have made more money buying stray dogs. Anyway, now that it has dropped back down to the same price it was 2 years ago... is now a good time to buy? Where is the GMX sub reddit? Looping has 100k members of their subreddit, yet GMX has a few posts and that's it?

Mentions:#GMX

I'm currently immersed in the AI sector, where I'm delving into various projects including OCEAN amongst others. In the realm of tokenization, my primary focus is on RIO. When it comes to decentralized exchanges (DEX), I prefer to use GMX as my preferred option. In the context of advanced risk management strategies, with a particular emphasis on preserving assets' value and maximizing potential earnings, I've recently come across BUMP, a promising avenue that I'm fully embracing and investing in. In supply chain, I’m going with TRAC from the Origin ecosystem. I’ve not explored much with privacy tokens yet.

I'm currently immersed in the AI sector, where I'm delving into various projects including OCEAN amongst others. In the realm of tokenization, my primary focus is on RIO. When it comes to decentralized exchanges (DEX), I prefer to use GMX as my preferred option. In the context of advanced risk management strategies, with a particular emphasis on preserving assets' value and maximizing potential earnings, I've recently come across BUMP, a promising avenue that I'm fully embracing and investing in. In supply chain, I’m going with TRAC from the Origin ecosystem. I’ve not explored much with privacy tokens yet.

Some will dump for sure. But I believe there will be those that might just take the initial or want to ride it like GMX.

Mentions:#GMX

I never know what that means though, because the Arb token doesn't necessarily need to benefit if the network becomes huge. So what's the play? But ETH, ARB, or just ARB projects (GMX, Treasure, etc?

Mentions:#ETH#ARB#GMX

The liquidation price depends on if you are doing it Isolated or Cross margin. This is based on my experience of doing perpetuals/futures in crypto, not specificaly GMX. Isolated: Only what you put in is used to calculate your liquidation price. E.g. you put in 1000, that is the max amount you can loose. Then the number of X you use in leverage also depends. E.g. you short 1000 at 1x leverage when eth price is 2000. Then the liquidation price is at a 100% inxcrease e.g. 4000. At 2x leverage liquidation is current price divided by leverage plus current price, so 2000/2 + 2000 = 3000 So if you instead put in 1000 at 10x leverage at eth price 2000, then the liquidation price is 1/10 of current price plus the current price. So liquidation is at 2200. Cross margin: Here it not only uses the amount you put in but is also using the remainding money in the account used for buying longs/shorts. So the liquidation could be several 100% over what you invest in your long/short. This is very dangerous since you could risk your entire account balance, when I do cross margin on longs/shorts I use like 1/100th of my account balance so I could both DCA and having some margins before I get liquidated.

Mentions:#GMX#DCA

The GMX one ?

Mentions:#GMX

I can’t even swap on Uniswap for GMX right now. Arbitrum was supposes to scale. WTF?!

Mentions:#GMX#WTF

I'm not willing to lose it all again. I lost a lot of money in the 2017–2018 bear market, and I'm not going to make that mistake again. I'm only investing what I can afford to lose, and I'm taking a long-term view on cryptocurrency. The only thing I learned after losing money is to always have dyor and keep a major percentage of the portfolio in blue chips like bitcoin, including eth, link, and litecoin, but there's still room for growth in newer chain tokens like arb and sui. GMX, Dydx, and Lyra Finance will be successful on these new chains thanks to lower transaction costs. Some more recent initiatives, like bumper finance, offer hedges (combinations of stop-loss and Put options) against the risk associated with the volatility of cryptocurrencies. If you are not comfortable with the risk of losing all of your money, then you should not continue holding altcoins. However, if you believe in the long-term potential of altcoins and are willing to take on some risk or hedge the downside risk, then you may want to continue holding them.

Mentions:#GMX

Right. So give credit where it due. None of this crap will ever start a bull market, you need banks. Tell me again how GMX and AAVE power DEFI lol

OP has never heard of a chainlink lol [https://www.swift.com/news-events/news/swift-explores-blockchain-interoperability-remove-friction-tokenised-asset-settlement](https://www.swift.com/news-events/news/swift-explores-blockchain-interoperability-remove-friction-tokenised-asset-settlement) >DEFI (AAVE, GMX etc.). Had its time during the last bull run. Not sure it will be a strong narrative this time around. 6/10 Youre clueless lol. Both these services are powered by chainlink oracles.

tldr; The article discusses several cryptocurrencies that have the potential to experience explosive growth in the market. It highlights GMX, the native token of the GMX platform, which has been performing well and outperforming other top-ranking cryptocurrencies. The article also mentions ALGO, which is rebuilding its reputation and has had positive price performance in the last 24 hours. Additionally, the article mentions AR, the native token of the Areweave platform, which has shown impressive gains but faces challenges due to the bear market. Lastly, the article mentions SOL, the token of the Solana platform, which has high volatility but has had positive performance and increased trading volume. The article also briefly mentions the yPredict project and its presale phase. Overall, the article suggests that these cryptocurrencies may be worth monitoring as they have the potential to explode in value. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

tldr; An unknown crypto user named "nd4.eth" has burned approximately $8 million worth of cryptocurrency and high-valued NFTs, leaving the crypto and NFT communities puzzled. The anonymous trader destroyed $3.3 million worth of crypto tokens GMX and GNS, as well as several expensive NFTs, and previously burned around $4.5 million in assets. These assets were sent to a designated wallet address, removing them from circulation. The motivations behind these actions remain a mystery, and speculation and theories are circulating within the crypto community. The enigmatic actions of nd4.eth have sparked intrigue and curiosity, highlighting that even in the transparent realm of blockchain, mysteries can persist. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

Mentions:#GMX#GNS#DYOR

Why GMX and GNS?

Mentions:#GMX#GNS

tldr; An unknown crypto user named "nd4.eth" has burned approximately $8 million worth of cryptocurrency and high-valued NFTs, leaving the crypto and NFT communities puzzled. The anonymous trader destroyed $3.3 million worth of crypto tokens GMX and GNS, as well as several expensive NFTs, and previously burned around $4.5 million in assets. These assets were sent to a designated wallet address, removing them from circulation. The motivations behind these actions remain a mystery, and speculation and theories are circulating within the crypto community. The enigmatic actions of nd4.eth have sparked intrigue and curiosity, highlighting that even in the transparent realm of blockchain, mysteries can persist. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

Mentions:#GMX#GNS#DYOR

>The anonymous trader destroyed $3.3 million worth of the crypto tokens GMX and GNS, including several and very expensive NFTs, which comes just a few days after he also, without explanation, burned approximately $4.5 million in assets (approx. 2,500 ETH as of press time). >Alongside the tokens, several high-value NFTs were also dispatched to oblivion. These included pieces from Bored Ape Yacht Club (BAYC), three Mutant Ape Yacht Club (MAYC) NFTs, and coveted CryptoPunk #5237. Taking a further look at the current floor prices of each of these NFT projects, this was an estimated value of around $225,000 (or 122 ETH) as of press time.

Remember the ETH address nd4.eth, who burned $4.5 million worth of ETH by sending them to a dead wallet? It looks like the mysterious burning spree continues. **July 26, 2023:** The wallet address nd4.eth sent 2500 ETH to the burn address. It was worth $4.5 million. There was a rumor doing the rounds that his girlfriend cheated on him, and he destroyed his ETH. **July 29, 2023:** He spent 5,330 DAI to buy GMX and GNS and also transferred 34.9 GMX ($1,989) and 600 GNX ($2,733) to the dead address. He had 34,287 GMX (worth $1.84 million) and 311,003 GNS (worth $1.43 million) in his wallet during the first burn incident. **August 9, 2023:** He sent 1 BAYC, 1 MAYC, and 1 BAKC NFTs to the burn address (worth $88.3K). **August 10, 2023:** He burned another $3.59 million worth of GMX and GNS tokens today, most of which he has held for months. What could be the possible reason for this self-destruction?

About 2400 ETH were burned in the last 24H from gas fees. It's a drop in the bucket in the grand scheme, but still not a miniscule amount by any means. The $3.6M GMX burn is actually pretty substantial. I agree with you though. I dream of being rich like anyone, but all I think about are ways I can help the people around me or people who need help the most. I couldn't imagine what kind of demons this guy must have to do such a thing. SHUMAS will build a school in Africa for only $20,000 USD, it's like he's burned down 400 or 500 schools.

Mentions:#ETH#GMX

tldr; An unknown individual with the ENS identifier nd4.eth has burned $8 million worth of crypto tokens and NFTs, including GMX and GNS tokens and various valuable NFTs. This comes after the individual previously burned 2,500 ether worth $4.5 million. The motives behind these actions remain unclear, as the individual has not provided any explanation. The burned NFTs include pieces from the Bored Ape Yacht Club, Mutant Ape Yacht Club NFTs, and a Crypto Punk. The total estimated value of the destroyed NFTs is around 122 ether ($225,000). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

tldr; An unknown individual with the ENS identifier nd4.eth has burned $8 million worth of crypto tokens and NFTs, including GMX and GNS tokens and various valuable NFTs. This comes after the individual previously burned 2,500 ether worth $4.5 million. The motives behind these actions remain unclear, as the individual has not provided any explanation. The burned NFTs include pieces from the Bored Ape Yacht Club, Mutant Ape Yacht Club NFTs, and a Crypto Punk. The total estimated value of the destroyed NFTs is around 122 ether ($225,000). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

It's not about the money, it's about sending a message. >The guy who burned 2,500 ETH($4.58M) transferred 36,188 $GMX($1.78M) and 311,003 $GNX($1.52M) to a dead address again an hour ago.

Mentions:#ETH#GMX#GNX

what's GMX?

Mentions:#GMX

Moons 24 hour volume is 2.69 million. For reference; GMX volume is 2.34 million.

Mentions:#GMX

You don't have to be a VC, no. You just have to grind. You've got to research, you've got to adapt to new info, and you've got to build a network of people. I'll let you in on a secret - nothing in this market is much more than following trends and understanding narratives, at least in the short term. You've got to pay attention to what people are buzzing about on social media. Does that mean run out and buy up the first thing you see people shilling? No, it doesn't. What that means is, for example - last year when perpetual dexes were all the rage, you could have rotated between numerous - GMX, GNS, etc and realized solid profit. All that took is recognizing what the flavor of the week is. In some instances, you're going to be front running the VCs depending on how early you are. The best thing you can do is expand your network. Meet people on Twitter, Telegram, Discord, etc. Form groups, where you are all researching. You will have infinitely more luck in this market when people are paying attention to sectors you might not be. You can't survive in an isolated bubble imo

Mentions:#VC#GMX#GNS

Would make sense if he doesn't still have about $3.5 million worth of tokens in his wallet. Although those coins (GMX and GNS) are staked and I have no idea if there is an unstaking period for these coins.

Mentions:#GMX#GNS

Buy onchain, use GMX

Mentions:#GMX

tldr; The most popular decentralized exchange (DEX) on the Arbitrum layer 2 network, GMX, has launched its version 2. The new version offers lower fees and includes alternative currencies such as dogecoin (DOGE). Liquidity on the platform is provided through individual GMX Market (GM) pools, with liquidity providers earning a cut of fees. The introduction of version 2 could help GMX attract more traders and increase its revenue. The platform has already locked up significant amounts of value on both the Arbitrum and Avalanche networks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

GMX V2 is live with some nice APRs for the liquidity providers

Mentions:#GMX

The comments below are so detached from reality that it you can only assume the only things people have seen is either BTC or cumrocketinu69 coin Then again r/cc is the WORST place for any information on crypto as its always 5 years behind. There are hundreds of revenue-generating products and tokens that pay you the revenue of the platform for the services they provide. Theres literally entire sites dedicated for this like [https://defillama.com/fees](https://defillama.com/fees) and [https://tokenterminal.com/terminal/metrics/revenue#data-table](https://tokenterminal.com/terminal/metrics/revenue#data-table) Use DeFillama for more friendly UX and sort by holders revenue. These are all platforms and protocols that pay the user based on ACTUAL usage of their PRODUCT. Not minting tokens out of thin air, not some ponzi stuff, just actual usage and fees collected by people paying to use a service distributed to holders. \- GMX is the most solid example here being a leverage trading exchange on arbitrum. People pay fees to use the exchange and 30% of that gets distributed to holders of GMX. Same thing for GNS, SNX, LVL, and UNIDX on this list. \- Then you have protocols like THENA, VELODROME, CRV which are just normal spot trading DEXs which distribute some of the fees people pay to stakers of the token \- Then you have protocols like CONVEX, AURA, and RADIANT which have paying customers to do a service for them such as automated tasks, loan markets, or staking optimizer services. This whole narrative that anything besides BTC is just a ponzi is just an extremely butt hurt BTC maxi that their precious network cant do anything useful other than be traded on a CEX. Yes 99% of coins are ponzis but that's just a flawed interpretation of the statistic. 99% of stocks are also bullshit and 99% of companies are also bullshit. 99% of people that has started a restaurant has failed if it hasn't lasted more than 3 years. You see how the statistic means nothing? not even 1% of traded volume touches this 99% of ponzi esque projects so I'm not sure why its even brought up. If this was 2017 anyone can easily agree with you but this is what I mean by r/cc is literally 5 years behind because these tools and revenue-sharing products have existed for a very long time now. Anyone saying that crypto doesn't have any value backing its price is pushing a narrative or just completely clueless repeating some comment they read on forbes from 2014.

r/CryptoCurrencySee Comment

Narratives of the Degenerates /// We are still in the beras market yet crypto ages in dog years /// 📍Remember Real Yield Perps - GMX and copycats 📍Remember AI - resurgence of old AI coins 📍Remember LSDfi/ethwrapped100timez - building in top of each other 📍Remember PEPE bubble - made many millionaires 📍Remember Milady - they launch their own coin 📍Remember Ben/SendHimYourETH - rugged 📍Remember Ordinals/Inscription - they have their own community now 📍Remember Defi 1.0/RealRevenue - the comeback of the first movers? 📍Remember Telegram and Discord Bots - it's actually fun to use 📍Remember XRP / minipumponLawsuitNews 📍Remember Soylana Shillfluencers / chart from bad to good to bad again 📍Remember CCIP/Linkto1000isameme/ what if the Link army is correct in 2030? 📍Remember Rollbit/Gamblefi/ShillfluencersFavourite 📍Remember Hams/GambleButAnimals/ they made rats too 📍Remember Baldonbase/SamIsthatYou?/ ruggedddd 📍Remember ??? / what's our next bet?? Did I miss any?

Mentions:#GMX#PEPE#XRP
r/CryptoCurrencySee Comment

I use binance .To be fair any concerns are understandable and I also plan to put new money in bybit ,which alot advised. But tbh I don't think Binance (global) will have any problem. They won't operate in US anymore from what I understand , they have the biggest amount of liquidity and safe fund. And now they launching in Japan. Have they done shady stuff?I bet yes.I bet 99% of exchanges have done that. That being said have in mind big-time serious traders(no ,youtubers ain't that ) have built an unbreaking habit of mitigating risk as much as possible. You can also use a dex like GMX if u trade futures and want to do it from your wallet.GMX also has good liquidity and ludicrous LP rewards.good security but the moment we speak DEXs have the most exploits. If you don't trade futures ,or don't trade spot often ,then your best bet is to move your stables I exchanges,buy and then withdraw.The fees are nothing when crypto gives great returns

Mentions:#GMX
r/CryptoCurrencySee Comment

Anyone anticipating upgrades on protocols for a quick trade? The ones i'm currently following with small positions : traderjoe : deploying soon on eth mainnet Radiant : also deploying on eth GMX : V2 coming soon

Mentions:#GMX
r/CryptoCurrencySee Comment

Haven't committed to any place to stake my ETH, I think I'd rather keep capital on hand to look to get in early on bullish shitcoins and airdrop opportunities. Staking most of my mid cap alt L1s though, no dapps I'm excited about right now. Still farming GMX/GLP until the bear is over or something bearish happens to the platform, getting paid out in ETH is quite nice.

Mentions:#ETH#GMX
r/CryptoCurrencySee Comment

Staking GMX, ARB/ETH LP OP/VELO LP max VELO locks for bribes leveraged GLP on Plutus leveraged DPX on Jones Lending on RDNT Holding rETH Staking KWENTA Staking SNX

r/CryptoCurrencySee Comment

Staking ETH on Lido Liquidity pool on ARB/ETH with Sushi Staking GMX on their platform Liquidity pool for RDNT/ETH, locked on their site Lending various assets on Radiant

r/CryptoCurrencySee Comment

If you want to leverage trade on chain instead, use GMX

Mentions:#GMX
r/CryptoMarketsSee Comment

It depends on what country you live in as many countries are clamping down. Phemex is probably the safest most accessible one left if you live in a country and can't access binance, bybit or okex. Bitget is another option but I wouldn't really recommend it. Strongly suggest not using MexC. Defi perps include GMX, Kwenta and Mux. I personally prefer Kwenta and then probably MUX.

Mentions:#GMX
r/CryptoMarketsSee Comment

Try GMX. It's also decentralized.

Mentions:#GMX
r/CryptoCurrencySee Comment

I use GMX for leverage, it costs 0.003%/hr to borrow. It's cost about $800 interest to borrow $5000 ETH for the past 220 or so days. Subtracting interest that position is up $4700 compared to $2700 had I not borrowed. Liquidation at 606, stop losses from 1500 to 1700, profit is locked in. The rate for that (5K+5K) position is $3.60 per day, or $0.60 per 4 hours. Anything ETH does over +0.036% per day is profit. ETH now needs to increase 66c per day, and at $2750 needs to increase $1 to cover interest. I'm not sure if that's a *good* borrowing rate but GMX is how I was introduced to leverage. It's one of the best dApps I've used so I'm happy to pay to use it.

Mentions:#GMX#ETH
r/CryptoCurrencySee Comment

Aave, Uniswap, GMX, MakerDAO, Curve. And so on.

Mentions:#GMX
r/CryptoCurrencySee Comment

Aave. They have a great product but I don’t think there’s a reason to hold the token Actually, most DeFi blue chip governance tokens like UNI YFI etc don’t really have a purpose that’s clear compared to GMX and the newer tokens where profits roll back to stakers. The exception being SNX

r/BitcoinSee Comment

I have a question about this Email thing. Why is Bitcoin often compared to that? If i want to send an Email i have to rely on a third Party that i can use their service to receive and send an email. If they shut down their service (GMX, googlemail ect.) i can t receive or send anything. And this is far away from Bitcoin. I send Bitcoin directly to your self-custodial wallet which is only accessable through you. So can someone please explain why this Email-Example is coming all the time?

Mentions:#GMX
r/CryptoCurrencySee Comment

GMX and probably RocketPool will have a one time epic run. Great for those who wanna ride the wave. They're new and promising and people usually live exactly that during bullrun. Long term tho...

Mentions:#GMX
r/CryptoCurrencySee Comment

**Tools** Unibot and the TG bot tokens we're seeing are just the beginning - I really believe that is a good step forward for usability (which has been lacking) - waiting to see actual apps and websites that make this experience simpler for users. **Socialised trading** I also think there will be more pools and daos where users can simply ape follow traders and participate in gains, there was an attempt at this already on GMX from memory (the name of the site escapes me), and really, a lot of the sniper bots have features to just copy trade other wallets. On chain and copy trading is still a big part of why you see so many shitcoins explode. **RWA** Speaks for itself, we have seen nothing really in this space properly yet - think about the amount of RWA in the world and how people might unlock that value. **Gaming** Yes, I know, currently web3 gaming is quite pathetic, games are bland and not really fun, and the graphics are shithouse - but I feel like there are some good concepts here that have not yet been tapped into properly like risk and having, for example, something like an NFT skin or even character that can be killed/burned if you lose. Waiting for the rise of stuff like that and how Twitch audiences might respond. **ETH** Eth will continue to grow as infrastructure for a lot of this, just look at the rise of L2s like Arbitrum. There is constant development and some major EIPs on the way. **BTC** BTC is going nowhere. It will continue to lead bull and bust cycles and all this talk of spot ETFs and adoption by the big boys is just the beginning.

Mentions:#GMX#ETH#BTC
r/CryptoCurrencySee Comment

Alright I'm gonna drop a huge wall of text partly because I like explaining this stuff and writings help clarify things to myself too: Right now, we're taking stables and sticking it into GMX's GLP liquidity pool. If you're not familiar with it, GMX is the largest perpetual futures DEX on Arbitrum and one of the largest DeFi protocols out there. GLP's basically a yield bearing dynamic index composed of like 50% stables, the rest is mostly ETH and BTC, and the weights are also dynamic. You are the counterparty to perp futures traders on GMX, so you profit from trader losses and liquidations but lose when traders are profitable. You also get most of the protocol revenue generated by position interest and fees. It's been pretty profitable and relatively low risk while still having some exposure to crypto proce action. Then we take the GLP tokens we have into Pendle. Pendle is a yield tokenization protocol that allows you to split yield bearing asset into principal token (PT), which gives you rights to redeem it for the underlying tokens at the end of a maturity period, and a yield token (YT) which gives you the rights to yield generated by the underlying asset. These positions are all liquid thanks to liquidity providers LPing YT and PT tokens. Yield speculators who think YT is currently undervalued and APY will go up can buy YT cheap and basically long yield, or you can buy PT at a discount so you get fixed APY for the duration of the maturity period should you choose to hold until maturity. With the advent of LSDfi and new yield bearing tokens plus the recent price action, people have been flocking to Pendle to speculate. So we take our GLP and use it to provide liquidity for GLP PT and YT. We get paid a handsome amount of PENDLE, we also get the yield from underlying GLP and we also get fees from yield speculators trading YT and PT tokens. But the thing with PENDLE is, in order to boost the yield of your LP positions and direct PENDLE emissions you need to lock a certain amount of PENDLE into vePENDLE. This is similar to veTokenomics introduced by protocols like Curve and Balancer. This is the final part of our current strategy where Penpie and Equilibria come in. Penpie and Equilibria are to Pendle, what Convex is to Curve and what Aura is to Balancer. It locks Pendle on your behalf and gives you a liquid IOU token like cvxCRV or auraBAL. These two are rival protocols that participate the so called Pendle wars. There is no current clear winner unlike with Balancer and Curve. Equilibria offers higher APYs and they have accumulated a bit more PENDLE than Equilibria, but we like Penpie's UX and tokenomics better. Our GLP YT-PT LP tokens are currently split between the two. So our current positions are relatively risk off and they generate yield (Think of it like holding ETH + BTC at 0.5 leverage and getting paid like 30% APY) What we plan on doing next starting in September is just accumulate a bunch of ETH with DCA over the next year (basically withdrawing x dollars from our current strategy and swap into ETH every week), stick it into liquid staked derivatives (See a pattern? We like yield.), then use money markets, CDP protocols, something like crvUSD, etc. to use it as collateral and once we have accumulated some ETH borrow USD denominated stables. Then we buy high conviction (and hopefully yield bearing) alts, effectively levering up into alts using ETH collateral. We will be operating under the assumption that we'll go into a bull market. If we don't, we'll be liquidated. Honestly the hardest part will be selling but we'll cross that bridge later. And stuff like GMX and PENDLE will obviously be making a sizeable portion of our alt holdings. Anyway basically TL;DR: Relatively stable, low risk yield -> Staked ETH derivatives -> Borrow using ETH and lever up to tits in alts -> Hopefully sell at the right time and walk away rich.