GMX

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.

Cluster_Fluffed

🔴 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

gomathgo

Imagine it is 1988 and everything you have to use is a password dict. GMX could possibly know more about satoshi.

NikEy

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 😂

Vegetable-Ad7263

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?

theProfileGuy

GMX was using German Servers at the time and German Law protects privacy more than most. GMX at the time was a good move.

Nateriver777

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?

username2023yaya

Or just stake BTC in GMX. 9 percent APR, sometimes more. If its not doing anything else, this is the safest way imo.

AbbreviationsNo6968

Or just stake BTC in GMX. 9 percent APR, sometimes more. If its not doing anything else, this is the safest way imo.

jekpopulous2

GMX, gTrade, Hyperliquid, DYDX, etc... there are tons of perp DEXs.

Logical_Lemming

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.

Complicator84

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%

TheShroomsAreCalling

GMX had 10 million user accounts in 2002

Odd_Monk_132

I use GMX too, are you saying I am also that Stephen guy and Satoshi? Or perhaps more likely...lots of people use GMX?

Inthewirelain

we know his p2pfoundation account was breached and his GMX, so it's not clear who posted the Dorian message.

TTEH3

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?

TTEH3

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.

PeterNico_99

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.

Fair_Raccoon9333

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.

Logical_Lemming

Look into perpetual dexes, like GMX on Arbitrum or Kwenta on Optimism.

99Beers

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.

FragrantKing

With GMX's drop in rewards, where are people going for their degen leverage fun?

Actual_Peace_6157

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.

ukiyo3k

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.

psufb

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

Particular_Door_9573

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.

WeeniePops

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.

FragrantKing

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!

Vegas-Ranger

Synapse coin and GMX

OleWedel

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.

Braviosa

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.

noviwu97

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.

noviwu97

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

TheRicFlairDrip

Wow!! Couldnt be more bullish on GMX right now

coinfeeds-bot

tldr; GMX V2, launched six months ago, has integrated several updates including Chainlink data streams, adaptive funding rates, and more for a faster trading experience. Future plans involve incremental changes like a leaderboard and contract improvements. A proposed bridging protocol could enhance GMX's bridging needs, supporting cross-chain governance and liquidity. Additionally, the PvP AMM model, enabling markets without liquidity requirements, is under consideration. GMX aims to remain on Arbitrum and Avalanche, exploring new protocol types without launching a new chain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Logical_Lemming

All perp DEXes have good product/market fit IMO, and $GMX is the OG. Too bad it ran in the bear and now price is kinda stuck. But it does check all your boxes.

noviwu97

There are many decentralized perps in L2 like Arbitrum like GMX and Hyperliquid to do this

Somebody__Online

Company? You’re not trading on the blockchain from your wallet against a perpetual futures protocol like DyDx or GMX?

doordex

It may sound like a sad story, but most of my clients who used to buy crypto from me on Kucoin have started to switch to DEX. They find it even better because you can still get rare coins on UniSwap and trade perpetual on GMX or dYdX without worrying account shutting down.

noviwu97

GMX GM pool

DiscoverCrypto_org

No liquidity? Excuse me? AAVE markets are rich with liquidity on OP / ARB, and so is Uniswap and almost any major DEX or DEX aggregator. You can do EVERYTHING on L2 that you can do on L1. Lend ETH / Stables / Coins Borrow ETH / Stables / Coins Buy NFTs / Sell NFTs Bridge almost any coin in or out Buy LSTs Do Perps / Leverage / the "GMX" thing you're talking about Provide liquidity (which is what makes L2 very rich in liquidity) Open vaults ETC, do your own research (this goes without saying)

Shichroron

Like what? There is almost no liquidity comparing to eth. It is a serious question not passing judgement. Is there more to L2 than liquidity mining and GMX?

xdozex

Blue chip: LINK Medium risk: DYDX/GMX Degen: ORDI Crypto Reddit needs to step their game up. Seeing far too many people still banking on DOT to come through for them.

conceiv3d-in-lib3rty

Everything is more profitable on dex’s compared to cex. That’s been my experience anyways. My advice to you since you already have trading experience is to check out GMX, dYdX and Gains Network. Those are the top 3 dex’s for perpetuals.

maretus

Easiest day trade in my fuxking life. The bounce when it came back up was soooooo easy to predict. Thanks GMX for the 50x leverage! 😂

jtw473

In this regulatory environment it would be very wise to be anonymous. Being anon is the only protection against the violence of nation states who see defi as illegal violating BSA and kyc laws. GMX has anon devs and is one of the largest defi protocols with over 500 million tvl.

conceiv3d-in-lib3rty

It’s going to be difficult to give more than a cursory overview in the Reddit comment, but i’ll summarize the best I can. Which is more profitable, providing liquidity or staking: Depends on so many factors it’s crazy. But I will say both of these require significant capital to be profitable. Definitely not beginner friendly either, unless you’re just trying to put some tokens that you are just otherwise holding to work. Airdrop hunting is just insane right now. I used to shit on it hard last year but it’s a whole different ballgame right now. It’s to the point now that becuz it’s been so profitable, i’ve been spending a good chunk of my day simply farming. Just this last Wednesday, I claimed 8500 $JUP across 5 wallets for around ~$5k. The last Thursday before that, I got ~$350 from the $WEN airdrop. The 25th I got ~$400 from the AltLayer airdrop and wasn’t even farming it lol. I’m averaging a damn drop per week just by having all of my $TIA staked in several different wallets. And like I said before, I got fucking $23k from the $TIA airdrop from just running nodes. I imagine all of this would definitely be overwhelming for someone who’s new to defi, but if u have the time to learn, I can’t recommend it enough right now. How to make profit trading perps: Assuming you know how to trade.. if you trade futures on CEXs, stop asap and start on GMX, dYdX or Gains. With perpetuals, you’re simply attempting to predict the future price movements of an asset, they’re extremely well-suited for margin/leverage and u can hold em forever without having to worry about rolling them, just pay the funding rate. Except for GMX, they use borrowing fees instead of funding rates. Not sure how well versed u are trading, but on GMX, I use Delta Neutral strategies and a lil bit of funding rate arbitrage. How do u know which memecoin will take off? You don’t. Unless there is hype surrounding the launch of them. (these are ALWAYS the best opportunities for big gains). But for trading shitcoins/memecoins, u need a bot like BananaGun Bot or the 100s of other sniper bots. These bots allow u to “snipe” the memecoin/shitcoin contract as soon as it’s created so u get it the cheapest possible price. The bot has honeypot protection and u can set ur stop loss and sell target before it even purchases any tokens. So the idea is to get in and get out asap, pocket the $200-$300 in profit and move on to the next one. I’ve was doing this full time since last March and made a damn fortune last year. This strategy is a lot more saturated w/ competition doing the same shit u are, but it’s definitely still profitable.

maretus

Not necessarily. Yield from inflationary tokens during a bear will definitely lead to collapse. But yield can come from places other than inflationary tokens. There are several protocols on Arbitrum pioneering real yields rather than just inflationary tokens. GMX for example pays out 70% of profits from their leveraged exchange to holders. No inflated tokens - it pays out in ETH and the APR fluctuates depending on the profitability of leverage traders. (Leverage traders almost always lose money) GMX has been paying out between 15-30% for over a year now - during the bear.

maretus

Idk, I’ve been having a lot of success leverage trading on GMX. I usually stick with about 10x leverage and only make a move when BTC is doing something. It’s almost fool proof. BTC has a big green flag, long my favorite alts, get 10-20% profit on the trade, and jump back out. Btc has a big red flag, short my favorite alts, get some profit, and jump out. It’s almost guaranteed that major altcoins will move in tandem with Bitcoin, outside some weird situations or some unique coins. I don’t ever risk more than 2% of my portfolio on a single trade and I usually take 10-15x leverage. So, my $500 trade is worth $5000-$7500.

conceiv3d-in-lib3rty

Have you tried getting off of CEXs and coming over to DeFi land to trade?? If not, give it a go. Best thing I ever did and it ended up opening doors for me that damn near changed my life. Now a good chunk of my profit comes from boosted staking and providing liquidity becuz i was able to accumulate a large amount of money over the past year. Currently, im still trading shitcoins. Mainly sniping new memecoin contracts on Solana/Eth (just made a grip off $PORK). I also trade perps on GMX and dYdX. I do some airdrop hunting (this is literally a meta right now and people are straight up printing w/ airdrops) and I also currently run a node on Babylon and Taiko after netting $23k for running a node on Celestia. I say all this to say, there’s a ton of earning opportunities in the defi space. Definitely check it out before throwing in the towel.

Joben123

Just used ctc (crypto tax calculator) for my tax return - no dramas. Particularly good with handling all the wild defi stuff I've done on GMX over the last year. Anyways, GL filing ur taxes this season - it's never a fun experience :)(

macetheface

Ah just looked like a swapper exchange, i like ones with a full order book with leverage - dydx, GMX, Apex, Gains Network. There's quite a few and more keep popping up so not sure what's reputable and what's not so far although dydx looks to have the most volume. I'll take a look at mexc though thanks

CorneliusFudgem

meh i'll stick to btc / eth my alt plays rn are $MOZ and $GMX

Primary-Literature-5

The bear market is a thing of the past. In addition, according to a recent report, it is obvious that we are in the very early stages of a bull market. In other words, the BTC price recovery has not started yet. I have discovered a whale that consistently buys GMX and ETH when their prices are low and sells them at peaks. He also uses somewhat questionable Pump & Dump strategies to capitalize on the growth of altcoins. With my 20 thousand. He can pump BTC to almost any altcoin. Join his leveling group and earn money with him. I am a member of his closed group, where he raises altcoins, and this is the only pumping channel that really turned out to be effective for me. Search Jonnoland in Telegram to find a link to his official channel. His pumps brought me a considerable fortune in 2021.

Primary-Literature-5

The bear market is a thing of the past. In addition, according to a recent report, it is obvious that we are in the very early stages of a bull market. In other words, the BTC price recovery has not started yet. I have discovered a whale that consistently buys GMX and ETH when their prices are low and sells them at peaks. He also uses somewhat questionable Pump & Dump strategies to capitalize on the growth of altcoins. With my 20 thousand. He can pump BTC to almost any altcoin. Join his leveling group and earn money with him. I am a member of his closed group, where he raises altcoins, and this is the only pumping channel that really turned out to be effective for me. Search Jonnoland in Telegram to find a link to his official channel. His pumps brought me a considerable fortune in 2021.

Agile-Director-4670

GMX is a margin dex and has no kyc

maretus

DEFI is still innovating like crazy. Pendle has tokenized yield allowing people to buy and sell the market value of the future yield of a coin. Super interesting. You can make a profit if the future yield goes up or lose money if it goes down. GMX has built a reallly really good decentralized exchange with up to 50x leverage. It works phenomenally well.

Sithaun_Meefase

Yes! I was going to mention GMX it’s a dope platform. I just made the token they are building off of a big part of my alt portfolio. I’m not serious by any means but I love to trade with like $30-$40 at a time on leverage for the intensity lol it’s fun haha and they make it pretty easy.

Specialist_Olive_863

I've got some leverage going on, but just a few dollars here and there just for fun. I should try it on Dapps instead like GMX, I keep forgetting about it when I want to play leverage.

coinfeeds-bot

tldr; Brokkr Finance's monthly index report for December 2023 shows that Arbitrum indexes experienced growth, with the DeFi Index leading with a 35% increase. In contrast, Avalanche indexes saw a correction from their significant growth in November. The Avalanche Gaming NFT Index dropped by around 50%. Specific projects like Heroes Chained, BFG, Chikn, Heroes of NFT, and Snail Trail's Snail Race all saw price corrections. GMX was the only DeFi project on Avalanche to show gains, due to the GMV V2 launch. Overall, Arbitrum's DeFi Index was the top performer, with PENDLE, JONES, and DPX seeing notable increases. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

_FriedDumplings_

Drop it. It's a scam. Do some farm and LP at known apps. Like GMX and Tortle Ninja etc. But I highly recommend Tortle Ninja. They have this triggers that will protect your investments by executing a sell order, pausing token farming and other options etc

_FriedDumplings_

Oh jeez. Everybody's asking the same question. lol anyways just keep on doing research, Forums and discussions are everywhere. But don't forget to hold, farm and create strategies on GMX and Tortle Ninja.

_FriedDumplings_

Agree ! It's just that everybody thought that once ETF is approved, BTC will pump like a friggin nuclear missile. That's why I just stick on farming and LPs on GMX and Tortle Ninja.

_FriedDumplings_

The ETF price isn't related directly to Bitcoin, it's just the collateral behind the fund used to buy the Bitcoin. So no, the price of Bitcoin will not be affected. ETF price of Bitcoin will rise but the Bitcoin itself won't. Daz why I stick on farming and LPs on Tortle Ninja and GMX instead. Tho I hold a few btc but I'd rather buy some other stablecoins instead of more btc

Primary-Literature-5

The bear market is a thing of the past. In addition, according to a recent report, it is obvious that we are in the very early stages of a bull market. In other words, the BTC price recovery has not started yet. I have discovered a whale that consistently buys GMX and ETH when their prices are low and sells them at peaks. He also uses somewhat questionable Pump & Dump strategies to capitalize on the growth of altcoins. With my 20 thousand. He can pump BTC to almost any altcoin. Join his leveling group and earn money with him. I am a member of his closed group, where he raises altcoins, and this is the only pumping channel that really turned out to be effective for me. Search (Jonnoland) in Telegram to find a link to his official channel. His pumps brought me a considerable fortune in 2021.

Primary-Literature-5

The bear market is a thing of the past. In addition, according to a recent report, it is obvious that we are in the very early stages of a bull market. In other words, the BTC price recovery has not started yet. I have discovered a whale that consistently buys GMX and ETH when their prices are low and sells them at peaks. He also uses somewhat questionable Pump & Dump strategies to capitalize on the growth of altcoins. With my 20 thousand. He can pump BTC to almost any altcoin. Join his leveling group and earn money with him. I am a member of his closed group, where he raises altcoins, and this is the only pumping channel that really turned out to be effective for me. Search (Jonnoland) in Telegram to find a link to his official channel. His pumps brought me a considerable fortune in 2021.

Somebody__Online

I don’t do that, that’s a good way to lose your money or for the exchange to go “down” right when your profits are at their peak. I do it on chain like using Dydx, gains network, or GMX for perpetual futures trading with leverage. I also really like Lyra for options trading. The v2 is pretty dope.

jswb

Using leverage is impossible without a VPN in the US, unless you’re a multimillionaire using Kraken. Otherwise you should use a DEX like dYdX or GMX to avoid your assets being locked up. Coinbase has way too high fees for active trading. Binance US was good until they raised their fees and liquidity disappeared, now Kraken offers the best balance of low(er) fees / decent security / good customer service.

seb7mad

I really like GMX. Making money when degens lose (they always do long term) is satisfying

Agile-Director-4670

Arbitrum is making me around $200 a day in rewards, STIP funds still being thrown around so thats a good option. Perp protocols like GMX, Gains DAO etc. earn a lot of money. PendleFi farming on Arb is good too. You can bridge directly to Arbitrum from CEXes usually, I use coinbase to go from $ -> USDC -> Arbitrum and its only \~$1 in fees total.

Beechbone22

I am a DeFi user, but I wouldn't try your perp dex unless it's a big step up in UX or it has a novel idea for liquidity provision that increases capital efficiency or benefits stakeholders. There are a thousand GMX forks, a million perp dex aggregators and a trillion other miscellaneous perp dexes. A new one is launching every other day. I don't care to use yours unless you can promise any of the above or provide composable products for your LP tokens (or equivalent) right off the bat. It's an oversaturated market. If your product isn't distinguishable from the countless others like it, I don't care for it and neither does the market.

reddorical

I hope you truly feel better bro lol This is the quote I was referencing: [article (forbes)](https://www.forbes.com/sites/kashmirhill/2014/09/16/satoshi-nakamoto-email-hack/?sh=734c4301dd9c) > *Thomas Plünnecke, spokesperson for 1&1, the Germany-based company that owns GMX, Nakamoto’s Pennsylvania-based email provider, says the company can’t talk about what exactly happened with the account due to its privacy policy of not releasing information about an account holder to third parties.*