Reddit Posts
A Tale of a Smoothbrain, Staking und Bananas
Exploring SpoolFi v2: Evolving LSDFi in the DeFi Space
DPEX vs GMX Epic Climb & Chain Expansion! Cypherpunks Know, Normies Beware MoonshotAlert
Yo cryptofam, check it, DPEX is on a mad run, sitting at a measly $315K cap (lol, rank 2510 on CMC) but eyeing GMX’s beefy $481M (#95, bros). Big brain play: DPEX gonna expand chains, and the GMX crowd will hop on. It’s crystal for us cypherpunks, but normies might miss the train. https://dpex.io/
At 50x Leverage in DeFi markets like AllArk and GNX, you could have turned $100 into $5400 in this Pump
If You Want To Become Rich in Next Bullrun Keep Eye on These Coins🐂
$DCE - Decentra Ecosystem | Contract renounced | Fair Launch is live on Pinksale | Web3 technology | Buy back & burn | 2 Audits
Decentra Ecosystem | Fair Launch is live | 2 Audits | Big Marketing Campaign | Strong Community | Be Part of it
Kinetix ($KFI) - Sesta making Kava the home for his new project (WAGMI) means Kinetix is one to watch
GMX Biggest Winner in $40 Million Arbitrum Grant
Perpetual Trading Protocol GMX Bags Biggest Chunk of $40M Arbitrum Grant
GMX receives largest share of $40M Arbitrum STIP grants, Lido misses out
GMX Bags Biggest Chunk of $40M ARB Grant as Voting Ends
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
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]
Big crypto trends we could observe in the future
Top 30 cryptos in 2024-2025 on Coinmarketcap!
GMX Trader Makes Over $1 Million Shorting and Then Longing Ethereum During Crypto Market Crash
Short with leverage on GMX: how liquidation prices are calculated?
Short with leverage on GMX: how liquidation prices are calculated?
Quickswap Team is developing the first decentralized Perps Exchange on Kava.
DOGE! Is the original meme/dog coin ready to take off?
$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"
ND4.ETH burnt more millions worth of crypto
Mysterious ETH destroyer nd4.eth burns nearly $4 million worth tokens and NFTs again
Quickswap is developing the first decentralized Perps Exchange on Kava. It's launching soon and it will have a token ($KFI)
GMX Launches v2 Beta & Introduces New Assets For Trading
A look at the og dog coin's chart
SpoolFi V2: The new face of institutional-grade Defi
Alpaca Protocol - Decentralized Meta Aggregator
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
Are CEX's Actually Less Risky? DEX's still have no options to manage risk on your holdings (aka stop orders on swaps)
Low-cap Projects on Arbitrum that I'm in the Lookout for
Low-cap Projects on Arbitrum that I'm in the Lookout for
Low-cap Projects on Arbitrum that I'm in the Lookout for
Low-cap Projects on Arbitrum that I'm in the Lookout for
Synthetix trading volume overtakes GMX, but is the DEX token rally sustainable?
Don't come near Future if you haven't touched it. Future could mess you up badly...
PulseChain is launching within 7 days. Here's how you get your tokens and bridge back value
PulseChain is launching within 7 days. Here's how you can claim your free airdrop, and bridge value back
Help Picking/Comparing/Evaluating DEX Risks vs Benefits Compared to Kucoin
Which DEX do you think will be more successful in the next bull run?
A Bullish Case for GMX, the Largest Decentralized Derivatives Exchange That You Can Own And Pays You Dividends in Ethereum. [DEEP DIVE]
Portfolio Showcase and Suggestions Thread
Whale just opened a 53x long ($13M) on Btc and 34x long on Eth ($1.2M) on chain
Explained: What is Bridging and How Does it Work? (Bridge ETH to Arbitrum, zkSync, etc.)
After nfts and meme coins, decentralized on-chain perpetual trading exchanges token are new hype
Flashstake - Earn a year’s worth of yield upfront, immediately, today. ($GLP strategy launched today with initial 60% APY!)
USDT-Margined ARB, MAGIC, GMX, PERP and LRC are now up on Kucoin for a competition!
UPDATE: A Week After Getting Hacked for 300k - Cashing Out at a KYC Exchange
Crypto Exchange GMX Proposes Deployment on Coinbase's Base Blockchain
Crypto Exchange GMX Proposes Deployment on Coinbase's Base Blockchain
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.
Ditch the CEX: Four Promising Decentralized Exchanges (With pretty UI screenshots)
This trader is single-handedly destroying GMX stakers
Unlock the Benefits of Arbitrum's Airdrop: Your Step-by-Step Guide
GMX Price Gets Second Wind and Targets New All-Time High
The Danger of Trading with Leverage Trading, March 2023 Edition
UPDATE: Platform for shorting tokens - if bear market continues, why not embrace it?
UPDATE: Platform for shorting tokens - vote on your rugs and shill your bags!
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
SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price By Cointelegraph
A simple layer-2 app is earning more in fees than every blockchain
GMX feasting on volatility today tops Ethereum in fees
GMX Generates More Fees than BNB Smart Chain and Bitcoin
Hackers steal $3.5M worth of digital assets from GMX whale
DeFi user loses $3.4 million of GMX tokens in phishing attack
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.
Wallet enhancements for the next generation of decentralized power users
Adventures in Borrowing to Invest - Part 1
Perpetual Protocol and Perpetual DeX 101
Have you ever heard about Forward DeFi Protocol ?
Perpetuals-Focused Decentralized Exchange GMX Surpasses Uniswap in Daily Fees Earned
Metavault trade: gmx fork with 100x potential
L1 coins - a race to the bottom? Explain to me why I am wrong.
There already some 100x here and there.
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!
Why I am strongly against crypto regulation.
What you need to know to make it and dont learn on this subreddit.
Mentions
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....
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.
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.
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
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.
Yea, because Satoshi is GMX..
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
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.
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.
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
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.
Withdraw from your exchange to your wallet and use GMX
Gains.trade, GMX, based.symmio, alpha.thena
You would have to go on-chain. Derivatives Exchanges. DefiLama (https://defillama.com/derivatives) has a great list. I use GMX
GMX is gonna be the saviour for many this week I guess.
Yep just moved 1500$ to GMX for a 10x short on avax https://i.redd.it/3rdl9i7j4rgd1.gif
Lmfao $250 AVAX transaction fee to close positions on GMX right now
Just send your USDC to your wallet and trade on GMX
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.
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.
GMX, UNI, CRV... Totally undervalued
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
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
What about sites that run over IPFS like GMX? Is that not a way to decentralize it?
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.
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
I’m up 6% on my profile. Thanks GMX short selling!
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.
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.
People don’t even know GMX let alone doing anything besides hodling and getting scum APR on Binance..
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.
Because leverage trading typically involves unknown counterparty risk - why should I trust GMX with .1 BTC, let alone 1 BTC?
“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.
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
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
Aave works for a defi solution if you're not looking for massive leverage. Otherwise GMX.
DYDX or GMX can be used worldwide
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
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.
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
There are some perp dexes like GMX or DYDX if you don’t have access to futures on your centralized exchanges
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.
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.
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
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.
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.
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)
GMX Decentralized perpetual options on ETH L2 (Arb) and Avalanche.
🔴 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 🔴 2023 - You missed $BONK 🟢 In 2024, don't miss $POWSCHE
Imagine it is 1988 and everything you have to use is a password dict. GMX could possibly know more about satoshi.
I mean, yes, my first account was GMX, but when I wanted to stay anonymous back then, I used mail.ru, so perhaps same thing happened here 😂
Wait, he had a GMX email account? Wasn't this like only a German thing back then? Guess that might narrow down his/her identity?
GMX was using German Servers at the time and German Law protects privacy more than most. GMX at the time was a good move.
He used GMX lol, kind of noob move? can’t we get gmx to release all his emails their logs and find his IPs at that time, and who lived at those addresses?
Or just stake BTC in GMX. 9 percent APR, sometimes more. If its not doing anything else, this is the safest way imo.
Or just stake BTC in GMX. 9 percent APR, sometimes more. If its not doing anything else, this is the safest way imo.
GMX, gTrade, Hyperliquid, DYDX, etc... there are tons of perp DEXs.
AlgodTrading: Won famous Do Kwon bet, shilled for GMX before it rose, shilled TAO before it giga-rose. Sketchy and contentious fellow, though - got his funds off of FTX via questionable means and got started shilling low-cap garbage (like many influencers, to be fair). GCRClassic: Goes without saying, he's worshipped by all of CT for correctly calling tops. Basically retired, but he did tweet just the other day. CryptoDonAlt: Bought the BTC '22 bottom with conviction. Not afraid to say when he thinks the risk/reward is not worth it. That's only three, but those are the only three I really like. Then of course you should follow the really famous people like Vitalik, Elon, Saylor. And the pages for any coins you're holding.
Biggest DEX on Arbitrum GMX does. GMX token for 30% ish of the fees, then you can get specific GM pool tokens for the other 70%
GMX had 10 million user accounts in 2002
I use GMX too, are you saying I am also that Stephen guy and Satoshi? Or perhaps more likely...lots of people use GMX?
we know his p2pfoundation account was breached and his GMX, so it's not clear who posted the Dorian message.
He paid for the domain using cash most likely, he posted on the forums using Tor, he connected to IRC using Tor, he used fully anonymous email providers like AnonymousSpeech and GMX... You think he'd post under his real name, after going to all those lengths to stay anonymous?
It's known he used Tor. He connected to IRC via Tor. The owner of Bitcoin Forum said he only connected via Tor. Once, an IP possibly belonging to him was leaked when someone (maybe Hal) sent debug info of an early transaction; it was a Californian IP address. He bought the bitcoin.org domain using AnonymousSpeech, a hosting provider that accepted cash payment in the mail and asked for no private information. He used AnonymousSpeech and GMX for his emails; both privacy-oriented providers who kept no logs. AnonymousSpeech no longer exists. Hope that helps.
Thanks ill try that. Have been trying to use a platform called GMX which is supposed to be a decentralised platform but ive been have trouble making trades because i have a 'insufficient balance' even though my wallet is connected and i have the funds.
QUICK probably should be on the list. Biggest native dex on Polygon. I'd also consider a new category for leveraged DEX's like GNS, DXDY, and GMX.
Look into perpetual dexes, like GMX on Arbitrum or Kwenta on Optimism.
If you are using on-chain apps you can trade perps using as much leverage as you want. DYDX is the most notable and requires VPN for US. They have their own app chain. GMX on Arbitrum and JUP on Solana are just some more examples. I recently tried JUP to leverage trade BTC and ETH, but unfortunately it's a little disappointing with SOL's current network congestion. I found opening a position to be punitively slow by trading standards. In addition, the stop loss/take profit not sticking as price would blow past and the position stayed open. For JUP the price feed was also suffering latency and not working well on the 1M chart. Literally some candles would be 3 minutes long, then a 1 m candle. It was bizarre.
With GMX's drop in rewards, where are people going for their degen leverage fun?
Here's the lowdown: Kraken and Coinbase are centralized exchanges, meaning they're regulated and offer a bit more security and ease of use. Plus, they've been around the block for a while, so you know they're legit. On the flip side, GMX is a decentralized exchange, which means it operates on a blockchain network and gives you more control over your funds. It's all about that decentralized vibe and cutting out the middleman. Now it really depends on what you're after. If you're all about safety and convenience, Kraken or Coinbase might be the way to go. But if you're feeling adventurous and want to dive into the world of decentralized finance, GMX could be your jam. Either way, make sure to do your research, keep your private keys safe, and only invest what you can afford to lose. And def check out [indicatorsuccessrate.com](http://indicatorsuccessrate.com) . It's free and it helped me a lot.
You need to switch to defi, Stop spot trading. Look at defilama to understand all the defi protocols. GMX is really good and growing especially on layer 2 Arbitrage network. Do some research on defilama.
Drift on Solana has done $9.7B in derivatives volume so far in 2024. GMX on Arbitrum has done $4.1B in the same time frame
Is this a joke ? too often ? Like 4h in a year just like.. Arb ! who went down roughly the same time as SOL last year in december... Oh wait when it's L2 it's not down, it's like "unplanned maintenance". There's roughly the same volume of perp trade on solana on drift, jup, zeta. 180 m$ open interest on drift vs 250 m$ on GMX (on 3 chains..) right now for example. Solana haters having a hard time with facts as usual.
Does anyone else trade on leveraged DEXs like GMX or Jupiter? The ability to trade a coin against itself has really changed the game for me. I don't have to be in stables all the time while waiting for an entry and I don't have to take profits in stables either. I just pick points where I want to add leverage and then receive profits in the coin I started with. That way if I bet that Eth is going to go from 3500 to 3600, but it ends up going to 3800, I don't miss that out on that spot gain because I never had to convert to stables. In fact, it will actually compound the gain I just made on the original trade. It's such a better system if your plan is to hold and accumulate like mine is.
I keep getting airdrops in ARB cos of my GMX holdings, as an average person on the internet, where do you think ARB will reach? I have no idea! My stops triggered, so a nice start to the day with a bit of profit!
In case you want to use a DEX like Uniswap or GMX, instead of a CEX like Coinbase, then you need to swap to USDT.
I think the article misrepresents what Satoshi was saying. He did see it as an investment, he just didn't feel comfortable saying it in case it went no where. You can see the original emails here: https://mmalmi.github.io/satoshi/ What's interesting is his mix of UK and US word spellings. He uses UK favour rather than favor, but uses the US optimize rather than optimise. No one from the US or most commonwealth states would do that. I think he was either from europe or asia and english was a second language. I lean towards him being german just because he had a GMX email address... but he could well have been japanese or singaporean too. Anyway - he's not Craig Wright.... his writing style is very different to the way wright communicates.
Yeah it's paying like on average 50% in ETH. But the ETH was like $1200-1500, so if you keep all the ETH (which is an easy hold), you get 100%+ APR. Not counting the bonus GMX and GLP price appreciation.
I almost tripled my port during the deep bear market of 2022/2023 by providing LP to GMX. I'm fully out now but forever thankful to this dApp
Wow!! Couldnt be more bullish on GMX right now