GMX

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.*

majorpickle01

Haha, happy to help. [It's called leverage, and is a feature of regular and crypto markets.](https://www.investopedia.com/ask/answers/06/forexleverage.asp) The ELI5 is essentially you pay an ongoing fee to borrow money against collateral to amplify the movements of the underlying market. So lets say you have £100. You trade 1x (no leverage) Market moves 5%, you gain 5%. If you trade with 2x (you borrow £100), the market moves 5%, you gain 10% Trade 10x (borrow £900), the market moves 5%, you gain 50%. Of course, it also works the opposite way. You borrow 10x and the market moves 10% against you - well you are 100% down, and youve lost all your money. It's not recommended for beginners, and even as someone that's been investing and trading for seven years I only use leverage on my fun money. I use a [decentralized lending platform called GMX](https://gmx.io/#/), which runs on an ethereum L2 called Arbitrum to do my leverage trading Generally speaking, leverage is best used for short term trades - you cannot hold longterm because the fees eat at your position quickly. So the more you leverage, the higher you pay in fees, and the worse risk you have of losing all your money. But you can also make funny money with it. There are legitimate uses for leverage that aren't just gambling - say you mostly ETH, and want exposure to SOL, but you don't want to park $10k in a spot SOL position (spot means buying the underlying asset, a normal trade), you could get $10k worth of exposure by putting up 1k at 10x, £500 at 20x, 5k at 2x, etc. That way, you can use you capital where you want, and still get your wanted exposure. But again, this isn't something for super long term, as you keep paying the fees and the market can go against you for a long time.

A_sexy_black_man

I personally prefer GMX.io Decentralized trading, no account needed. Just connect a wallet with ETH and trade a few tokens.

igotquaids

I dunno why you are getting downvoted this guy is a gambler. Buying $25 of BTC & XRP a week is not much of a gamble. If this guy wants to gamble (and probably lose all his money) I would suggest he stick with BTC and with the other half leverage trade on a dex like GMX.

Fair_Raccoon9333

DYDX and GMX are terrible places to do leveraged trading. gTrade (GNS) is architected better for capital efficiency so it has lower fees and better revenue sharing.

chuck_portis

This is a fool's game. Any CEX not doing KYC is breaking laws across multiple major jurisdictions, including the USA. The operators would be at risk of extradition and arrest anytime they travel onto friendly US countries. It's not a sustainable business model. If you want to go no KYC, use a derivatives platform on DeFi, like GMX / DyDx or the like.

omrip34

GMX

LieutenantZucc

well my highest conviction play rn is CANTO but that’s probably not too accessible. my other big bag is GMX

ExamSuccessful

Idk about never but it’s a LONG way away. There is so many small nuances to processing transactions. Unfortunately I learned most of them the hard way. By losing a large sum of money relative to the cause. Like I was using GMX to do leveraged trades. I have taken 2 significant loses due to what I thought was impossible but after researching it made sense. I caught a volatile uptick of 400 dollars in the matter of 2 min and I had it leveraged 50x with 20,000 at the time bitcoin was around 30,000 so it was like 30 coins. I was up roughly 10 grand and I went to close my position. I didn’t have enough gas to close the transaction. By the time I got the 2 dollars in gas fees needed to complete the transaction the volatile swing had corrected and actually over corrected hitting past my trigger price. Which should have cut my loses. But the price swung faster then the transaction could be cleared therefore it closed as soon is it could but by that time it cost my entire position. I went from 20k to 30k to 0 in 10 min. I had my position prices set but I didn’t realize it’s not like stock options where the company owns the underlying stock being traded and therefore you can’t have a stop loss be passed. Tough lesson to learn. BUT NOT AS TOUGH AS WHAT JUST HAPPENED Some one just paid 3.1 million in transaction fees to transfer 139 coins by the time the transaction finished it was only 55 coins. That person has to be SICK. All due to the non cancellation of replacement fees policy. This is fault that happens with blockchain though

cp-ma-cyclohexanone

I mean, reading the complaint, it really seems like the SEC is trying to argue Kraken sells securities, an argument they already lost on in the Ripple case. I feel reassured after reading Kraken’s response. Nonetheless, I will play it safe and get my money off the exchange for now. If someone could make a good DEX that supports limit orders, that’d be great. It looks like GMX is the best current option, and Thorchain should release a similar option soon.

WeeniePops

Wait, are you referring to me? You can set limit orders on DEXs. I almost exclusively trade on GMX, Vela, and Drift now. I have two limit orders pending on them right now actually. DEXs aren't just for swaps anymore. We have fully featured leveraged perpetual DEXs all over the place now.

hiredgoon

Switch to GTrade (GNS). Not a GMX clone, nor relying on inflating its token supply.

yanwoo

Some in GMX and Silo finance on arbitrum. Yields not really worth the risk but got bored sitting on my hands.

urt22

Anything! I’ve been looking at GMX on Arbitrum, Heliswap and Saucerswap on Hedera, and others on Polygon, Osmosis etc etc.

hiredgoon

Honestly, I don't get why people aren't into GNS more. I keep hearing people talk about inflating GMX and non-profit sharing DYDX but GNS is simply better across all relative measures. On-chain real yield is imo what this bull run will be about.

Oheson

Decentralized trading on Arbitrium and OP like GMX and Telegram trading bots like UNIBOT. No bag holders from last cycle.

Noematasv

I don't know about which bank you should use but about the "just buying and holding" part; I would suggest to find some good projects with good fundamentals like NXRA, GMX or GRAIL and not just hold but follow them to trade better. Hope you earn a lot!

DigitalDude_42

Kwenta? GMX?

DigitalDude_42

My neighbor was talking about GMX before it was cool. I just have so little on Arbitrum and I'm incredibly lazy. That doesn't really fit your question because it's more a me thing. Kwenta seems like a very similar product except on OP. Idk why I'm not into Kwenta yet, probably because I don't actually use the product. I've learned I'm dumber than should touch leverage. Just two on my list to watch.

Wilder54321

LSD and real yield protocols (GMX/somm) I’m guessing is still the narrative.

CostaTirouMeReforma

Nice, I'm \~10% in INJ too, the rest is in BTC for now but i'll be swapping for others, such as GMX, PENDLE, maybe SEI and other promising defi stuff

JustStopppingBye

What do GMX, AAVE and uniswap have in common?

Tip-Actual

From your list GMX, Canto, Rdnt. Anything not in top 20

LieutenantZucc

rate my portfolio: 54% ETH (rETH) 14% GMX 14% CANTO 10% BTC 3% RDNT 3% ATOM 2% SOL feel free to comment your portfolios

jimmycryptso

GMX

Somebody__Online

Would have loved to hear how it was such a terrible strategy when it clearly gave me a massive in profit short position and there’s barely any liquidity for new shorts to open now on GMX, DyDx is still pretty deep though. Idk, feels like it’s easy to say “this is bad” and not offer any concept of what makes it bad. In practice it’s working as I anticipated

Giga79

GMX has a really great DEX UI and UX, on Arbitrum. I've gotten quite a few 'grandmas' to use it without much assistance, to farm the ARB airdrop. What kind of UX are you talking about? My stock apps are all rather clunky contrast to DeFi, and my CEXs are all full of dark patterns and hidden fees.

Somebody__Online

Averaging up the entry price as we go. My average open is $39.50 now I joined the short on GMX too. Let’s see how todays FOMC news hits these markets.

Somebody__Online

I’m ok, I have wide margins and can stand to let this pump much further as I average up my entry/break even price I also own a good amount of the outstanding short interest on GMX now (along side my DyDx position) which is nice considering there’s only like $100 of available liquidity left for new shorts. It’s not so bad to average up when there’s limited availability to take positions. We’ll see if I get rekt, it’s possible but not yet and not for at least a while longer. I’m definitely in the red

igadjeed

> the only group of people I have ever come across to who have used gmx as their email provider are the Germans Before you were born ... In Satoshi's time (2008), and for many years before, GMX was a common choice for Web mail which wasn't corrupted by being a giant corporation, not Y!, microsoft, or G. Many Hotmail users migrated to GMX when MS bought and ruined Hotmail Most GMX users were not German

Dwaas_Bjaas

Let me get my bag real quick! Hmmm lets seee: 1- Ethereum 2- Optimism 3- GMX Don’t overdo on ALTs. It will bite you in the ass

TarkovRedditor

I think a lot of people are sleeping on alts like RNDR, INJ, POLYX, GMX or TRB. Might be over pumped but this is the kind of demand you want to see on alts when BTC breaks out

JeffreyDollarz

FTX should have been a big enough lesson to learn from. Robinhood not.lettiing people sell GMX shares is another good example, albeit a different market.

cp-ma-cyclohexanone

Anyone else invested in GLP on GMX? Making money off traders.

Drew-Money

“A reputation for quality, reliability, and the operates properly in good and bad times”. Projects like GMX have been paying out their shareholders all bear market, and right now they’re a top 5 revenue generating coin. Sounds pretty good to me

InfinityDoesSilph

Still looking to add to my GMX bag

Ruzhyo04

As an actual user of Ethereum, I can tell you that you’re getting bad information. See L2fees.info. Avg. tx on mainnet is like $2, and on L2s is pennies. And I meant, what do YOU use? If you’re certain of a tech, you should try it. For example I’ve taken out loans using Aave, swapped on Uniswap, gambled on GMX, bridged to various L2s, collected NFTs, voted in DAOs, donated on Gitcoin… that’s why I know Ethereum works and it’s ecosystem is valuable.

GoldenRain99

With the passing of the Arbitrum STIP round, which projects receiving grants are you most high on? Personally, GMX and Frax