GMX

Additional-Ad3482

Totally get the frustration. Centralized exchanges can feel like black boxes sometimes. Switching to a decentralized exchange (DEX) like Uniswap or GMX and... etc does let you keep custody via wallets like MetaMask, and the experience is getting smoother every day. You might miss some CEX convenience, but the peace of mind and control often make it worth it.

itsaBazinga

I didn’t know Satoshi used GMX

CunningStunt_1

GMX

arnak101

GMX. Still believe in those guys, printing fees.

CunningStunt_1

GMX

Somebody__Online

You can look on decentralized perpetual markets like GMX and see what market is currently paying the best funding rates. I am farming ETH, UNI, and APE at the moment for a 70% Apr average. The move is to set the collateral asset to the risk asset and then short sell at 1x So like for uniswap I set the collateral asset to UNI and then open short for 1x. For the APE it’s the same but with APE as collateral and short APE. Then you just need to check in on the markets to make sure the funding rates are stating positive. You can close back into stable coin when the funding fees stop being positive.

Somebody__Online

You can trade with that sort of leverage on GMX from your wallet and there’s hundreds of millions in liquidity. You pay funding fees to keep those positions open and there are pools that act as counterpart to those big positions. You can take a multi million dollar long or short on several dex platforms.

CunningStunt_1

LINK is used for every service chainlink offers as either an incentive token or a gas token. To use VRF, CCIP, Proof of reserves. The token is used a 'gas' token. You pay LINK, to use the service. https://vrf.chain.link/ https://ccip.chain.link/ https://proof-of-reserve.chain.link/ Services such as price feeds are funded directly via the blockchain they operate. Usually via the scale, where the host blockchain covers the operating/start up costs. https://www.hbarfoundation.org/blog-post/hbar-foundation-joins-chainlink-scale-with-chainlink-data-feeds-and-chainlink-ccip-being-integrated-on-hedera Data streams work on a profit sharing system. Where the individual protocol shares a percentage of profit with chainlink. https://cointelegraph.com/news/decentralized-exchange-gmx-votes-to-use-chainlink-low-latency-oracles For the usecases above that do not directly involve the chainlink token, payment abstraction will be used. So GMX will pay in whhatever token, it is then traded on a DEX for chainlink + an additional 10% fee. https://github.com/smartcontractkit/payment-abstraction This is expected to live in the next month or two. Further increasing buy pressure. Chainlink is chain agnostic. It can be considered native on multiple chains by use of CCIP. Infact, you could make a cross-chain token in minutes using Chainlink as a chain abstraction layer, making whatever L1 or L2 irrelevant. https://tokenmanager.chain.link/

Tlux0

What you’re saying about hyperliquid just isn’t true when it comes to tracking volume. Hyper liquid revenue and volumes are absolutely insane for a defi product and it’s so young. It’s making way more money than GMX ever did lol

Somebody__Online

You understand that you can supply liquidly to defi money markets to be on the lender side of this activity right. You can access massive leverage on chain from your protocols like GMX, Gains, Derive, DYDX, and many others. It’s not some sort of gate kept activity that only institutional players have access to. You can make a killing farming funding fees, supplying counterpart collateral to leverage products, and generally acting as a market maker yourself. The market is volatile because there is no guardrails or circuit breakers and anyone can participate in any capacity. That means teenagers can launch new assets and scammers can fund liquidity pools for wash volume without special permissions. The volatility is a function of a free market, especially one who’s assets are mostly speculative

raulbloodwurth

For degen derivatives trading use GMX.

shittybtcmemes

you can lie to kraken... You can use a dex Like GMX or Jupiter.

venividivitis

Thank you very much! Already checked out Hyperliquid but I wasn't able to find very new projects of only a few hours old. I'll check out GMX and Gains. Thanks also for the word of caution, I avoid too low market caps anyway because it doesn't work with my strategy.

Successful-Bird8775

If you’re looking for early memecoin perps, MEXC is decent, but there are a few others that move fast. Some CEXes like Bybit and Bitget are quick to list, but they still run on CLOB systems, meaning liquidity and price action can be heavily manipulated. On the DEX side, platforms like GMX, Gains Network, or Hyperliquid offer decentralized perps, though memecoin listings vary. Just keep in mind that the earlier you jump in, the more you’re at the mercy of low liquidity and potential rug pulls, especially on CEXes where market makers play games with order books.

CunningStunt_1

Crypto as a "currency" has always been a meme. The true value in crypto is smart contracts. The ability to grant anyone with an internet connection access to tailored financial products in a decentralized, trustless manner is priceless. Where else can i trade perps where i know i wont be front run by my broker? GMX. Where can i get a loan against existing assets that wont have predatory rates or become victim to insider trading? AAVE. Memes get all the attention, as they are easy to understand. The true value are the protocols currently managing more wealth then all the memes combined.

Suspicious_Nature329

GMX on Arbitrum

CunningStunt_1

Chainlink has never had bad tokenomics. Retail just doesn't understand it. Much like people do not understand how the electricity gets to your computer. Chainlink is used for every service it offers as either an incentive token or a gas token. To use VRF, CCIP, Proof of reserves. The token is used a 'gas' token. You pay LINK, to use the service. https://vrf.chain.link/ https://ccip.chain.link/ https://proof-of-reserve.chain.link/ Services such as price feeds are funded directly via the blockchain they operate. Usually via the scale, where the host blockchain covers the operating/start up costs. https://www.hbarfoundation.org/blog-post/hbar-foundation-joins-chainlink-scale-with-chainlink-data-feeds-and-chainlink-ccip-being-integrated-on-hedera Data streams work on a profit sharing system. Where the individual protocol shares a percentage of profit with chainlink. https://cointelegraph.com/news/decentralized-exchange-gmx-votes-to-use-chainlink-low-latency-oracles For the usecases above that do not directly involve the chainlink token, payment abstraction will be used. So GMX will pay in whhatever token, it is then traded on a DEX for chainlink + an additional 10% fee. https://github.com/smartcontractkit/payment-abstraction This is expected to live in the next month or two. Further increasing buy pressure. Chainlink is chain agnostic. It can be considered native on multiple chains by use of CCIP. Infact, you could make a cross-chain token in minutes using Chainlink as a chain abstraction layer, making whatever L1 or L2 irrelevant. https://tokenmanager.chain.link/

CunningStunt_1

And with products like data streams protocols enter into revenue sharing schemes with chainlink. https://www.prnewswire.com/news-releases/gmx-votes-to-integrate-chainlinks-new-low-latency-oracles-as-launch-partner-in-major-leap-forward-for-defi-innovation-and-economic-sustainability-301805879.html Likely works out more profitable. This will flow back to token holders when payment abstraction goes live. So profits shared in the GMX token will be converted to LINK by use of uniswap (on Eth anyway). https://x.com/code4rena/status/1865124095358013665 So anyway, your fud is outdated.

CunningStunt_1

Yea no shit. But how is that different to now? How is a CBDC any different to the existing system? Other than being more efficient! I however now have access to services like AAVE or GMX where I can make my money work for me. Prior to this access to perp trading was impossible.

muskelongated

Trump and dump*. Also, tbf, he had the right idea @ $20. Just FOMO chased a peak after fumbling the technicals of buying crypto lmao. I entered at $11.03 shortly after the tweet and confidence that his social media hadn't been hacked. Sold above $60 and prior to SOL congestion. No regrets. Even went back in for round 2 with leverage (short side) once GMX listed TRUMP and Melania. More profit. -0.5 regrets.

Hungry_Toe_9555

Current Avalanche projects : The Arena , Fat Tom , Trader Joe , Securitize , GMX

sabio17

He was American, with German ancestry. GMX had decent privacy laws, this was before VPN's existed and to conceal your location you would use Tor and change your computers timezone/location and turn off your PC to conceal location further.

mrhaftbar

I was asking myself the same question for a long time. GMX was a popular E-Mail service in Europe back then and just expanded outside of the EU. The .com address was reserved for paying customers in Germany/EU OR free for users in the US. This means either Satoshi either paid for it, or registered the address from the US. IMHO, the privacy argument makes no sense to me. GMX could be forced by German authorities to supply a legal intercept interface if a judge signed the necessary papers. The only difference would be the right for data deletion, and the legal obligation for GMX to reveal a stored user data on the request of a user. My assumption is that Satoshi registered the email from the US. I assume that Satoshi would not add payment details for obvious reasons.

waldito

It is. Germany is big in privacy laws. GMX offers free email you can VPN into without GMX nagging about weird random locations. NSA would have been subpoenaing Google with any random argument to get those IPs in their logs. GMX... Good luck with that. Regarding Satoshi being british, I read somewhere his writings were carefully examined and concluded he was using word autocorrect to spell check from american to British english as there were a few emails where (he) forgot.

Remarkable_Can_4561

Why did SN use a GMX email? I know its a german company but a lot of people conclude he/she/they are native english/British speaker; so why GMX?

wuzidru

NFA – My portfolio is diversified according to a specific percentage structure, which I will not disclose. However, here’s what I’ve been accumulating over the past 12–24 months and intend to carry into 2025: L2s: $ARB, $STRK, $ZK and $OP New L1s: $SUI and $APT DeFi: $DYDX & $GMX PS: + some allocations into $ZRO and Wormhole $W

noviwu97

True, things move fast. GMX's GLP was a goated farm back in the besr market. The biggest difference with HL is the cult around it. It will take a major fuck up from the team to destroy this kind of cult, which is possible.

LieutenantZucc

my portfolio composition at the moment: 36% ETH, 35% Hyperliquid (HYPE), 10% CHEX, 7% USDC, 6.3% Parcl (PRCL), 3.5% SOL, 1.6% Eigenlayer (EIGEN), 1.1% GMX any thoughts on the portfolio and what should i be doing from here?

conceiv3d-in-lib3rty

Time for you to dip your toes into defi and get off those sketchy Chinese exchanges where the house plays against you. Hyperliquid does 50x Gains Network (gTrade) does 150x on crypto, 250x on commodities and up to 1000x (LMAO) on forex. Uses Chainlink Oracles to quote prices. GMX does 100x Mux Protocal does 150x Synthetix does 50x dYdX v4 just launched on its own blockchain implemented by Cosmos. Once you start trading futures on defi you’ll never go back to CEX trading.

DoinIt989

GMX is open, but it's still somewhat limited. You need a VPN if you are phyaically in the US and want to trade tons of coins on leverage. Then just use Hyperliquid. Windscribe VPN browser extension is a great free option.

OhWiseWizard

This is highly misleading and it would be beneficial for you to edit or delete. As someone who has worked in crypto for the past 4 years I can tell you it's VERY hard to aggregate data the way defillama attempts to and a lot of what they're doing is erroneous/best guess. For a service like Chainlink it simply doesn't work, as Chainlink has multiple revenue streams many of which are not directly on chain but still ultimately go to build for and reward token holders. It is estimated currently they're doing somewhere around $300M+ revenue/year across all revenue streams, putting total revenue more in line with something like Ethereum. These include data feeds, automations, all the SCALE deals where exchanges pay them $20-30M+ annually for services, deals like with GMX where they earn 2-3%+ on total revenue for services, etc. The vast majority of this not represented by defillama. LINK is probably for revenue:token price the best "deal" in the entire market, as generally I would agree with you the market doesn't currently care about fundamentals. If it did, LINK would be a top 3 token right now if not #1.

bullett007

Longs were pre-set at 92k on GMX.

LieutenantZucc

my portfolio currently: ETH 48%, HYPE 23%, CHEX 11%, PRCL 8%, SOL 5%, rest is EIGEN and GMX

WeeniePops

I pretty much only follow traders, but I guess they have other things to shill. It's a shame because I love trading on perp dexes. I've doing a lot on Drift, Jup, and GMX. I don't know how Hype slipped through my hands. Oh well. I know Drift and Jup are going to do more airdrops down then line, so I should be able to cash on on them. I was one of the few that got the Drift drop and have spent a lot of money on there, so they better hook me up lol.

4starz3starzstorm

Do you know why when I connect my coinbase wallet to GMX it still shows my balanced of USDC as 0? My coinbase wallet has USDC in it

99Beers

Leave the exchanges in the dust, their hands are tied as is or at least until the first King of America takes the throne. https://defillama.com/derivatives Here are the top crypto platforms for trading perps. I use hyper liquid everyday from the US, but you'll need a VPN to access it. There are some perps platforms like GMX which I don't think require a VPN. I've used Merkle Trade on Aptos which is okay.

Spacetraveler710

You can use GMX via Arbitrum or ETH, Solana also has an option via Jupiter, & leviathan I think is the protocol name on osmosis/injective/"ATOM". There is also APEX which I rlly liked. That's multichain too.  I do recall some of these do require a VPN, but you can use windscribe free version & get 2gb a month or 10gb if you add an email. & if you rlly wanna go extra you can also clear you cache & sign up a 2nd account as a backup.  These all are decentralized tho so it's just a matter of connecting your wallet to said dapp. If on mobile, APEX needs a VPN to link your account on desktop then you are fair game & can even enable ability to "sign" transactions/trades without hardware or hot wallet on desktop. APEX has you scan a QR code on your PC.  I rlly should link my account for a sign up bonus, but idc that much & I'm doing just fine these days with crypto. I also haven't traded leverage in a bit. I prefer decentralized options tho. It's what this space is supposed to be about. Defi!

pink_tshirt

There is plenty - [https://www.coingecko.com/en/categories/decentralized-perpetuals](https://www.coingecko.com/en/categories/decentralized-perpetuals) I am currently using GMX - [https://app.gmx.io/#/trade/](https://app.gmx.io/#/trade/)

Top_Toe8606

Can you use it to buy and sell. I want to try and make a trading but but i'm looking for a platform where i can use API to trade. Thinking of GMX right now but that will have alot of gas fees

LieutenantZucc

60% ETH, 12% PRCL, 9.2% SOL, 9.1% CHEX, 2.7% FOREST (absolute ai shitcoin), 2.0% EIGEN, rest is GMX, ATOM, TIA my portfolio atm

MaeronTargaryen

What about GMX?

Kumomax1911

If crypto does a sizeable jump in activity and they are actually able to keep pushing into Solana I would say over a billion with their current setup. If they win on securing Swift transactions and RWA I would say multiple billions. Not bad considering I think they only employ about 35 people? However, they need to start being more transparent and clearly state how off chain revenue will be shared. If at all. I wouldn't expect that under this administration. They made a huge oof by pushing harder into the L2 ecosystem instead of Solana. Needs to be fixed, but they are trying as we see with their GMX partnership. Either way, as crypto activity increases my bear case for the token is over $20. I'm speculating it's already undervalued even with Solana fumbles as long as we get some regulatory charity. Should be able to easily double that market cap if they reach all their goals. The crazy bull case is if we add the fact crypto degens may pile in to create ridiculously high valuations... that number is who knows. This is just my personal speculation on possible future outcomes with continued crypto growth. Should not be seen as financial advice. Everything is highly speculative and they have no obligations to be more transparent or share all avenues of revenue. As of now the only shared revenue is what is shown on Dune. This is why we need clear rules and protections for tokens that have security like properties.I do believe that will eventually come.

yldf

But a native speaker would rarely do that. And why would a French use GMX, a German mail provider?

CorneliusFudgem

And GMX token looks so good too, portfolio full of gains right there

JustStopppingBye

I’m bullish for every chain connected to CCIP. Chainlink integrated data feeds into solana last night though for GMX, first solana integration. If vitalik is still worried about layer 2 interop, then he’s a lost cause.

AbstractIdeas5

"One area in which CEXs have consistently held the upper hand over DeFi is when it comes to futures trading. This is primarily because trading leveraged futures markets demand low latency and support for advanced order types. It’s the sort of activity that CEXs are ideally suited to host..." This is already a non-issue. gTrade for example utilizes lookbacks to capture the order down to the fraction and does not let latency affect the trade. It remembers your trade and ensures the values you entered are exited your trade are honored regardless of the on chain latency. "CEXs still account for the bulk of all futures volumes, but DeFi options and perps are now much closer in terms of user experience. This is thanks partially to protocols migrating to L2s where fees are lower and throughput is higher, and also due to better design that has made perps platforms such as [GMX](https://gmx.io/) on Arbitrum a viable alternative to CEX trading. The number of markets that perps protocols such as [dYdX](https://dydx.exchange/) can support has also increased significantly, allowing access to hundreds of digital assets. Improved onchain liquidation engines, meanwhile, ensure that positions which become under-collateralized don’t threaten the health of the entire protocol." GMX is not on a layer 2, and DYDX may as well ask for your anal swab to trade. Let's be real. Decentralized still means something to allot of us, and we can't sacrifice half in half out products when on-chain trading exists. Gains has 225+ assets and deep liquidity. If you haven't seen gTrade or given it a try, go check it out. It will certainly surprise people who havent tried on chain perps in more than year. The space is advancing everywhere.

FallingSands

I mean I bought bitcoin and ETH before the 2017 bull run. Since then I’ve just been using DeFi to earn yield which has gone well. I have only been successful “trading” a few times and I only do it with pocket change, probably break even if I’m honest. Best move is hold conviction assets over many years and earn as much yield as you can. This year ive earned 20% ETH and BTC on pendle and GMX. So yeah. Money is there if you are patient and not buying meme coins.

arnak101

GMX also prime example of this, imo.

zerocodez

Hyperliquid, GMX, gTrade

nullc

> address always puzzles me too. I can answer that puzzlement, the vistomail address ate attachments (or attachments over some certain size). I've always assumed that the second address was GMX due to being able to register for it without disclosing his identity.

mrhaftbar

I always wondered why Satoshi used GMX.com as mailhost. gmx is a German company. He chose a gmx.com address, not gmx.de or gmx.net. Back then this was a premium domain. So the owner of Satoshi a gmx.com account most likely had to pay for it.

Comprehensive-Bag493

If this at all helps people narrow down the suspect pool craig wright 100% can't be satoshi, its hard to prove a negative but if anyone attempt's to say recovery the email satoshi used back in the forums back in 2009 the area code for the phone number to receive your recovery code starts with 94, looking up area codes there is 940 (texas, denton), 941 (Florida, Sarasota and Manatee counties), 947 (Michigan, Oakland County), 949 (California, S Coastal Orange County), Craig Wright is born, raised and lived in Australia in and during the time of the creation of bitcoin. Hal fin and the person whose name is actually satoshi nakamoto both lived in california which would coincide with the recovery phone number for satoshi's GMX email which was his and can be confirmed. The recovery email is \*\*\*\*\* out aside from the first letter being r. I'm sure if he wanted to be found he would of been by now tho....

shaydee313

I like that they’re working with protocols like GMX and Gains. If they’re smart, they’ll keep building partnerships with layer 2s like Arbitrum and Optimism for low fees and speed.

merryfasos

yeah I used it before. It's not good for my strategy because it doesn't have same-time execution. They are a fork of GMX if I'm not mistaken, or similar, and they operate their execution order based on two oracles: - chainlink - the order executor which is a gains bot This means that once you approve on metamask it's not really approved, there are still more seconds until it's approved on chain by their bot.

LieutenantZucc

my portfolio at the moment: 71% ETH 6.4% PRCL (vesting) 6.2% CHEX 5.5% SOL 5.2% TAP 2.4% GMX (vesting) 1.3% TIA 1.3% ATOM 0.5% PYTH

SevereCalendar7606

Terrible advice: Go full degen... go to GMX arbitrum go between 20-50x on whatever direction you think your favorite crypto is going to go. You win cash out. You lose it was destiny. Walk away and never come back.

Random_Name532890

Yea, because Satoshi is GMX..

Somebody__Online

GMX is the classic. Hundreds of millions in liquidity and you just use if from your wallet. Lots of other options too I like Gains for all the verity of tokens but for btc and eth I use GMX

rjm101

Monero because DNMs ChainLink because its blockchain agnostic and oracles are useful for these chains GMX & GNS because degens will always wanna leverage trade crypto regardless whether regulators like it or not Worldcoin because when Sam Altman lets GPT start using crypto to pay humans to solve basic tasks that it cant solve (think captchas) using his own coin makes plain sense.

xdozex

Right now, I guess nobody regulates them - no idea how they handle their tax obligations, but I also don't really care. I connect to the dapp, make trades directly from my wallet, and it just works - and I'm free to trade as much as I want to, as frequently as I want to. There's a bunch of options now, but the platforms I prefer personally are Kwenta, GMX, HyperLiquid, and DYDX. HyperLiquid and DYDX have the better user experiences, but you have to actually deposit tokens into their platform (smart contracts), so there's a little added risk there. GMX and Kwenta let you trade directly from your wallet which reduces the risk, but it also means you have to pay a gas fee for each and every trade you make. A little more expensive, and slower, but both are on L2 so speed isn't too much of an issue and gas fees are cheap. Some of the platforms required a VPN if you're attempting to connect from prohibited countries.. but most people active in non-CeFi crypto usually use vpns by default.

Somebody__Online

There’s several ways. Most simply you can use it as cash and trade your ETH and BTC back and forth with USDC while staying on the exchage entirely. This includes using GMX or other platforms to trade with leverage on these assets. The other way is to use stable coins in liquidity pools to farm yields. There are tons of stable coins out there like USDC, USDT, DAI, USD+, USDbC, FRAX, DOLA, crvUSD… and so on. Many exchanges pay top dollar for liquidity pairs like USDC/FRAX or some other combination of tokens. I supply liquidity to those pools and then earn a pretty substantial rewards yield on top of the trade fees I’m earning. Stable coins can also be used to earn yield through bonds by using tokens like sDAI, sFRAX or the like. There’s lots of options in crypto to trade with only usd exposure

morphakun

Derivatives Exchanges On Chain. DefiLama ([https://defillama.com/derivatives](https://defillama.com/derivatives)) has a great list. I use GMX, it was for me the most user friendly.

Somebody__Online

Withdraw from your exchange to your wallet and use GMX

SubjectHealthy2409

Gains.trade, GMX, based.symmio, alpha.thena

morphakun

You would have to go on-chain. Derivatives Exchanges. DefiLama (https://defillama.com/derivatives) has a great list. I use GMX

arnak101

GMX is gonna be the saviour for many this week I guess.

OccasionllyAsleep

Yep just moved 1500$ to GMX for a 10x short on avax https://i.redd.it/3rdl9i7j4rgd1.gif

OccasionllyAsleep

Lmfao $250 AVAX transaction fee to close positions on GMX right now

Somebody__Online

Just send your USDC to your wallet and trade on GMX

JustStopppingBye

Real adoption wont touch these protocols, theyre all scams. All the real defi protocols with actual value, Aave, Makr, GMX, SNX, all use chainlink to protect their funds.

ClintWestwood1969

GMX and ofc BTC. It's always a good time to buy more btc however we will likely see a top early next year so also don't be afraid to scale out of the market. Don't be the one left holding the bag.

SevereCalendar7606

GMX, UNI, CRV... Totally undervalued

Somebody__Online

I use a Trezor hardware wallet with my windows PC I use Rabby chrome extension or MetaMask for obscure shit and connect them to “Hardware Device” both sides f those wallets use the same trezor. They are interchangeable. I prefer Rabby for the transaction simulator before signing a transaction. (If your new to crypto, Rabby makes it super easy to use ETH and ETH layer 2 chains) I then sign into GMX with Rabby and make a “one click trading” wallet in the interface. That will be the hot wallet that signs transactions backed by funds in my cold wallets on my trezor. Then I fund the one click wallet with some WETH to pay gas for fees when I trade. Now that it’s all set up the trading is super easy. Just setting my buy and sell limits and adjusting positions all from the GMX one click interface without needing to use the trezor each time to sign the transactions. It makes it super simple to pop in on a positions adjust a Stop Loss or Take Profit or even adjust collateral of open futures positions all while not needing to constantly pull out the hardware wallet

Somebody__Online

Just trade from your wallet on the blockchain. I use GMX for limit trading as well as leveraged futures trading It’s all open source and you don’t need an account or anything just sign in with a wallet and trade. It’s fast and easy and hundreds of millions in liquidity depth. For more obscure tokens use uniswap or an aggregator like 1inch or odos

Somebody__Online

What about sites that run over IPFS like GMX? Is that not a way to decentralize it?

Somebody__Online

Yes that the one. It’s solid for scalping. For regular trading I would recommend GMX. You can trade limit order to buy and sell BtC and ETH and USDC and other tokens. You can also swap trade and the main show is the perpetual futures contracts. Like you said you’re not into using leverage untill you get comfortable, GMX is the place to practice. You can use like 0.5x leverage or 1x so that you are not ever at risk of liquidation. But like I said you can just stick to spot trading and use GMX to create your limit orders and such.

Somebody__Online

Yeah like all of them. You can trade on like GMX where you can easily set limit orders and even trade with leverage all from your wallet. Uniswap has billions in liquidity and u can use things like 1inch to set limit order. Or even limit trad on uniswap v4

Somebody__Online

I’m up 6% on my profile. Thanks GMX short selling!

btrader0093

I've recently started with GMX but a lot of the pages don't seem to be loading (leaderboards, etc.) including V2. Have you experienced this? Trading on V1 seems to work fine.

Somebody__Online

I like to stay on chain so that I keep my funds in my cold wallets while I use them to trade futures directly against on chain open source collateral pools. I use GMX and Gains Network mostly.

Phine420

People don’t even know GMX let alone doing anything besides hodling and getting scum APR on Binance..

Somebody__Online

Its counterpart is an open source collateral pool. You don’t need to trust it, you can verify it for yourself. It’s a DeFi protocol deployed on chain and hosted on IPFS cloud servers. So when I short sell using GMX I am still the custodian of the 1 BTC. It’s a trust based reputation like at your coinbase account.

anon-187101

Because leverage trading typically involves unknown counterparty risk - why should I trust GMX with .1 BTC, let alone 1 BTC?

Somebody__Online

“I hope so” in relation to this being a local bottom not like I’m gonna lose my shirt. I leverage short while covering the collateral in kind with 1x leverage. Like short selling 1 BtC @ $64,000 while covering the collateral with 1 BtC. A position like this will always be worth $64,000 no matter that happens to the price of bitcoin. If the BTC price pumps then my position is still worth $64,000 it’s just gonna be less Bitcoin units. If BTC dumps I still have $64,000 but now denominated as more Bitcoin units. So I’m able to lock in my USD value while earning more BTC from funding while not having any risk of liquidation. Why is this a gamble? On top of all that, GMX pays ARB tokens are kick back for my trading volume so I get to farm those too. You have no idea when I got into these markets, it’s cute you think your some OG but don’t understand covered leverage trading.

Somebody__Online

I do the vast majority of my crypto with BtC and ETH. There’s so many opportunities to make yield and collect dex rewards incentives from just those blue chips that it almost is not worth chasing other nonsense. I’m averaging about 40% Apr on my ETH (that’s for liquidy incentives payed by Lido and more recently the Arbitrum foundation) and lately the BtC is pulling close to 30% Apr from the GMX finding fees I get payed for holding short (I am short soled BtC with BtC as collateral at 1x in the BtC/BtC market, so my price exposure is locked in at 64k but the BtC earns funding fees payed in BtC at over 30% APR) As for some more risky shit I like OVN. The overnight finance project manages like 55 Million in stable coin farms and the OVN token earns a LP incentive from Aerodrome of 200% Apr $20,000 in an LP like that can pay for most of my cost of living lol

Swerve99

please trade on GMX!

Somebody__Online

It’s already stoped out. I don’t disagree that there are forms of leverage trading that are gambling but that’s not what I’m doing. Gains network and GMX are paying ARB token rewards for open and close fees on their platform. I open and close massive leverage trades generally at a wash and end up farming the rewards. Yesterday alone I earned 1,285 ARB tokens just from reward kick backs for opening and closing leverage plays. I also use leverage shorts with 1-1.5x leverage to hedge LP farms to create a neutral delta for the price exposure of the farm assets. Thanks for your concern but I am not gambling. Leverage perpetual contracts are just a part of my investment strategy. If anything I would recommend you try some perpetual trading on Gains or GMX since the kick back rewards make the risk profile accessible even for a gambler

Throwaway4VPN

Aave works for a defi solution if you're not looking for massive leverage. Otherwise GMX.

Aerocryptic

DYDX or GMX can be used worldwide

Somebody__Online

Just trade futures on the blockchain. I use GMX for my futures trading and that shit is already BtC/USDC. But even if shit gets banned who cares, you’re using open source software running on IPFS servers. There’s no way it goes offline if some country bans it

noviwu97

GMX is expensive. Use hyperliquid instead. Dydx is on cosmos. I'm not sure which is the better one for Polygon, but Gains is the most popular.

Somebody__Online

GMX is the biggest thing on Arb by far. Honestly I think the GMX token under like $80 is a solid buy and I have been stacking more and more. The max supply is below 14 million coins. I also have been buying into ARX if you’re looking for a risky but crazy low cap token. ARX is the token for Arbidex which is a pretty decent uniswap fork built by a doxed dev team who have a decent track record of delivering solid projects. The team is the same as the BaseSwap team on Base chain. Either way ARX is deep in the toilet and the token has a max supply of like 20,000,000. I believe in the teams vision and so play a little gamble positing in ARX still. I have just been farming ARX/ETH lp on the dex and compounding the yield into it for over a year now and I have over 7% of the total liquidity at this point so you know, I’m biased a bit lol. Other projects I like on Arbitrum are not as small cap. Curve, StakeDAO, Uniswap, GainsNetwork, Lyra options platform, and balancer to name a few. I have been participating in these projects for a long time and they are strong staples of the defi scene

Aerocryptic

There are some perp dexes like GMX or DYDX if you don’t have access to futures on your centralized exchanges

etj103007

cool another AMA instead of commenting multiple generic AI-generated questions (like certain users...), I'll be focusing on asking stuff based on your docs. From what I can see, JayX aims to provide basically everything an CEX would do (spot, margin, etc.) but **whats the main distinguishing feature of this platform** between DyDx, which also uses ZK-proofs and is multichain. Or GMX, which provides derivatives. firstly, your ecosystem has multiple tokens and NFTs which is all very confusing. And none of them are even launched yet. $SEED - the "utility" token, like a CEX's token, has multiple use cases, can be converted into JAY $JAY - the "governance" token. EGG, BIRD, a Mockingjay, and Hammer NFTs, all for garnering more rewards. **Whats the point of fracturing utility into different tokens and NFTs? Why not just consolidate everything into one main token and NFT to make it less confusing?** now, for the actual platform itself... So far, JayX seems to only be a spot market in demo mode, so some of my observations may change but please bear with me. JayX really likes to show off the decentralized order book. Looking into it, the spread is horrific (1000 buck or 1.5% difference between bid and ask on BTC alone). For some reason, there are filled orders being shown that are filled at current price... somehow, **despite none of these orders even appearing on the orderbook itself.** If I place a limit order in the middle of the spread, it gets filled, but takes a while to do so. Even with the filled orders list showing prices lower than my limit buy and/or higher than my limit sell. If I place a market order, it takes only the orders from the orderbook, which also includes the horrible spread. On the topic of orders, placing orders seems hard and with 0 ways to edit it. No way to specify types of orders (GTC, FOK, and others), no way to set TP or SL, trailing stops, etc. **Any plans to add advanced orders in the future?** **Why is it like this? Is it a liquidity issue or this is the intended way that orders work on the orderbook?** **How do you plan on attracting liquidity when the platform actually launches?** And to top it all of, your docs state that there will be "voluntary" KYC and AML thru third-party verifiers. **Whats the point of having it voluntary?** So, the platform seems underdeveloped for something that quote: "challenges the foundations of traditional financial systems". If you can deliver on these promises, then JayX can surely become one of the biggest decentralized trading platforms, but for now, it looks like just a primitive dYdX.

jekpopulous2

Lending markets (like AAVE), exchanges (like UniSwap), derivative markets (like GMX), yield markets (like Pendle), RWAs (like Maker), oracles (like Chainlink), prediction markets (like Azuro), etc… all generate insane amounts of real yield. People are using them because they’re profitable financial products. Those of us who actually understand how DeFi works don’t give a single shit about Youtube influencers, Solana meme coins or ape NFTs. We’re using on-chain financial tooling to generate revenue the same way that we would off-chain.

Somebody__Online

If I were you I would do this on chain using a perpetual futures platform like GMX. You can use ETH as collateral and earn funding fees while you hold positions opposite the market. It’s crazy cheaper than any centralized exchange

conceiv3d-in-lib3rty

The protocol’s, but the loan gets taken and paid back within the same block so it feels instantaneous, like any other transaction. Summer 2023 I was making decent money with a custom coded script doing flashloan arb on Synthetix, GMX, dYdX and a few others. The flashloan game has been completely saturated by industrial sized bot networks and the protocols themselves, not even worth it.

Trade_on_Moby

1. As it has been only about a month since launch, there are no directly compatible protocol contracts. we plan to offer APIs and engage in various collaborations with affiliates, so we believe next step will not take long. Our goal is to become a central infrastructure and standard in the on-chain options field, similar to the Eigen Layer in the LST sector, as we can interface with various DeFi Options Vaults and structured products. 2. When traders sell options using their underlying assets as collateral, the platform immediately pays for the option sales and holds the collateral assets within the contract. Users can reclaim their collateral assets upon settlement, depending on the payoff. Additionally, positions can be closed at any time through the Close function. 3. At now, we do not offer these features. The functionalities seem more suited to spot and perpetual trades rather than options trading, and therefore, they are not our highest priority at the moment. However, in the long term, we plan to introduce various features, including those you mentioned, to enhance user convenience and facilitate smoother tradings. 4. Of course, we are ready to offer a variety of Altcoin Options. 5. The Grant from Arbitrum Foundation symbolizes the market’s genuine need for pioneering services that bring unprecedented value to the ecosystem; Short -term perspective Moby aims to become the market-meta-driving protocol for on-chain options in 2024 as did GMX for on-chain perpetual futures in 2021 Moby is bring the following differentiate values to the market: - Radically reduced trade cost and Greeks risk with Dynamic Spread Model - Internally developed options pricing and SLE (Synchronized Liquidity Engine) - On-chain structured products & RWA applicability - Unparalleled capital efficiency (\~ 180X higher compared to existing DEXs) - No liquidation at ultra high leverage (\~1,000X) 6. Other financial assets like stocks are not our highest priority as altcoins and other crypto assets. However, if there is significant demand in the long term, we plan to support them as well. We keep an eye on the RWA (Real-World Assets) sector. 7. We are currently development, targeting completion within this quarter. In addition to supporting a mobile version, we plan to add and improve various UX/UI features for user convenience.

Moby-Intern

4. The Grant from Arbitrum Foundation symbolizes the market’s genuine need for pioneering services that bring unprecedented value to the ecosystem; Short -term perspective Moby aims to become the market-meta-driving protocol for on-chain options in 2024 as did GMX for on-chain perpetual futures in 2021 Moby is bring the following differentiate values to the market: - Radically reduced trade cost and Greeks risk with Dynamic Spread Model - Internally developed options pricing and SLE (Synchronized Liquidity Engine) - On-chain structured products & RWA applicability - Unparalleled capital efficiency (\~ 180X higher compared to existing DEXs) - No liquidation at ultra high leverage (\~1,000X)

TertlFace

GMX Decentralized perpetual options on ETH L2 (Arb) and Avalanche.